THE BOURSE WHISPERER: Ardiden Limited (ASX: ADV) reminded the market that apart from its Canadian gold projects it also has 100 per cent-owned hard-rock lithium projects.
Ardiden holds full ownership of three high-grade, low impurity lithium projects, comprising 95 square kilometres.
This lithium portfolio includes a 4.8 million tonnes at 1.25 per cent lithium (Li2O) JORC Resource and an Exploration Target of a further 4.5 to 7.2 million tonnes at 0.8-2 per cent Li2O at the Seymour Lake lithium deposit.
Metallurgical testwork by Ardiden on Seymour concentrate confirmed achievement of +99.5 per cent Standard Battery grade Lithium Carbonate product.
Ardiden indicated it is exploring strategic alternatives for its lithium projects to unlock shareholder value, including options such as retention, potential sales, spin-offs, joint ventures or business collaborations, subject to shareholder and regulatory approvals, as required.
“Ardiden is well positioned to extract benefit from re-invigorated interest in the Critical Minerals sector,” Ardiden managing director and CEO Rob Longley said in the company’s ASX announcement.
“Lithium is a key ingredient in rechargeable batteries used in electric vehicles (EV’s).
“The company’s three high-grade lithium projects are in close proximity, and well connected to the rapidly expanding US EV battery market.
“While we remain firmly committed to our gold exploration at Pickle Lake, have received significant interest in our lithium assets and are working diligently to deliver the best possible value to Ardiden shareholders.”
ROB LONGLEY RECENTLY SPOKE WITH THE RESOURCES ROADHOUSE ABOUT THE LITHIUM PROJECTS: WATCH IT NOW
TO READ THE FULL ANNOUNCEMENT: CLICK HERE