Ardiden Ltd: Quarterly Activities Report
23.04.2019 | ABN Newswire
Perth, Australia - Ardiden Ltd. (ASX:ADV) completed an updated Mineral Resource estimate at Seymour Lake resulting in an aggregate Mineral Resource of 4.83Mt @ 1.25% Li2O and 186ppm Ta2O5 reported in accordance with the JORC Code (2012)The upgraded Mineral Resource is comprised of:
o North Aubry Deposit
- Indicated Mineral Resource of 2.13Mt @ 1.29% Li2O & 210ppm Ta2O5
- Inferred Mineral Resource of 1.7Mt @ 1.5% Li2O & 189ppm Ta2O5
o South Aubry Deposit
- Inferred Mineral Resource of 1.Mt @ 0.8% Li2O & 128ppm Ta2O5
- The upgraded estimate represents a 400% increase from the previously reported Maiden Mineral Resource of 1.23Mt @ 1.43% Li2O (October 2017)
- Significant spodumene mineralisation extends beyond the defined Mineral Resource of the North Aubry Lithium Deposit
MANAGEMENT TRANSITION
- Ardiden Executive Director & Chief Executive Officer Brad Boyle resigned during the quarter
- The Board has appointed an experienced Geologist and Mining Executive, Mr Rob Longley as Chief Executive Officer
CASH BALANCE at 31 March 2019
- Total AUD Equivalent: A$3.689m
To view the full quarterly report, please visit:
http://abnnewswire.net/lnk/A7F71LQ8
About Ardiden Ltd:
Ardiden Ltd. (ASX:ADV) is an emerging international diversified exploration and development company possessing a mature multi-element asset portfolio, with a near term development pipeline, focused quality projects located in the established mining jurisdiction of Ontario, Canada.
Source:
Ardiden Ltd.
Contact:
Investors: Neil Hackett Ardiden Ltd. Tel: +61-8-6245-2050 Media: Michael Weir / Cameron Gilenko Citadel-Magnus Tel: +61-8-6160-4900