Will history repeat itself?, page-49

Lithium Option exercised with Green Technology Metals Limited (GTM) to deliver up to $9.2M
value to Ardiden, inclusive of a minimum $3.25M in cash, subject to shareholder approval.
 Recent airborne geophysicsflown over the Western Hub of Ardiden’s Pickle Lake Gold project
reveal additional Tier 1 scale targets.
 First Nation negotiations stepped-up at Pickle Lake as COVID-19 restrictions ease in Ontario.
Ardiden Limited (‘Ardiden’ or ‘the Company’) (ASX: ADV) is pleased to report on June Quarterly Activities at its
highly prospective Pickle Lake Gold Project and hard rock Lithium Projects in northwest Ontario, Canada.
The Pickle Lake Gold Project consists of a District-scale 870km2 (87,000 hectares) highly prospective gold
landholding within the well-endowed Uchi Geological Subprovince (Figure 1).
In addition to 3Moz of past gold production at Pickle Lake, the Uchi also hosts the 30Moz Red Lake Gold Mining
centre 180km west of Pickle Lake, and the 5Moz Musselwhite mine 120km to the north.
Figure 1- Location of Ardiden's Pickle Lake Gold Project within the Uchi Geological Subprovince of Ontario, Canada.
LITHIUM ACTIVITIES – JV to deliver up to A$9.2M value to Ardiden
With its non-core lithium assets in northwest Ontario, Ardiden has signed an agreement with a highly
experienced lithium development team at Green Technology Metals (GTM), who have exercised their Option
to form a Joint Venture with Ardiden, and progressively acquire up to 80% ownership of the lithium tenements
for A$9.2M, subject to shareholder approval (refer ASX announcements 23 June and 28 July 2021