Ann: Ardiden Secures Advanced Lithium Project in Canada, page-3

Another leaky ship..
Key Points:
 Ardiden enters option agreement to acquire 100% of the Seymour Lake
Lithium-Beryllium-Tantalum (Spodumene) Project in Ontario, Canada.
 Seymour Lake has over 4,000m of historical diamond drilling which has
confirmed the potential for high quality spodumene mineralisation
containing extensive zones of lithium, tantalum and beryllium. Key
features of the project include:
o Mineralisation hosted in extensive outcropping spodumene-bearing
pegmatite structures;
o Widths of up to 26m of lithium mineralisation intersected in historical
drilling;
o Excellent infrastructure (road, rail and power) within the leading
mining jurisdiction of Ontario, Canada;
o Significant historical lithium intersections include:
 2.081% Li2O over 16.90m
 1.584% Li2O over 26.13m
 2.386% Li2O over 9.20m
 1.735% Li2O over 14.25m
 1.325% Li2O over 23.85m including 2.059% Li2O over 9.00m
and 2.232% Li2O over 3.04m
 1.837% Li2O over 11.80m
 2.212% Li2O over 5.70m
 2.100% Li2O over 6.75m
 1.475% Li2O over 17.72m including 1.937% Li2O over 12.97m
 In addition, tantalum and beryllium grades of up to 1,180 ppm
(Ta2O5) and 1,270ppm (BeO) respectively were intersected
 Lithium is anticipated to be in tight supply as the demand for lithium-ion
batteries undergoes transformational growth over the next decade. In
addition, the project shows potential for tantalite and beryllium as byproducts/credits,
both of which are worth ~US$500/kg.
 The proposed acquisition is highly complementary and synergistic to
Ardiden’s existing 100%-owned Manitouwadge Jumbo Flake Graphite
project in Ontario for a number of key reasons:
o Lithium-ion batteries use lithium as the cathode and graphite as
the anode. Transformational growth is predicted in this market.
o The Seymour Lake Project can be developed by Ardiden’s existing
experienced Ontario-based team, which has led the highly successful
graphite drilling program in 2015.
o Both projects are located less than 4 hours from a key infrastructure
hub at Thunder Bay which is less than 100km from the US border
and has existing rail, road and port facilities which can also access
the Atlantic and service European markets.