ARL 4.00% 52.0¢ ardea resources limited

Ann: Goongarrie Hub Water Extraction Licences Granted, page-4

  1. 3,322 Posts.
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    This is great news and very welcome, we now have 2 approved water licenses and the infrastructure in place.

    On reading a little further it seems that the DFS will most likely not reach completion in the December quarter of this year due to delays related to Covid 19 and laboratory delays.
    While this is a setback that I was not expecting or perhaps not really wanting it may only be a delay of a few months, there is no indication of time in the delay other than pushing back the timeframe.

    On a more positive note: the water licenses are a big deal, absence of them could have been a sticky point with regards a partner discussion progressing.
    This is another milestone met and we progress further down the path to production.
    RED

    (There have been laboratory delays in the ore preparation testwork related to COVID-19 disruption, staff availability
    and assay turnaround times. The impacts of this on the project schedule are being evaluated. It is now unlikely that
    the DFS can be completed in the December Quarter of 2022. Additional updates on the project schedule will be
    provided as more clarity on testwork timing is available.)
    Last edited by RED328: 11/03/22
 
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