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ARL, ARDEA RESOURCES LIMITED
blacksheep
post Posted: Dec 14 2017, 08:50 AM
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Posts: 6,791
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In Reply To: blacksheep's post @ Dec 11 2017, 12:48 PM

Extensive scandium complements the cobalt-nickel deposits of Goongarrie South
QUOTE
Completion of resampling of historic pulps confirms scandium throughout
the focus area of initial mining at the KNP Cobalt Zone
• Scandium mineralisation is extensive at Goongarrie South, usually
sitting above or coincident with the cobalt and nickel mineralisation.
• Intercepts proximal the Goongarrie South deposit area include:
› GSDD0004, 8.6 m at 147.7 g/t scandium from 12 m
› GSRC0334, 35 m at 96.1 g/t scandium from 19 m1
› GSRC0524, 18 m at 62.5 g/t scandium from 18 m
› GSRC0571, 14 m at 105.3 g/t scandium from 15 m
› GSRC0688, 22 m at 67.2 g/t scandium from surface
› GSRC1035, 16 m at 77.6 g/t scandium from 4 m
› GSRC1036, 8 m at 127.5 g/t scandium from 20 m




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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: bg99  
 
blacksheep
post Posted: Dec 11 2017, 12:48 PM
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In Reply To: blacksheep's post @ Nov 20 2017, 01:41 PM

Updated chart - SP currently $1.34. SP might continue to struggle until the release of the PFS in 1Q2018

QUOTE
Delivery of the Pre-Feasibility Study
The definition of a HPAL-MS flowsheet provides direction for the final leg of the Pre-Feasibility Study
(PFS).

With test work on schedule to be completed by Simulus before Christmas, interrogation and analysis of
the data generated, followed by detailed refinement of the proposed flowsheet will be undertaken in the
New Year. These final results will be incorporated into the PFS document for release in the first quarter of
2018.





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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 20 2017, 01:41 PM
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Posts: 6,791
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In Reply To: blacksheep's post @ Nov 9 2017, 09:44 AM

Came down from recent high of $2.20 to $1.54. Showing possible signs of the next leg up ? Plenty of bot activity. Currently $1.68
https://www.shortman.com.au/stock?q=arl
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 9 2017, 09:44 AM
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Posts: 6,791
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In Reply To: blacksheep's post @ Nov 2 2017, 07:57 PM

QUOTE
Regal Funds Management - aka The King of Shorts - recently became a subholder - 6.63%,. then promptly sold circa a mil.

7/11/17 ann shows Regal Funds ceased to be a Substantial Holding - offloading 481k shares - consideration of $1.14 - $1.48/share.
SP currently $1.815 - up 12.73%
https://www.shortman.com.au/stock?q=arl
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 6 2017, 11:17 AM
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Posts: 6,791
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In Reply To: blacksheep's post @ Nov 3 2017, 01:37 PM

Following the trend of other Co, Ni, Sc stocks - CLQ & AUZ - up. Currently $1.655 and up 6.77%
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 3 2017, 01:37 PM
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Posts: 6,791
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In Reply To: blacksheep's post @ Nov 2 2017, 07:57 PM


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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 

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blacksheep
post Posted: Nov 2 2017, 07:57 PM
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In Reply To: bg99's post @ Nov 2 2017, 03:26 PM

Sounds like a reasonable appointment announced today. Regal Funds Management - aka The King of Shorts - recently became a subholder - 6.63%,. then promptly sold circa a mil. Not showing to much interest from shorters at the moment - https://www.shortman.com.au/stock?q=arl

QUOTE
Appointment of Sarah Mitchell as General Manager – Technical Services
Ms Mitchell will focus on completion of the Pre-Feasibility and Definitive
Feasibility Studies of the KNP Cobalt Zone
The Board of Ardea Resources Limited (Ardea) is pleased to advise that it has
appointed Ms Sarah Mitchell as General Manager – Technical Services,
effective immediately.
Ms Mitchell brings a comprehensive process design and commissioning
background, having 20 years’ experience in mining and engineering projects,
from evaluation through pre-feasibility, feasibility and detailed design stages
across a series of cobalt and nickel projects, and copper, uranium, iron ore,
mineral sands, and gold projects.
Having worked on a broad project portfolio, ranging from small concentrators to
complex, billion-dollar hydrometallurgical process plants, Ms Mitchell is well
equipped to spearhead the Pre-Feasibility Study (PFS) and Definitive Feasibility
Study (DFS) phases of Ardea’s KNP Cobalt Zone project, through her previous
work on projects including:
• Níquel do Vermelho nickel laterite project, Brazil
• Syerston nickel-cobalt-scandium laterite project, NSW
• Tenke Fungurume copper-cobalt project, DRC

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
bg99
post Posted: Nov 2 2017, 03:26 PM
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In Reply To: blacksheep's post @ Sep 15 2017, 01:49 PM

Nearly double that placement price already, up 12% today..... this is a big resource if the economics stack up with upcoming feasibility studies

 
blacksheep
post Posted: Sep 15 2017, 01:49 PM
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Completed a share placement/CR - both @ 72.5c/share - and will have circa $12m cash upon settlement

QUOTE
Funds raised will be used to accelerate KNP Cobalt Zone drill programs (previously scheduled for 2018) which will expedite completion of the KNP PFS and bring forward the KNP DFS.


QUOTE
Ardea Resources Limited (ASX:ARL) is a cobalt exploration and development company
focussed on developing its 100% owned flagship Kalgoorlie Nickel Project (KNP)
Largest Cobalt Resource in the Developed World

• 773Mt at 0.05% Co including high-grade Cobalt Zone of 64.4Mt at 0.13% Co
• $50m spent on historical drilling and metallurgy work by previous owners with circa 400,000 metres of historical drilling

Excellent Liquidity
$76m of shares trading year to date equating to 1.26 times current market cap of $60m

Optionality Play
Ardea provides more leverage to the price of Cobalt then any other public vehicle globally,offering significant relative value compared to nickel-laterite peers*.

Clear Path to Production
PFS completion Q1 2018 ($5 million), DFS completion 2019 (~$20 million) and commencement of Stage 1 Development in 2020 with relatively low CAPEX


Still a lot of work to do, but the cobalt "boom" is putting a rocket under most wannabees. ARL up currently 3.41% @ 91c/share - watch out for SOF's selling
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 



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