Ardea Resources Limited reported that assay results for recently completed drillhole, AELD0002, confirm komatiite-hosted basal nickel sulphide located above a felsic volcanic footwall contact at the Emu Lake Prospect, 70km north-east of Kalgoorlie. Emu Lake lies within Ardea's wholly owned Kalpini nickel laterite hub and is part of the Kalgoorlie Nickel Project (KNP). Kalpini contains a sequence of ultramafic flows with proven Silver Swan/ambalda-style basal flow nickel sulphide endowment. AELD0002 was drilled by Ardea in April 2021, targeting a strong down-hole electromagnetic (DHEM) anomaly 50m north of AELD0001 and intersected 0.65m of massive and semi-massive nickel sulphides and 1.1m of matrix and disseminated nickel sulphides. Assays for this zone returned: 1.1m @ 4.78% Ni, 0.16% Cu, 0.47g/t Pt, 0.20g/t Pd from 366.9m (semi- massive sulphide), within a broader zone of: .8m @ 1.44% Ni, 0.09% Cu, 0.20% Pt, 0.09g/t Pd from 365.9m (including the disseminated zone down to a cut-off of 0.3% Ni). This represents one of the best nickel sulphide intercepts at Emu Lake to date and demonstrates the prospectivity of this new western ultramafic position that has received minimal attention from historic exploration, thus opening up an entirely new target horizon. Ardea's key focus continues to be the development of the Kalgoorlie Nickel Project (KNP), commencing with the Goongarrie Hub, to ensure ethical and sustainable nickel-cobalt and scandium production for the rapidly expanding lithium-ion battery supply chain. However, Ardea's strategic tenure in the heart of the Eastern Goldfields of Western Australia is also highly prospective for both nickel sulphide and Critical Minerals with active exploration complementing the future development of the KNP. It is important to note that any nickel sulphide discovery, as well as processing as a conventional sulphide flotation concentrate, has the potential to be processed through the High Pressure Acid Leach (HPAL) autoclave planned for Ardea's Goongarrie Hub and has the added benefit of helping control autoclave oxidising potential and typically improving metal recoveries. As such, the nickel sulphide exploration strategy complements Ardea's nickel laterite development plans. Remobilised stringer nickel sulphide mineralisation intersected in Ardea drill hole, AELD0001, confirmed the project prospectivity, but the nickel sulphides had been re-mobilised into a shear zone within intermediate volcanics. The primary source is considered to be a massive sulphide accumulation within a nearby komatiite host rock. Down hole electro-magnetic (DHEM) surveying of this hole returned a very strong conducter 50m to the north of AELD0001 Assays results for AELD0002 have now been received and have confirmed the sulphide zone as logged: 1.1m @ 4.78% Ni, 0.16% Cu, 0.47g/t Pt, 0.20g/t Pd from 366.9m downhole consisting of semi-massive and matrix-style nickel sulphides, within a broader zone of: .8m @ 1.44% Ni and 0.09% Cu 0.20g/t Pt, 0.09g/t Pd from 365.9m depth. This represents one of the better nickel sulphide intercepts at Emu Lake to date and demonstrates the prospectivity of this new western ultramafic position that has received very little attention in the past. Most drilling has been concentrated on the Binti Main Zone to the north and has intersected thin often remobilised stringers of high -grade nickel sulphides. As previously reported (ASX release 27 April 2021) DHEM surveys on AELD0002 generated a strong off-hole response directly south and below the intercept providing a target for future drilling. The DHEM is indicating the massive sulphides could extend down dip as relatively narrow, but depth extensive ribbon of nickel sulphide mineralisation, similar to the Silver Swan mineralisation. As shown in Figure 5, the stratigraphy is dipping steeply east and has been slightly overturned with the way-up to the west. The drillhole has intersected the stratigraphy at a steep angle and true widths are probably marginally less than those stated here, however, there is not enough information to accurately define the true width of the mineralisation at this stage. Surface EM surveys have not been able to detect these sulphides, demonstrating the potential to open up a previously un-tested, albeit deeper, search space at Emu Lake. A Mise al la Masse survey is being conducted on the AELD0002 sulphide zone as a further tool to map out the nickel sulphides along the target contact. The drilling of AELD0002 will be partly funded (50% of drilling costs) through the Geological Survey of Western Australia's Exploration Incentive Scheme and the Company is appreciative of the assistance provided through this proactive State Government initiative.