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Ardea Resources Limited has updated the Mineral Resource Estimate (MRE) for the Kalgoorlie Nickel Project (KNP), which now stands at 854Mt at 0.71% Ni and 0.045% Co for 6.1Mt of contained nickel and 386kt of contained cobalt.
The company owns 100% of the KNP and is conducting a Prefeasibility Study for an open pit mining operation at the Goongarrie Hub, with expected release in early July.
A key part of the Prefeasibility Study is assessing Material Types to ensure the nickel-cobalt mineralisation can be effectively used in High-Pressure Acid Leach, Atmospheric Leach, and Mineralised Neutraliser circuits.
Ardea Resources provides an update on exploration activities at Kalgoorlie Nickel Project (KNP) and Perrinvale Project in Western Australia.
The company's tenement portfolio covers over 4,100 km2 and is prospective for nickel, lithium, caesium, tantalum, and rare earth elements.
The ongoing KNP Goongarrie Hub feasibility work streams are a priority and include office studies, metallurgy, environmental and engineering studies, and water exploration drilling at the Siberia prospect.