(MENAFN- ABN Newswire)
March 2018 Quarterly Activities Report Perth, April 26, 2018 AEST (ABN Newswire) - Ardiden Ltd ( <>
HIGHLIGHTS
SEYMOUR LAKE LITHIUM PROJECT, Ontario (100%-owned)
- Exploration drilling and 2,000m diamond drilling campaigns commenced at the Seymour Lake Lithium Project
- Thick high-grade lithium intercepts continue to increase potential to expand maiden resource at Seymour Lake Lithium Project
- Multiple Spodumene-Bearing Pegmatites intersected at flagship Seymour Lake Lithium Project
Post Quarter
- 100 new highly prospective drill-target locations identified at Seymour Lake
METALLURGICAL TESTWORK
- High purity battery grade lithium carbonate produced from Seymour Lake concentrate
o Battery grade Lithium Carbonate at 99.52% Li2CO3 produced from initial downstream processing testwork by leading producer Shandong Ruifu Lithium Co. Ltd
o Testwork confirms high purity Li2CO3 can be made from the spodumene concentrate obtained from the Seymour Lake Lithium Project bulk sample and demonstrates robust conversion and recovery rates
o Strategic development partner Yantai continues to complete extensive metallurgical testwork programs on the spodumene bulk samples
BOLD PROPERTIES PROJECT (COBALT-COPPER-NICKEL), Ontario (Option to own 100%)
- Acquired the Bold Property Cobalt-Copper Project
CORPORATE
- Oversubscribed share placement completed raising $2,250,000.
- A$15m Funding Facility agreed with Long State Investments Limited which provides flexible project funding options
- General Meeting of Shareholders held on 13 February 2018
- New company secretary appointed and change of registered office
- Half Yearly Report and Accounts for the half year ending 31 December 2017 lodged on 15 March 2018
To view the full report, please visit:
http://abnnewswire.net/lnk/I3C239W8
About Ardiden Ltd
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