Ann: RIU Explorers Conference Presentation, page-2

Another great presentation by the team.
Three very important things I would like to highlight, these are the gamechangers as I see it

1 Nickel and Cobalt
- Goongarrie High Grade, 60 M/t at 1.0% Nickel and 0.074 % Cobalt. Folks that fits nicely with NCM 811 batteries.
- This is a globally significant number because for a Laterite to pay 1% discharge nickel from the autoclave is an outstanding achievement,the fact we can do this for 25 years makes the economic case so much more attractive to potential partners.
- The fact that we can produce MSP, MHP is great, BUT the gold standard P-CAM formulation for batteries will supercharge our returns.
- Refer https://fbicrc.com.au/wp-content/uploads/2020/07/Li-ion-Battery-Cathode-Manufacturing-in-Aust-1.pdf Page 81 and you will see the current P-CAM pricing compared to Sulfate pricing. (This is a big deal)

2 Scandium
- Our maiden JORC Scandium resource is the largest known in the world.
- To put this into perspective CLQ has a scandium resource of 10,300 tonnes total.
- Ardea has a maiden Jork scandium resource for Goongarrie only of 74,000 tonnes, Ardea has 7,18 times that of CLQ ( Reference page 8 of the presentation)
- The entire KNP scandium resource is 2590 tonnes. Globally significant.
- Ardea is in a very strong position on this alone, Scandium is a company maker in its own right.

3 Gold
- Ardea is blessed with incredible gold resources, some of this is already JORC compliant, some still being drilled and explored.
- The fact that there is so much gold in our WA tenements, we are spinning out a new ASX listed company to take advantage of this gold abundance.
- Ardea will also keep some of these gold resources inhouse to assist with inhouse finances and to attract a partner to fund the nickel plant.

4 Nickel Sulfide
- Folks we know we have nickel sulfide, more on this will be known soon
- Another game changer.

Folks we have an incredible future and I am very excited.
No one is getting my shares.
RED