Gold...

We've all been so focused on Cobalt and Nickel (and maybe some Zinc)......but it is amazing just how much potential for gold discovery there is in Ardea tenements.

1. Lewis Ponds: Just 15 Km from Lewis Ponds is RRL's McPhillamys 2.2m oz gold resource (@ 1g/t) (along the godolphin fault that has some overlap with Lewis Ponds). RRL says this resource has low stripping ratio and geological continuity at depth. Mineralization has been found from 45m to 350m deep. There are a couple of other resources that are 0.5m oz that are not far from Lewis Ponds (~40Km) - these are Bald Hill (0.5m oz) and Discovery ridge (0.5m oz).

2. Mt Zephyr (~900 sq Km of tenements): <40 Km away is the 2m oz Mt Morgans gold resource and 1.3m oz Jupiter gold resource. Some limited RAB drilling has happened at Mt Zephyr (which tends to be shallow drilling <150m)...so no wonder ARL is talking of doing both RC and Diamond drilling here later.

3. Calarie (~135 sq Km of tenements), Gundagai (~310 sq Km of tenements): Not much exploration work has happened here recently but back a century ago Calarie catchment produced gold at average grades of 11-23 g/t for many years (one mine operated for almost two decades)...these grades seem very high and therefore this area is certainly worthy of further deeper drilling.

There's also 271 sq Km of Restdown tenements, which ARL thinks may be prospective for lithium and tin. Tin was infact mined there in the past.

ARL is not a one trick pony....