Ardiden Ltd.: Hits Spodumene-Bearing Pegmatites at Seymour Lake

Perth - Further to its ASX announcement of 31 March, diversified minerals explorer and developer Ardiden Ltd. (ASX:ADV) is pleased to advise the Phase 2 resource delineation diamond drilling program at its Seymour Lake Lithium Project in Ontario, Canada with the first diamond hole intersecting spodumene-bearing pegmatite.

HIGHLIGHTS:

- ~2,800m diamond drilling program now underway at Seymour Lake Lithium Project, Canada

- Phase 2 results to underpin and expand maiden JORC 2012 Mineral Resource

- First drill hole has already intersected multiple layers of spodumene-bearing pegmatite structures

The Company has successfully established the necessary access roads and drill pads at the site with the diamond drill program commencing swiftly.

Subject to results, the current phase of drilling may comprise up to 2,800m of diamond drilling.

Ardiden confirms that the site conditions at the moment are favourable, with the first drill hole completed to a depth of approximately 100m and the second hole currently in progress.

The Company is pleased to advise that the first drill hole has successfully intersected a number of sections of the key spodumene-bearing pegmatite structures which are the main target of the drilling.

Once the drill core has been logged, cut and prepared, the drill samples will be sent to Activation Laboratories in Thunder Bay for assay and metallurgical testing. As previously advised, the diamond drilling program is designed to target the immediate project area around the North Aubry prospect, which is located within an extensive 5km long pegmatite zone, identified during the mapping and sampling campaign completed in 2016.

The Phase 2 program has been designed to test the extensions of the lithium mineralisation zones on the western and northern aspects of the North Aubry prospect and to test the possible pegmatite feeder zone on the western edge of the prospect structures.

Further, Ardiden will evaluate and drill test the idea of possible dilation along the feeder zone, which may strike south towards Central Aubry prospect and could explain some of the similarities between the two prospect areas.

If this interpretation of the geology is confirmed, there will be a strong potential to significantly expand the size of the lithium mineralisation zones and as such increase the size of any potential lithium deposit.

Ardiden looks forward to providing further updates as they come to hand.

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About Ardiden Ltd:

Ardiden Ltd. (ASX:ADV) is an emerging international strategic metals company which is focused on the exploration, evaluation and development of two 100 per cent owned projects located in the established mining jurisdiction of Ontario, Canada.



Contact:

Investors: Brad Boyle Executive Director
Ardiden Ltd.
Tel: +61-8-6555-2950

Media: Nicholas Read Read Corporate
Mobile: +61-419-929-046