"With the profusion of gold targets being generated by the current work programs, consideration will be given to a corporate separation of the Ardea WA gold and nickel assets, along the lines of the Ardea 2019 spin-out of the NSW gold assets into Godolphin Resources Limited. If such were to crystallise, Ardea shareholders would receive an in specie share distribution as they did for Godolphin. Please refer to cautionary note regarding forward-looking information on page 8."
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