Hi Sirgoldinger I would agree that we cannot see a finish line, YET
But I disagree that we are no closer to the finish line, here's why
Subsequent activity to the Ardea Loyalty Options, - Godolphin Resources has been spun out and we all received free shares. - Kalgoorlie Gold has been spun out and we all received free shares. These 2 spinouts have resulted in Ardea becoming more focused on battery materials, additionally they have simplified the offering from Ardea and they have enabled the management of Ardea to focus on the battery metals business exclusively.
Now related to the Ardea battery materials date linked by you to Loyalty Options - Loyalty Options completed June 2018 - 2.25mt Scoping Study dated 24 July 2018 - High-grade nickel-cobalt mineralization extended at Goongarrie October 2018 - Goongarrie Pilot Plant trial produces battery grade crystals October 2018 - 2019 resulted in Godolphin spinout and nickel sulfide drilling as well as gold drilling. 2018 - Ardea Appoints Andrew Penkethman as Managing Director Feb 2020 - Maiden Resource for Big Four Gold Project, WA May 2020 - Nickel Sulphide Targets within the Ardea Tenement Portfolio including KNP Sept 2020 - Farm-in Joint Venture Agreement signed with Red 5 November 2020 - Transfer of Mulga Plum Option Agreement November 2020 - Ardea commences nickel sulphide core drilling at Emu Lake November 2020 - Also in 2020 there was numerous gold drilling activities 2020 Year - Tenement Sale and Purchase Agreement signed with Moneghetti Minerals over Bedonia East Feb 2021 - GNCP High Grade Resource - 60 million tonnes at 1.0% nickel Sustainable Long-life Battery Metal Resource Confirmed Feb 2021 - Tenement Sale and Purchase Agreement signed with Larvotto Resources over Bedonia West Feb 2021 - Emu Lake Nickel Sulphide Target: Diamond Core Drilling Commences March 2021 - Basal contact nickel sulphide intersected at Ardea’s Emu Lake April 2021 - KNP Highway and Black Range - Nickel Sulphide Drilling Commences May 2021 - CSIRO/Ardea research at Goongarrie BTZ –insights for nickel sulphide and gold targets May 2021 - Kalgoorlie Nickel Project – Feasibility Study Underway May 2021 - Kalgoorlie Nickel Project –Additional Tenure Purchase June 2021 - Semi-massive nickel sulphide intercept at Emu Lake June 2021 - Highway Nickel Deposit - Mineral Resource Estimate 92 million tonnes at 0.69% nickel and 0.038% cobalt June 2021 - Nickel Sulphide Exploration Drilling to Resume at Emu Lake Aug 2021 - CONFIRMATION OF RECORD DATE FOR KALGOLD IN-SPECIE DISTRIBUTION Nov 2021 - Goongarrie Hub Feasibility Study Update Nov 2021 - Nickel Sulphide Discovery Confirmed at Emu Lake Dec 2021 - Emu Lake Nickel Sulphide Discovery confirmed with 2.72m at 5.42% Ni Jan 2022 - Goongarrie Hub Feasibility Study Update Jan 2022 - Confirmation of High-Grade Nickel-Cobalt from Highway Metallurgical Drilling Feb 2022 - There has been a continuation of other activities like FBICRC, gold drilling, annual reports, presentations and exploring, site evaluation and onsite supervision of onsite activities in addition to all of the above. We continue with our DFS as well. I have great respect for the ability for management to manage finances, I do this very well myself and can see the footprints.
Sirgoldinger, the way I see things is that truckloads of work has taken place, we have results to much of this and most has been successful. I can see a path that management are navigating and that is clear, logical and a matter of due process, all the time moving Ardea towards justifying to a partner that Ardea is worth investing in. We are substantially closer to the finish line.
These above reasons are why I am here invested in Ardea Resources. This has taken a little effort, I did this for me, to recap and re-affirm my thoughts and convictions. These beliefs must be challenged regularly so thank you for that. RED
ARL Price at posting:
72.0¢ Sentiment: Buy Disclosure: Held
(20min delay)