Resource Update at KNP Cobalt Zone delivers over 100 million tonnes
Significant increase in resource defined in preparation for the PreFeasibility Study mining schedule
• An updated KNP Cobalt Zone resource has increased markedly to 108.3 Mt at 0.10 % cobalt and 0.79 % nickel1 o Includes over 108,000 tonnes of contained cobalt metal and over 856,000 tonnes of nickel metal
• Increased tonnages are from Goongarrie area: o Reflects revenue-driven cobalt and nickel focus for mining schedules defined for the PFS on the Goongarrie Nickel Cobalt Project with increased inclusion of nickel blocks o Reported resources are captured within conceptual PFS pit shells o Shallow, lateritic, cobalt-nickel mineralisation is up to 16 km long and 1 km wide.
• PFS finalisation progressing
Ardea Resources Limited (ASX: ARL, “Ardea” or “the Company”) is pleased to announce updated resources to support the Pre-Feasibility Study (PFS) on our prime development project, the Goongarrie Nickel Cobalt Project (GNCP). The resources are significant upgrades and represent the initial cobalt and nickel mining inventory that the Company intends to develop at Goongarrie.
