Ardiden Limited (ASX: ADV) – $0.005
02 Feb 2015
Ardiden Limited (ASX: ADV) has completed the acquisition of 100% ownership of the Manitouwadge Graphite Project in Ontario, Canada.
The Manitouwadge Graphite Project covers an area of 3,400 hectares. Historical metallurgical testwork on outcropping graphite indicates that the area has a high proportion (55%) of jumbo and large flake graphite (Figure 1).
Figure 1. Visible flake graphite on underside of channel sample
Results from work undertaken on the project indicate that simple, low cost gravity and flotation beneficiation techniques can result in graphite purity levels of up to 94.8% for jumbo flake and 94.0% for large flake.
An initial drilling program is planned in the near future to test high priority graphite targets.
For further information, visit www.ardiden.com.au
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