Ardiden Fundamentals

Ardiden Limited (ASX: ADV) is an ASX-listed exploration company focused on building a compelling gold resources at its 100%-owned Pickle Lake Gold Project in one of Canada’s most prolific gold mining districts in Northwest Ontario, Canada.

The project consists of over 664km2 of highly prospective landholding across three Deposits, Kasagiminnis (Kas), Dorothy and Dobie Gold Deposit.

Ardiden has a maiden Inferred 110,000oz high-grade gold resource (790,000t @ 4.3g/t Au) at the Kasagiminnis Gold Deposit and in May 2020 defined an exploration target of 500,000oz to 1.2Moz @ 3.9 – 6.6g/t Au. The Deposit represents only a small section (600m) of a continuous 120km strike length at the flagship Pickle Lake Gold Project..

During 2020, Ardiden aims to build on this Resource at Kasagiminnis with definition drilling as well as applying modern exploration technique to unlock value at its highly prospective numerous prospects, identified in June 2020 through interpretation of various geological and geophysical data sets. Initial exploration of these targets has been very encouraging.

Ontario is a tier-one mining jurisdiction and produced 2.5Moz gold in 2018, nearly half of Canada’s total annual gold production. The Province hosts 18 active gold mining projects..

Ardiden also has 100% ownership of the Seymour Lake Lithium Project in Ontario, where it is seeking a partner or alliance to draw value from the project, as well as other lithium interests in Ontario including the Root Lake and Wisa Lake Lithium Projects.

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Projects Highlights

  • ONTARIO – tier-one mining jurisdiction

    Ontario, Canada

    Ontario produced 2.5 million ounces of gold in 2018, nearly half of Canada’s annual gold production (6Moz). The Ontario Mining Association listed nearly 20 producing gold mines in 2019.

  • PICKLE LAKE GOLD PROJECT

    Kasagiminnis

    The Pickle Lake Gold Project is 100% owned by Ardiden and consists of four major gold properties covering an area of 90km x 25km, offering significant upside exploration potential.

  • SEYMOUR LAKE LITHIUM PROJECT

    Ontario

    In March 2019, Ardiden announced a Mineral Resource Estimate of 4.80Mt @ 1.25% Li2O and 186ppm Ta2O5, representing a 400% increase on the maiden resource estimate of 1.23Mt @ 1.43% Li2O (October 2017).

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