Ardea Resources Limited provided a drilling update. Emu Lake core hole, AELD0003, has confirmed a high-grade massive nickel-copper-PGE sulphide discovery on an intact felsic footwall contact. significant results from this round of drilling include: AELD0003: 2.72m at 5.42% Ni and 0.85% Cu from 391.04m including 1.23m at 8.22% Ni and 0.56% Cu from 391.04m.

Following detailed interpretation, this high grade massive sulphide intersection has delineated a new fertile target horizon, the "Western Ultramafic-Dacite contact." Ardea 2021 results drilled into this same channel system include AELD0002: 4.8m at 1.44% Ni and 0.16% Cu from 365.9m including 1.10m at 4.78% Ni and 0.16% Cu from 366.9m. AELD0001: 0.65m at 2.95% Ni and 0.08% Cu from 336.7m (ASX 2/3/21). Results confirm a fertile nickel sulphide horizon, the Western Ultramafic: AELD0003 is showing increased massive nickel (Ni) and copper (Cu) sulphide grade and thickness on an intact, basal dacite contact.

High grade massive sulphides up to 8.3% Ni, with mineralisation open in all directions. The fertile horizon, the "Western Ultramafic," opens a new exploration search space, with Ardea controlling 20km of strike on this compelling target zone.