| Announcement Date: | 2021-12-03 |
|---|---|
| Announcement Type: | Exploration Update |
| Announcement Code: | JORC |
| Company name: | Ardea Resources Ltd. |
| Project name: | KNP |
| Location: | Australia |
| Commodities: | Nickel |
| Highlight: | Diamond drill hole AELD0003 intersects massive nickel sulphide mineralisation |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Ardea Resources Limited (Ardea or the Company) confirms a massive nickel sulphide discovery at its Kalpini Project, 70km northeast of Kalgoorlie, WA (Figure 1 and 2). Ardea’s Kalpini Project covers over 121km2, with the leading nickel sulphide target, Emu Lake, located 70km northeast of Kalgoorlie (Figure 2). This strategic tenement package contains 20km strike of prospective ultramafic stratigraphy held 100% by Ardea and mostly within granted mining leases. The project is 35km east of the Black Swan Nickel Project (Silver Swan mine), operated by Poseidon Nickel Ltd, within a parallel komatiite volcanic belt. The exploration model being applied by Ardea is similar to that modelled at the Silver Swan nickel sulphide mine (Figure 2). Silver Swan has a strike length near surface of less than 50m, but a plunge extent over 1,000m and features very high-grade zones of massive nickel sulphide. |
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