ARL 6.67% 56.0¢ ardea resources limited

This tenement application is for an L licence - which means a...

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    This tenement application is for an L licence - which means a miscellaneous licence.
    This type is for proposed roads or pipelines or other infrastructure, not for mining.
    Very necessary in the scheme of things.

    The one to watch is the grant of mining application M31/493 which is a big application in the Boyce Creek area.
    Covers a proven highly fertile ultra mafic unit.
    Heron & Vale drilled up an indicated resource of contained metal around 200kt Ni & 16kt Co back around 2008 in only a small part of the unit. Grades were good and appear in current resource reports.
    It must be close to grant as the application has been travelling along for well over one and a half years.
 
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