OTCPK:ARRRF - Post Discussion
Post by
17Digger on Jan 25, 2021 8:50pm
update on Seeking Alpha web site January 2021
From Seeking Alpha January 2021 article https://seekingalpha-com.cdn.ampproject.org/v/s/seekingalpha.com/amp/article/4400795-cobalt-miners-news-for-month-of-january-2021?amp_js_v=a6&_gsa=1&usqp=mq331AQHKAFQArABIA%3D%3D#ampshare=https%3A%2F%2Fseekingalpha.com%2Farticle%2F4400795-cobalt-miners-news-for-month-of-january-2021
Ardea Resources [ASX:ARL] (OTC:ARRRF)
In total, Ardea has 405kt of contained cobalt and 5.46mt of contained nickel at their KNP Project near Kalgoorlie in Western Australia. Ardea is also exploring for gold and nickel sulphide on their >5,100 km2 of 100% controlled tenements in the Eastern Goldfields region of Western Australia.
On January 21, Ardea Resources announced:
Quarterly operations report for the quarter ended 31 December 2020. Ardea remains debt free, with a tight capital structure and strong cash position with $10.9M at the end of the December Quarter. The Company continues to consolidate its large WA project portfolio and focus on the development of the Goongarrie Nickel Cobalt Project [GNCP] and drilling of compelling nickel sulphide and gold exploration targets within Kalgoorlie Nickel Project (KNP) tenure......
Upcoming catalysts include:
- 2021 - Resource update at the GNCP Project to include a scandium and REE component. Possible off-take partner and funding for the GNCP Project. Gold and nickel sulphide exploration results.
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