ARL 2.56% 40.0¢ ardea resources limited

News: ARL Wages, activity pick up in Australia's iron ore heartland, page-7

  1. 2,822 Posts.
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    @niclou I have been scratching my head as to why they did the 2.25Mt scoping study on the 83Mt resource only (the cobalt zone at Goongarrie). They left out Siberia and Yerilla, which has 26,800t contained cobalt and 184,600t Nickel (See the resource upgrade from March 2018).

    They also talked initially about a 4Mt option in the early days, but they have also gone quiet on that.

    I can only presume they are taking Siberia and Yerilla off the table for a reason. Why? Well my imagination is running and saying 3rd party processing.

    Screen Shot 2018-08-08 at 8.11.47 am.png

    Siberia/Black range is closest to BHP, so that makes sense.

    Aubilis furthest away to the north, but is very high grade so perhaps the transport cost can be justified? Aubilis is also the furthest away from our core project, so would require transport regardless?

    Screen Shot 2018-08-08 at 8.20.39 am.png
 
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