Ardea Resources has provided an update on the execution of its growth strategy at its two flagship projects – the KNP Cobalt Zone in WA and the Lewis Ponds zinc-gold project in NSW.
Ardea said the diamond drill rig has been deployed at the Lewis Ponds project in NSW, with drilling to commence today.
“The first phase of drilling will comprise four diamond drill holes, each on section lines that are 200m apart,” reads the company’s ASX statement.
“This will mark the first drilling for Ardea’s bulk tonnage open pit target model for the development of Lewis Ponds.”
Ardea said statutory approvals are in place for the proposed reverse circulation drill program at Kalpini, where drilling is expected to commence in March.
“The aim of the program is to investigate and infill highly anomalous cobalt intercepts, which will test whether Kalpini can be added to the high-grade KNP Cobalt Zone,” reads the statement.
“This program is effectively a pilot program for promoting other outlying cobalt anomalies to the KN Cobalt Zone.”
At Black Range in the KNP Cobalt Zone, Ardea intends to investigate the style and continuity of high-grade cobalt mineralisation in order to facilitate upgrading the resource.
“Statutory approvals have been submitted to the WA Department of Mines and Petroleum (DMP),” the company noted.
“Approval of our program is expected in the coming weeks, with drilling to be dome back to back with Kalpini program.”
Ardea also announced that preparations are underway at Goongarrie, Highway and Black Range in the KNP Cobalt Zone to generate fresh drillcore for metallurgical sampling and testing.
“Modelling of geometallurgical unit distributions is being finalised, and drill holes will be positioned accordingly,” it says in the statement to the ASX.
“Statutory drilling applications will be lodged with DMP shortly, with drilling commencing in April.”