ADV 0.00% 14.5¢ ardiden ltd

Todays results Earlier drills SL-40's to early 50's LOH 50m Av...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,848 Posts.
    lightbulb Created with Sketch. 1920
    Todays results
    Earlier drills SL-40's to early 50's
    LOH 50m
    Av seam 13m
    Pit size 250 by 300 for 1mlcu/m
    Av grade 1.33%

    Later drilling. Grade not received as yet. SL- 70's and up
    LOH 100m
    Av seam increased to 16-25m
    Pit size 250 by 300 for 1.2-2.5mlcu/m

    Early days yet as today's results only account for a 100 by 100m S/West zone.
    My opinion is as follows;
    * Wrong side of sheer zone (S/West) so expect next assays to be better.
    * Above 1% av grade economically viable.
    * Possible extra lower seam at 60m+ RL of up to 20m
    * 50 holes returned 2.1% for a DSO of 2%
    * Super high grade of tantilium, noblium and berylium, lithium spodumene which is exactly the highest quality white spodumene manufacturers are looking for.
    * Estimated tonnages targeted 2.5mt with next assays at sheer zone N/East and West.
    * SL 72-73 gives a possibility to expose lower seam which could double tonnages.
    * Due to topography, SL-71 was drilled lower down hill (less overburden by 25m) and uncovered 3 lower seams totalling 18m hence decision to drill deeper at SL-72 and 73 for a av return of 14-15m lower seam at both so increase potential overall is encouraging.
    * Due to quality of product, a simple crush, grind, float and skim operation for a low CAPEX.
    * Second samples were sent a week apart so expect another drilling ANN before xmas.
    * Early indication show high quality boutique deposits scattered throughout 5km strike.
    * Side of hill access straight into upper deposit should see a low OPEX operation.
    * Central Aubry indicating connection to South Aubry. Will be targeted in stage 2 drilling.

    Graphite
    *Aiming at 5-6mt @ 6% Av JORCed
    * High quality large to jumbo flake again for a low CAPEX refining circuit of crush, grind, float and skim.

    Looking forward to the next set of assay's.
    Cheers
 
watchlist Created with Sketch. Add ADV (ASX) to my watchlist
(20min delay)
Last
14.5¢
Change
0.000(0.00%)
Mkt cap ! $9.065M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 6473 14.5¢
 

Sellers (Offers)

Price($) Vol. No.
15.0¢ 36786 2
View Market Depth
Last trade - 07.00am 04/11/2024 (20 minute delay) ?
ADV (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.