Ardea Resources Limited provided an update on exploration activities within its Kalgoorlie Nickel Project (KNP) and Perrinvale Project in the Eastern Goldfields of Western Australia. The Company tenement portfolio covers over 4,100km2 and is one of the largest land holdings over nickel prospective ultramafic stratigraphy in Australia. The significant land holding is also prospective for other Battery and Critical Minerals such as Lithium-Caesium-Tantalum (LCT) elements and Rare Earth Elements (REE).

The ongoing KNP Goongarrie Hub feasibility work streams continue to be the Company priority and include office studies such as detailed open pit mining production schedules, bench-scale metallurgy, environmental and engineering studies, and field based water exploration drilling at the Siberia prospect. Fifty water exploration holes have been planned, with results to form part of the current Prefeasibility Study (PFS). In addition to the PFS work programs, compelling Battery and Critical Mineral exploration opportunities continue to be evaluated over Ardea's Eastern Goldfields of Western Australia land holding.

The mapping and sampling has identified pegmatites >10m thick with variable mineral species at multiple sites over a 6km strike, with additional pegmatite swarms recently identified on the east and west side of the internal granite. Another 20 rock chip samples have recently been taken and submitted for assay. The positive indicators to date warrant further lithium exploration at Ghost Rocks which the Company is pursuing.

In addition, one sample had elevated V-Ti-Fe (0.32% V2O5) in a possible weathered ultramafic which will be followed-up. Exploration has continued at the Perrinvale Project, which has had no previous exploration for LCT pegmatites or komatiite-hosted nickel sulphides. Assay results were returned from the first round rock chip sampling program (30 samples), with no significant LCT results.

The northern portion of the tenement with previously mapped pegmatites has just recently been assessed with a four-day field sampling and mapping program, with assays pending. Extensive outcropping prospective fractionated pegmatites were identified (25 pegmatites sampled), the largest extending >200m along strike and up to 20m thick. Most of the pegmatites occur at the contact between different geological units.

Field sampling of the untested komatiite ultramafic that extends for 10km strike was also completed, with assay results to assist in determining any prospective nickel sulphide basal contact. A possible extensive gossanous unit was also identified which has been sampled to determine any associated nickel sulphide prospectivity.