ARDEA RESOURCES LIMITED

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Appointment of Sarah Mitchell as General Manager – Technical Services

ASX & Media Release

2 November 2017

ASX Symbol

Ms Mitchell will focus on completion of the Pre-Feasibility and Definitive Feasibility Studies of the KNP Cobalt Zone

ARL

Suite 2, 45 Ord St West Perth WA 6005

The Board of Ardea Resources Limited (Ardea) is pleased to advise that it has appointed Ms Sarah Mitchell as General Manager – Technical Services, effective immediately.

PO Box 1433 West Perth WA 6872

Telephone

Ms Mitchell brings a comprehensive process design and commissioning background, having 20 years’ experience in mining and engineering projects, from evaluation through pre-feasibility, feasibility and detailed design stages across a series of cobalt and nickel projects, and copper, uranium, iron ore, mineral sands, and gold projects.

+61 8 6244 5136

Email

[email protected]

Having worked on a broad project portfolio, ranging from small concentrators to complex, billion-dollar hydrometallurgical process plants, Ms Mitchell is well equipped to spearhead the Pre-Feasibility Study (PFS) and Definitive Feasibility Study (DFS) phases of Ardea’s KNP Cobalt Zone project, through her previous work on projects including:

Website

www.ardearesources.com.au

Directors

Katina Law Chair

Níquel do Vermelho nickel laterite project, Brazil
Syerston nickel-cobalt-scandium laterite project, NSW

Matt Painter Managing Director

Tenke Fungurume copper-cobalt project, DRC
Goro nickel laterite Project, New Caledonia

Ian Buchhorn Technical Executive Director

Ms Mitchell has been instrumental in the successful implementation of these and other projects, managing project budgets and schedules, pre-feasibility, feasibility and value engineering studies, design reviews, team management, contract management, governance and due diligence processes, engineering package development and bid review, plant optimisation and metal accounting.

Issued Capital

Shares 80,711,168

Unlisted options 12,310,022

In this new position with Ardea, Ms Mitchell will be responsible for ensuring the successful delivery of the Company’s strategic production plan for the KNP Cobalt Zone. The role will assist in managing the feasibility, design, construction and commissioning phases; and ensure that the Company’s values are core to the culture at each operation.

Loyalty options 25,165,791

ABN 30 614 289 342

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For further information regarding Ardea, please visit www.ardearesources.com.au or www.heronresources.com.au or contact: