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Ardiden Ltd Quarterly Activities Report

Mining News - Published on Thu, 25 Apr 2019

Image Source: SteelGuru
Ardiden Ltd has completed an updated Mineral Resource estimate at Seymour Lake resulting in an aggregate Mineral Resource of 4.83 million tonne @ 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

Source :

Posted By : Sanju Moirangthem on Thu, 25 Apr 2019
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