ADV 0.00% 12.5¢ ardiden ltd

Completing Due Diligence - Seymour Lake

  1. 84 Posts.
    Attention seems to have turned to Root Lake which is exciting.. But what will be the next steps for Ardiden to complete due diligence at Seymour Lake. More drilling? Determining the MT? JORC compliance? Acquisition of tenement? What do we expect the time frame to be to confirm we have a viable and economical resource?

    Can anyone shed some light?


    Seymour Lake Due Diligence Conclusion

    'Ardiden is very encouraged by these initial drilling results from the Seymour Lake Project, with confirmation of numerous zones of significant high-grade lithium mineralisation within spodumene pegmatite structures close to surface, representing a very positive development which confirms the excellent potential of this project to host a JORC compliant lithium resource.
    These latest results also confirm the high quality nature of the Seymour Lake Project, with the exceptional grades from the maiden drill program highlighting the potential for the project to host a globally significant lithium deposit.
    The Company looks forward to completing the due diligence process on Seymour Lake and to commencing due diligence exploration activities at the recently secured Root Lake Lithium Project.
    The Company will provide further exploration updates as they come to hand.'
 
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