ARL 5.21% 50.5¢ ardea resources limited

Why the drop?, page-30

  1. 2,989 Posts.
    lightbulb Created with Sketch. 47
    http://www.*.com.au/companies/news/...rade-cobalt-nickel-at-black-range-179184.html

    Ardea Resources confirms high-grade cobalt, nickel at Black Range
    Share
    10:30 14 Jun 2017
    The company intercepted an extensive blanket of cobalt and nickel.
    http://www.*.com.au/thumbs/upload/News/Image/2017_06/757z468_shutterstock_255801724_59405e1ce5c75.jpg
    Work has commenced to upgrade the resource
    Ardea Resources (ASX:ARL) has received drilling results confirming high-grade cobalt and nickel mineralisation at the Black Range project near Kalgoorlie in Western Australia.

    The Black Range project is part of Ardea’s KNP Cobalt Zone containing 49.7 million tonnes at 0.12% cobalt and 0.86% nickel.


    Ardea drilled a series of 27 reverse circulation drill holes during March and April 2017 totalling 1,996 metres.

    The company intercepted an extensive blanket of strong cobalt and nickel mineralisation, including:

    - 10 metres at 0.12% cobalt and 0.74% nickel from 16 metres; and
    - 16 metres at 0.16 % cobalt and 0.74 % nickel from 60 metres.

    The continuity at a significantly higher cut-off value of 0.10% cobalt underscores the high quality of the deposit.

    Ardea’s drilling also highlighted potentially significant occurrences of scandium, with accessory platinum-palladium and chromium mineralisation.

    Work has commenced on upgrading the cobalt resources at Goongarrie Hill and Scotia Dam. These are smaller resources that are expected to be completed quickly.

    Work will then commence on upgrading the Black Range resource, which will include all new data generated by the recent drill program.

    With a historic resource of 20.1 million tonnes at 0.75% nickel and 0.10% cobalt, Black Range already constitutes a significant proportion of the KNP Cobalt Zone resource.
 
watchlist Created with Sketch. Add ARL (ASX) to my watchlist
(20min delay)
Last
50.5¢
Change
0.025(5.21%)
Mkt cap ! $100.8M
Open High Low Value Volume
49.0¢ 52.0¢ 48.5¢ $19.80K 39.06K

Buyers (Bids)

No. Vol. Price($)
1 2464 50.5¢
 

Sellers (Offers)

Price($) Vol. No.
52.0¢ 10000 1
View Market Depth
Last trade - 15.59pm 28/06/2024 (20 minute delay) ?
ARL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.