(MENAFN- ABN Newswire)
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
Ardiden Limited ( 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.
Investors:Neil HackettArdiden LtdTel: +61-8-6245-2050Media:Michael Weir / Cameron GilenkoCitadel-MagnusTel: +61-8-6160-4900
MENAFN2204201901110000ID1098425972
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.