Ardiden Limited (ASX: ADV) is an ASX-listed exploration company focused on discovery and building a significant high-grade gold resource at its Pickle Lake Gold Project, located in north-west Ontario, one of Canada’s most prolific gold mining districts.
The District-Scale Pickle Lake Gold Project consists of 1,088 km2 of highly prospective and connected landholdings with three existing gold deposits (Kasagiminnis, Dorothy and Dobie) and 23 other identified brownfields and greenfields gold prospects. Ardiden has predominately 100% ownership of the Pickle Lake Gold Project with one earn-in at the New Patricia Property, which will also be 100% Ardiden at the end of 2022.
Ardiden has a free carried 20% interest in a Lithium Joint Venture with Green Technology Metals (ASX:GT1). Ardiden’s free carry is until the earlier of completion of a positive Bankable Feasibility Study or a GT1 Decision to Mine. In addition, under the JV, each party retains off-take / marketing rights in the same percentage as their respective JV interest. Ardiden also owns a 6.47% equity holding of GT1.2O. All tenement holdings are ‘in credit’.