Ann: December 2019 Quarterly Activities and Cashflow Report, page-18

First 18 Last

Share
Profile

Follow
the squash

2,787 Posts.

739

16/01/20

14:06

Post #: 42414799
Share

Originally posted by Sally_Will: ↑

Seems as though ARL wants us shareholders to better understand "WINNER" as mentioned in the recent quarterly report. I have just received the following email message from Ardea under the heading

PROJECT EXPANSION STUDY

Ardea Resources announced in the December 2019 Quarterly Report, released 13th January 2020, that a project expansion study will be included in feasibility work streams during 2020. We take this opportunity to highlight the following to you.
During 2020, feasibility work streams will also extend to a project expansion study termed “WINNER”, referring to Water, Inpit Neutraliser and Nickel Enhanced Reserve study (WINNER). This initiative will leverage off Ardea’s extensive reserve and resource base additional to its flag-ship GNCP. Other projects within hauling distance, initially the Highway and Siberia North deposits, will be appraised for selective high-grade (>1% nickel) plant feed.
The aim is to optimise plant feed grades to a 2Mtpa Pressure Acid Leach (PAL) plant exceeding 1% nickel for at least the initial 15 years. Options to develop a second 2Mtpa PAL train will also be considered. Ardea is in a unique position of having this resource optionality as it has amongst the largest nickel and cobalt resources in the developed world.

Expand

upping the feed grade by 14%+ should up nickel revenue by 14% and go straight to the bottom line all other things being equal. Will be interesting to see if it affects cobalt grades

ARL Price at posting: 60.0¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply