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ARDIDEN LTD Capital/Financing Update 2018

Aug 30, 2018

64307_rns_2018-08-30_01b338a6-a5d8-40a7-85d9-cd93d02513bb.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT

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31 August 2018

HIGH-GRADE GOLD RESULTS UNDERPIN POTENTIAL AT PICKLE LAKE

HIGHLIGHTS:

  • Ardiden has received assay results from the remaining 11 drill holes, as part of the recent due-diligence drill program at the Pickle Lake Gold Project, in Ontario Canada. The receipt of these assay results completes the key initial objectives for Pickle Lake

  • The latest set of assay results continue to demonstrate the potential of Pickle Lake, which includes the following highlights:

  • KAS 18-05: 26.10m @ 1.06g/t Au from 77.3m

  • KAS 18-06: 29.20m @ 1.26g/t Au from 85.0m

  • KAS 18-08: 15.40m @ 3.21g/t Au from 65.6m

  • KAS 18-10: 26.20m @ 3.19g/t Au from 89.3m

  • The Pickle Lake mineralised zone remains open along strike and at depth

  • The Company is now focused on continuing to develop and advance its flagship Seymour Lake Lithium Project, where assay results from North Aubry are expected shortly

Minerals explorer Ardiden Limited (ASX: ADV) is pleased to announce assay results from the remaining 11 drill holes of its recent due-diligence drilling program at the Kasagiminnis Gold Property located within the Pickle Lake Gold Properties (“Pickle Lake”) in the established mining jurisdiction of Ontario, Canada.

The drilling program undertaken by Ardiden sought to verify historic drilling and sample results, to enable to Company to have better visibility of the Project’s gold mineralisation and to confirm the potential of Pickle Lake.

Commenting on the latest round of assay results from Pickle Lake, Ardiden Managing Director Brad Boyle stated “The latest results obtained from the Kasagiminnis Lake Property continue to highlight Pickle Lake as a very encouraging exploration prospect. There appears to be a consistency of gold mineralisation within the gold zone, and the results reinforce the potential of the Kasagiminnis Gold Zone, to host a significant gold resource, with mineralisation open in all directions.

“Pickle Lake was acquired by Ardiden as it offered a low-risk, low-cost exploration opportunity, which diversifies the Company’s current project portfolio. The Company will continue to develop Pickle Lake and work off the extremely positive results received thus far. However, the Company’s primary focus remains on Seymour Lake and advancing our flagship project across all areas.”

Ardiden Limited Suite 12, 11 Ventnor Ave Tel: +61 (0) 8 6245 2050 ASX Code: ADV West Perth WA 6005 Fax: +61 (0) 8 6245 2055 Shares on Issue: 1,674M www.ardiden.com.au

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THE KASAGIMINNIS DUE-DILIGENCE DRILLING PROGRAM

Assay results from the remaining 11 drill holes (KAS-18-05 to KAS 18-15), have now been received and reviewed by Ardiden. The results from the due-diligence drilling program, which includes the latest assay results and the results previously announced to the ASX (31 July 2018: “ Ardiden Exercises Option to Acquire Pickle Lake Gold Project ”), reinforce the Company’s belief that the Pickle Lake Gold Project has potential to host a significant gold deposit.

Table 1. Summary of mineralised intervals for Drill Holes KAS-18-05 to KAS-18-15

Hole ID From
(m)		 To(m) Down Hole
Width(m)		 **Aug/t **
KAS-18-05 77.30 103.40 26.10 1.08
including 89.50 94.80 5.30 3.74
with 93.40 94.00 0.60 10.40
KAS-18-06 85.00 114.20 29.20 1.26
including 104.20 114.20 10.00 2.27
with 104.20 104.70 0.50 21.20
and 111.00 114.20 3.20 2.98
KAS-18-07 60.30 77.00 16.70 0.56
KAS-18-08 65.60 81.00 15.40 3.22
Including 66.60 72.50 5.90 4.53
Including 77.70 79.20 1.50 13.49
KAS-18-09 74.80 97.00 22.20 2.22
Including 85.80 90.30 4.50 7.39
KAS-18-10 89.30 115.50 26.20 3.35
Including 101.50 103.50 2.00 16.60
Including 109.50 114.30 4.80 7.38
KAS-18-11 66.40 80.50 14.10 1.05
KAS-18-12 99.60 119.50 19.90 0.58
including 115.40 117.30 1.90 4.00
KAS-18-13 81.00 90.00 9.00 1.13
KAS-18-14 85.50 106.00 20.50 1.25
Including 93.00 96.00 3.00 2.23
and 99.00 101.70 2.70 5.41
KAS-18-15 113.50 124.10 10.60 1.38

A full list of drill results can be found in Table 3 and collar and survey details are also located in Table 2.

The drill-hole locations (Figure 1) and interpretive cross-sections (Figures 2 - 4) illustrate the geometry of the mineralisation at the Kasagaminnis prospect.

2

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Figure 1. Drill-hole location plan.

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Figure 2. Section for holes KAS-18-03 to KAS-18-06

3

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Figure 3. Section for holes KAS-18-07 to KAS-18-10

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Figure 4. Section for holes KAS-18-13 to KAS-18-15

4

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The drilling program revealed that the gold mineralisation is preferentially hosted by a sub-vertical layer of highly altered intermediate to felsic volcanic rock sandwiched between highly altered mafic volcanic rocks. The gold mineralisation appears to be associated with sulphides replacing magnetite that formed within the sheared alteration zone.

The sulphides comprise a mixture of varying proportions of pyrite and pyrrhotite and are associated with silicification and carbonation. Coarse visible gold is present in some mineralised intersections and the gold mineralisation extends beyond the main mineralised zone into the footwall mafic volcanic rocks through a series of shears containing quartz-carbonate veinlets.

Throughout the review process for Pickle Lake, undertaken before proceeding to an investment and development decision, it was evident that there was sufficient potential, which the Company believed to offer a low-risk, lowcost opportunity to further develop the project and consider for inclusion in Ardiden’s project portfolio.

Ardiden has now completed its due-diligence drilling program for Pickle Lake, which included the following key initial objectives; the verification of historic drill and sample results, obtaining a better understanding of the geology of certain areas within Pickle Lake, and confirmation of the potential of the Pickle Lake project.

The assay results and work completed thus far, confirm the Company’s initial assessment and decision to complete sufficient work to secure the Pickle Lake property.

Following the accomplishment of all key initial objectives at Pickle Lake, further exploration and drilling activities have been deferred, in order to allow Ardiden to continue to develop and advance the Seymour Lake Lithium Project, which is the Company’s primary focus.

Currently, drilling at the North Aubry prospect is ongoing and an update on activities is expected in the near future.

ENDS

For further information:

Investors : Brad Boyle Ardiden Ltd Tel: +61 (0) 8 6245 2050

Media : Michael Weir / Cameron Gilenko Citadel-Magnus +61 8 6160 4900

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Table 2. Collar and Survey Results for Kasagiminnis Lake Property

Hole ID
Easting
NAD83-
15
Northing
NAD83-15
RL
Hole
Depth		 Survey
Depth		 Dip Azimuth
NAD83-
15
KAS-18-05
682451.8
5683215
377.7
136		 0 -70.6 150.7
KAS-18-06
682451.8
5683215
377.7
164.5		 0 -77.5 151.6
KAS-18-07
682451.8
5683215
377.7
85		 0 -48.3 210.1
KAS-18-08
682451.8
5683215
377.7
97		 0 -61.2 207.9
KAS-18-09
682451.8
5683215
377.7
146.5		 0 -69.4 207.9
KAS-18-10
682451.8
5683215
377.7
142		 0 -77.9 210.3
KAS-18-11
682548.6
5683228
379.6
131.5		 0 -54.4 179.9
KAS-18-12
682548.6
5683228
379.6
141.5		 0 -74.1 179.5
KAS-18-13
682548.6
5683228
379.6
115		 0 -51.2 210.0
KAS-18-14
682548.6
5683228
379.6
114		 0 -61.8 208.8
KAS-18-15
682548.6
5683228
379.6
134.5		 0 -70.6 209.6

Table 3. KAS-18-05 to KAS-18-15 Assay Table

Hole ID Sample ID From
(m)		 To (m) Interval
(m)		 Calc SG Au g/t S%
KAS-18-05 789878 31.30 32.30 1.00 2.759 0.003 0.11
KAS-18-05 789879 32.30 33.00 0.70 2.857 0.013 0.06
KAS-18-05 789881 33.00 34.00 1.00 2.768 0.002 0.08
KAS-18-05 789882 58.60 59.60 1.00 2.814 0.015 0.32
KAS-18-05 789883 59.60 60.60 1.00 2.740 0.008 0.64
KAS-18-05 789884 60.60 61.60 1.00 2.738 0.002 0.44
KAS-18-05 789885 61.60 62.30 0.70 2.770 0.008 0.06
KAS-18-05 789886 62.30 63.80 1.50 3.052 0.003 0.22
KAS-18-05 789887 63.80 65.30 1.50 3.044 0.006 0.25
KAS-18-05 789888 65.30 66.80 1.50 3.030 0.002 0.17
KAS-18-05 789889 66.80 68.30 1.50 3.058 0.003 0.15
KAS-18-05 789890 68.30 69.80 1.50 3.023 0.007 0.1
KAS-18-05 789891 69.80 71.30 1.50 3.063 0.005 0.12
KAS-18-05 789892 71.30 72.80 1.50 2.993 0.003 0.23
KAS-18-05 789893 72.80 74.30 1.50 3.037 0.001 0.13
KAS-18-05 789894 74.30 75.80 1.50 3.020 0.002 0.05
KAS-18-05 789895 75.80 77.30 1.50 3.033 0.005 0.28
KAS-18-05 789896 77.30 78.80 1.50 3.021 0.229 0.24
KAS-18-05 789897 78.80 80.00 1.20 3.105 0.325 0.33
KAS-18-05 789898 80.00 80.80 0.80 2.961 2.77 1.6

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KAS-18-05 789899 80.80 82.00 1.20 2.935 0.232 0.15
KAS-18-05 789900 82.00 83.10 1.10 2.906 0.275 0.06
KAS-18-05 789902 83.10 84.10 1.00 2.957 0.013 0.04
KAS-18-05 789903 84.10 85.30 1.20 2.989 0.522 0.09
KAS-18-05 789904 85.30 86.40 1.10 2.978 0.005 0.05
KAS-18-05 789906 86.40 87.40 1.00 2.915 1.99 1.57
KAS-18-05 789907 87.40 88.40 1.00 2.955 0.028 0.02
KAS-18-05 789909 88.40 89.50 1.10 3.060 0.037 0.07
KAS-18-05 789911 89.50 90.50 1.00 2.931 2.94 4.29
KAS-18-05 789912 90.50 91.30 0.80 2.931 1.81 2.51
KAS-18-05 789913 91.30 92.30 1.00 2.960 3.08 3.24
KAS-18-05 789914 92.30 93.40 1.10 2.906 2.78 1.94
KAS-18-05 789915 93.40 94.00 0.60 2.895 10.4 2.35
KAS-18-05 789916 94.00 94.80 0.80 2.948 3.84 1.6
KAS-18-05 789917 94.80 96.30 1.50 3.105 0.009 0.1
KAS-18-05 789918 96.30 97.80 1.50 3.070 0.205 0.4
KAS-18-05 789919 97.80 99.30 1.50 3.075 0.007 0.1
KAS-18-05 789920 99.30 100.80 1.50 3.039 0.429 0.32
KAS-18-05 789921 100.80 102.30 1.50 3.062 0.164 0.21
KAS-18-05 789922 102.30 103.40 1.10 3.032 0.826 0.75
KAS-18-05 789923 103.40 104.50 1.10 3.072 0.017 0.12
KAS-18-05 789924 104.50 106.00 1.50 3.088 0.007 0.06
KAS-18-05 789925 106.00 107.50 1.50 3.079 0.192 0.27
KAS-18-05 789927 107.50 109.00 1.50 3.089 0.001 0.12
KAS-18-05 789928 109.00 110.50 1.50 3.043 0.112 0.26
KAS-18-05 789929 110.50 112.00 1.50 3.124 0.018 0.17
KAS-18-05 789931 112.00 113.50 1.50 3.128 0.015 0.14
KAS-18-05 789932 113.50 115.00 1.50 3.130 0.01 0.34
KAS-18-05 789933 115.00 116.50 1.50 3.099 0.009 0.26
KAS-18-05 789934 116.50 118.00 1.50 3.108 0.204 0.33
KAS-18-05 789935 118.00 119.50 1.50 3.145 0.015 0.09
KAS-18-05 789936 119.50 120.80 1.30 3.117 0.016 0.1
KAS-18-05 789937 120.80 121.60 0.80 3.061 0.005 0.07
KAS-18-05 789938 121.60 122.50 0.90 3.108 0.005 0.2
KAS-18-05 789939 122.50 124.00 1.50 3.154 1.03 0.39
KAS-18-05 789940 124.00 125.50 1.50 3.212 0.014 0.38
KAS-18-05 789941 125.50 127.00 1.50 3.203 0.001 0.36
KAS-18-05 789942 127.00 128.50 1.50 3.170 0.009 0.46

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KAS-18-05 789943 128.50 130.00 1.50 3.202 0.052 2.1
KAS-18-05 789944 130.00 131.50 1.50 3.179 0.034 1.95
KAS-18-05 789945 131.50 133.00 1.50 3.142 0.063 0.75
KAS-18-05 789946 133.00 134.50 1.50 3.166 0.038 0.29
KAS-18-05 789947 134.50 136.00 1.50 3.080 0.012 0.08
KAS-18-06 789948 69.80 70.80 1.00 2.744 0.007 0.33
KAS-18-06 789949 70.80 71.80 1.00 2.747 0.015 0.24
KAS-18-06 789950 71.80 73.20 1.40 2.712 0.001 0.16
KAS-18-06 789952 73.20 74.20 1.00 2.723 0.035 0.47
KAS-18-06 789953 74.20 75.40 1.20 2.755 0.026 0.15
KAS-18-06 789954 75.40 76.40 1.00 3.044 0.017 0.53
KAS-18-06 789956 76.40 77.50 1.10 2.969 0.001 0.06
KAS-18-06 789957 77.50 79.00 1.50 3.073 0.001 0.42
KAS-18-06 789958 79.00 80.50 1.50 3.006 0.001 0.18
KAS-18-06 789959 80.50 82.00 1.50 3.047 0.004 0.24
KAS-18-06 789961 82.00 83.50 1.50 3.018 0.009 0.19
KAS-18-06 789962 83.50 85.00 1.50 3.040 0.013 0.19
KAS-18-06 789963 85.00 86.50 1.50 3.015 1.58 0.38
KAS-18-06 789964 86.50 88.00 1.50 3.031 0.441 0.35
KAS-18-06 789965 88.00 89.10 1.10 3.140 0.336 0.51
KAS-18-06 789966 89.10 90.30 1.20 3.000 0.387 0.31
KAS-18-06 789967 90.30 91.40 1.10 2.991 0.104 0.1
KAS-18-06 789968 91.40 92.50 1.10 2.975 0.048 0.15
KAS-18-06 789970 92.50 93.40 0.90 2.953 0.055 0.29
KAS-18-06 789971 93.40 94.30 0.90 2.960 0.844 0.96
KAS-18-06 789972 94.30 95.10 0.80 2.918 5.67 1.33
KAS-18-06 789973 95.10 95.90 0.80 2.965 0.977 0.71
KAS-18-06 789974 95.90 97.00 1.10 2.923 0.006 0.005
KAS-18-06 789975 97.00 98.50 1.50 2.930 0.001 0.05
KAS-18-06 789977 98.50 100.00 1.50 2.945 0.001 0.01
KAS-18-06 789978 100.00 101.50 1.50 2.945 0.11 0.05
KAS-18-06 789979 101.50 103.00 1.50 2.956 2.57 0.94
KAS-18-06 789981 103.00 104.20 1.20 2.960 0.058 0.05
KAS-18-06 789982 104.20 104.70 0.50 2.933 21.2 3.9
KAS-18-06 789983 104.70 106.20 1.50 2.933 0.169 0.07
KAS-18-06 789984 106.20 107.50 1.30 2.966 0.318 0.23
KAS-18-06 789985 107.50 108.50 1.00 2.930 1.35 0.56
KAS-18-06 789986 108.50 109.40 0.90 2.993 0.093 0.15

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KAS-18-06 789987 109.40 110.30 0.90 2.974 0.047 0.2
KAS-18-06 789988 110.30 111.00 0.70 2.940 0.514 1.01
KAS-18-06 789989 111.00 111.80 0.80 2.956 6.86 2.77
KAS-18-06 789990 111.80 112.80 1.00 3.040 0.119 0.23
KAS-18-06 789991 112.80 113.50 0.70 2.953 2.66 2.22
KAS-18-06 789992 113.50 114.20 0.70 2.980 2.97 2.68
KAS-18-06 789993 114.20 115.00 0.80 3.029 0.021 0.13
KAS-18-06 789994 115.00 116.50 1.50 3.113 0.009 0.03
KAS-18-06 789995 116.50 118.00 1.50 3.069 0.37 0.34
KAS-18-06 789996 118.00 118.50 0.50 3.131 0.174 0.64
KAS-18-06 789997 118.50 119.50 1.00 3.112 0.011 0.01
KAS-18-06 789998 119.50 120.80 1.30 2.982 0.006 0.01
KAS-18-06 789999 120.80 121.60 0.80 3.113 0.007 0.02
KAS-18-06 790000 121.60 122.50 0.90 2.994 0.03 0.02
KAS-18-06 790002 122.50 124.00 1.50 3.071 0.009 0.06
KAS-18-06 790003 124.00 125.00 1.00 3.144 0.007 0.005
KAS-18-06 790004 125.00 125.90 0.90 3.117 0.007 0.005
KAS-18-06 790006 125.90 126.70 0.80 3.070 0.278 0.8
KAS-18-06 790007 126.70 127.30 0.60 3.021 0.018 0.11
KAS-18-06 790008 127.30 128.80 1.50 3.094 0.068 0.47
KAS-18-06 790009 128.80 130.00 1.20 3.006 0.007 0.13
KAS-18-06 790011 130.00 131.50 1.50 2.973 0.009 0.06
KAS-18-06 790012 131.50 132.80 1.30 3.050 0.009 0.08
KAS-18-06 790013 132.80 133.50 0.70 3.094 0.106 0.16
KAS-18-06 790014 133.50 134.50 1.00 3.128 0.011 0.12
KAS-18-06 790015 134.50 136.00 1.50 3.117 0.01 0.24
KAS-18-06 790016 136.00 137.50 1.50 3.082 0.017 0.37
KAS-18-06 790017 137.50 139.00 1.50 3.082 0.015 0.13
KAS-18-06 790018 139.00 140.50 1.50 3.106 0.027 0.44
KAS-18-06 790019 140.50 142.00 1.50 3.066 0.014 0.29
KAS-18-06 790020 142.00 143.50 1.50 3.108 0.013 0.33
KAS-18-06 790021 143.50 145.00 1.50 3.153 0.006 0.39
KAS-18-06 790022 145.00 146.50 1.50 3.205 0.001 0.31
KAS-18-06 790023 146.50 148.00 1.50 3.230 0.006 0.43
KAS-18-06 790024 148.00 149.50 1.50 3.197 0.011 0.26
KAS-18-06 790025 149.50 151.00 1.50 3.133 0.009 0.46
KAS-18-06 790027 151.00 152.50 1.50 3.122 0.05 0.35
KAS-18-06 790028 152.50 154.00 1.50 3.056 0.028 0.12

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KAS-18-06 790029 154.00 155.50 1.50 3.088 0.047 0.11
KAS-18-06 790031 155.50 157.00 1.50 3.072 0.039 0.21
KAS-18-06 790032 157.00 158.50 1.50 3.104 0.031 0.26
KAS-18-06 790033 158.50 160.00 1.50 3.049 0.005 0.08
KAS-18-06 790034 160.00 161.50 1.50 3.099 0.012 0.11
KAS-18-06 790035 161.50 163.00 1.50 3.024 0.024 0.02
KAS-18-06 790036 163.00 164.50 1.50 2.976 0.026 0.02
KAS-18-07 790037 28.70 29.70 1.00 2.761 0.001 0.01
KAS-18-07 790038 29.70 30.50 0.80 2.904 0.016 0.1
KAS-18-07 790039 30.50 31.20 0.70 2.825 0.001 0.11
KAS-18-07 790040 31.20 32.20 1.00 2.839 0.001 0.03
KAS-18-07 790041 40.10 41.10 1.00 2.757 0.008 0.21
KAS-18-07 790042 41.10 42.10 1.00 2.783 0.001 0.07
KAS-18-07 790043 42.10 43.00 0.90 2.872 0.001 0.09
KAS-18-07 790044 43.00 43.90 0.90 2.756 0.019 0.36
KAS-18-07 790045 43.90 45.00 1.10 3.021 0.008 0.23
KAS-18-07 790046 45.00 46.00 1.00 3.036 0.001 0.17
KAS-18-07 790047 46.00 47.50 1.50 3.007 0.001 0.19
KAS-18-07 790048 47.50 49.00 1.50 3.046 0.001 0.08
KAS-18-07 790049 49.00 50.50 1.50 3.082 0.009 0.24
KAS-18-07 790050 50.50 52.00 1.50 3.023 0.001 0.39
KAS-18-07 790052 52.00 53.50 1.50 3.051 0.074 0.29
KAS-18-07 790053 53.50 54.70 1.20 3.095 0.073 0.23
KAS-18-07 790054 54.70 55.80 1.10 2.994 0.44 0.41
KAS-18-07 790056 55.80 57.00 1.20 2.961 0.001 0.06
KAS-18-07 790057 57.00 58.10 1.10 3.015 0.001 0.09
KAS-18-07 790058 58.10 59.20 1.10 2.939 0.005 0.03
KAS-18-07 790059 59.20 60.30 1.10 2.914 0.045 0.11
KAS-18-07 790061 60.30 61.20 0.90 2.936 4.41 0.92
KAS-18-07 790063 61.20 62.20 1.00 2.959 0.032 0.1
KAS-18-07 790064 62.20 62.80 0.60 2.969 0.287 0.39
KAS-18-07 790065 62.80 63.70 0.90 2.836 1.05 0.05
KAS-18-07 790066 63.70 64.60 0.90 2.964 0.614 0.55
KAS-18-07 790067 64.60 65.50 0.90 2.921 0.022 0.03
KAS-18-07 790068 65.50 67.00 1.50 2.970 0.001 0.02
KAS-18-07 790069 67.00 68.50 1.50 2.957 0.014 0.15
KAS-18-07 790070 68.50 70.00 1.50 2.960 0.022 0.08
KAS-18-07 790071 70.00 71.50 1.50 3.030 0.113 0.03

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KAS-18-07 790072 71.50 73.00 1.50 3.055 0.386 0.16
KAS-18-07 790073 73.00 73.90 0.90 3.132 0.807 0.28
KAS-18-07 790074 73.90 75.20 1.30 3.076 0.999 0.38
KAS-18-07 790075 75.20 76.00 0.80 2.849 0.258 1.02
KAS-18-07 790077 76.00 77.00 1.00 3.029 0.553 0.12
KAS-18-07 790078 77.00 78.00 1.00 3.064 0.023 0.4
KAS-18-07 790079 78.00 79.00 1.00 3.086 0.029 0.35
KAS-18-07 790081 79.00 80.00 1.00 3.053 0.016 0.42
KAS-18-07 790082 80.00 81.00 1.00 3.090 0.134 0.38
KAS-18-07 790083 81.00 82.00 1.00 3.059 0.008 0.21
KAS-18-07 790084 82.00 83.00 1.00 3.110 0.022 0.08
KAS-18-07 790085 83.00 84.00 1.00 3.196 0.007 0.14
KAS-18-07 790086 84.00 85.00 1.00 3.197 0.008 0.15
KAS-18-08 790087 44.10 45.10 1.00 2.770 0.005 0.03
KAS-18-08 790088 45.10 45.70 0.60 2.717 0.001 0.005
KAS-18-08 790089 45.70 46.50 0.80 2.774 0.01 0.03
KAS-18-08 790090 46.50 47.60 1.10 2.766 0.014 0.04
KAS-18-08 790091 47.60 48.70 1.10 2.742 0.014 0.17
KAS-18-08 790092 48.70 49.80 1.10 2.800 0.221 0.45
KAS-18-08 790093 49.80 50.60 0.80 2.707 0.001 0.03
KAS-18-08 790094 50.60 51.50 0.90 2.750 0.006 0.42
KAS-18-08 790095 51.50 52.50 1.00 3.060 0.001 0.19
KAS-18-08 790096 52.50 53.50 1.00 3.059 0.001 0.38
KAS-18-08 790097 53.50 55.00 1.50 3.029 0.001 0.16
KAS-18-08 790098 55.00 56.50 1.50 3.039 0.001 0.18
KAS-18-08 790099 56.50 58.00 1.50 3.011 0.01 0.17
KAS-18-08 790100 58.00 59.50 1.50 3.044 0.013 0.17
KAS-18-08 790102 59.50 61.00 1.50 3.047 0.001 0.24
KAS-18-08 790103 61.00 62.50 1.50 3.033 0.001 0.5
KAS-18-08 790104 62.50 63.50 1.00 3.061 0.134 0.25
KAS-18-08 790106 63.50 64.60 1.10 3.050 0.008 0.12
KAS-18-08 790108 64.60 65.60 1.00 2.976 0.001 0.08
KAS-18-08 790109 65.60 66.60 1.00 2.992 0.263 0.05
KAS-18-08 790111 66.60 67.50 0.90 2.993 4.86 2
KAS-18-08 790112 67.50 68.50 1.00 2.990 8.15 1.37
KAS-18-08 790113 68.50 69.50 1.00 2.971 1.72 0.67
KAS-18-08 790114 69.50 70.50 1.00 2.978 0.147 0.23
KAS-18-08 790115 70.50 71.50 1.00 2.868 4.63 1.41

11

==> picture [594 x 42] intentionally omitted <==

KAS-18-08 790116 71.50 72.50 1.00 2.862 7.71 2.09
KAS-18-08 790117 72.50 73.70 1.20 2.951 0.698 0.11
KAS-18-08 790118 73.70 75.20 1.50 2.956 0.001 0.01
KAS-18-08 790119 75.20 76.20 1.00 2.945 0.969 0.55
KAS-18-08 790120 76.20 77.70 1.50 2.993 0.001 0.02
KAS-18-08 790121 77.70 78.40 0.70 2.968 23.5 1.93
KAS-18-08 790122 78.40 79.20 0.80 2.941 4.73 1.29
KAS-18-08 790123 79.20 80.00 0.80 2.962 0.544 0.36
KAS-18-08 790124 80.00 81.00 1.00 2.985 0.125 0.11
KAS-18-08 790125 81.00 82.40 1.40 2.919 0.007 0.22
KAS-18-08 790127 82.40 83.40 1.00 2.983 0.012 0.22
KAS-18-08 790128 83.40 84.90 1.50 3.063 0.001 0.02
KAS-18-08 790129 84.90 86.40 1.50 3.041 0.008 0.005
KAS-18-08 790131 86.40 87.10 0.70 3.056 0.006 0.005
KAS-18-08 790132 87.10 88.60 1.50 3.034 0.519 0.09
KAS-18-08 790133 88.60 89.50 0.90 3.030 0.504 1.12
KAS-18-08 790135 89.50 90.00 0.50 2.933 0.047 1.5
KAS-18-08 790136 90.00 90.50 0.50 3.041 0.134 0.68
KAS-18-08 790137 90.50 91.00 0.50 3.007 0.148 0.19
KAS-18-08 790138 91.00 92.30 1.30 3.089 0.042 0.39
KAS-18-08 790139 92.30 93.20 0.90 2.989 0.001 0.09
KAS-18-08 790140 93.20 94.00 0.80 3.123 0.001 0.19
KAS-18-08 790141 94.00 95.50 1.50 3.123 0.001 0.18
KAS-18-08 790142 95.50 97.00 1.50 3.164 0.008 0.1
KAS-18-09 790143 55.00 56.00 1.00 2.743 0.001 0.49
KAS-18-09 790144 56.00 56.80 0.80 2.716 0.001 0.14
KAS-18-09 790145 56.80 58.00 1.20 2.731 0.006 0.28
KAS-18-09 790146 58.00 59.10 1.10 2.730 0.018 0.15
KAS-18-09 790147 59.10 60.10 1.00 3.047 0.019 0.15
KAS-18-09 790148 60.10 61.00 0.90 3.073 0.001 0.26
KAS-18-09 790149 61.00 62.50 1.50 3.019 0.001 0.06
KAS-18-09 790150 62.50 64.00 1.50 3.033 0.001 0.37
KAS-18-09 790152 64.00 65.50 1.50 2.989 0.006 0.1
KAS-18-09 790153 65.50 67.00 1.50 3.035 0.008 0.11
KAS-18-09 790154 67.00 68.50 1.50 3.023 0.007 0.07
KAS-18-09 790156 68.50 70.00 1.50 3.042 0.248 0.18
KAS-18-09 790157 70.00 71.00 1.00 3.029 0.012 0.45
KAS-18-09 790158 71.00 72.20 1.20 3.071 0.048 0.25

12

==> picture [594 x 42] intentionally omitted <==

KAS-18-09 790159 72.20 73.20 1.00 3.097 0.001 0.22
KAS-18-09 790161 73.20 74.00 0.80 2.956 0.001 0.1
KAS-18-09 790162 74.00 74.80 0.80 2.996 0.001 0.05
KAS-18-09 790163 74.80 75.60 0.80 2.918 0.519 0.19
KAS-18-09 790164 75.60 76.60 1.00 2.943 5.18 3.34
KAS-18-09 790165 76.60 77.70 1.10 2.997 0.534 0.28
KAS-18-09 790166 77.70 78.80 1.10 2.936 0.008 0.09
KAS-18-09 790167 78.80 79.80 1.00 2.870 3.47 0.72
KAS-18-09 790168 79.80 80.80 1.00 2.929 0.035 0.01
KAS-18-09 790169 80.80 81.80 1.00 2.970 0.001 0.005
KAS-18-09 790170 81.80 82.80 1.00 2.836 0.015 0.4
KAS-18-09 790171 82.80 83.80 1.00 2.970 0.539 0.14
KAS-18-09 790172 83.80 84.80 1.00 2.931 0.001 0.01
KAS-18-09 790173 84.80 85.80 1.00 2.892 0.083 0.07
KAS-18-09 790175 85.80 86.80 1.00 2.909 3.58 1.85
KAS-18-09 790177 86.80 87.80 1.00 2.905 10.5 2.02
KAS-18-09 790178 87.80 88.80 1.00 2.911 15.8 2.19
KAS-18-09 790179 88.80 89.70 0.90 2.951 1.25 0.39
KAS-18-09 790181 89.70 90.30 0.60 2.927 3.77 1.5
KAS-18-09 790182 90.30 91.60 1.30 2.987 0.072 0.07
KAS-18-09 790183 91.60 92.50 0.90 3.032 0.039 0.06
KAS-18-09 790184 92.50 94.00 1.50 3.053 0.052 0.06
KAS-18-09 790185 94.00 95.50 1.50 3.028 0.093 0.22
KAS-18-09 790186 95.50 97.00 1.50 3.057 3.6 0.91
KAS-18-09 790187 97.00 98.20 1.20 3.066 0.024 0.05
KAS-18-09 790188 98.20 98.80 0.60 2.942 0.006 0.01
KAS-18-09 790189 98.80 100.00 1.20 3.048 0.008 0.06
KAS-18-09 790190 100.00 101.50 1.50 3.051 0.105 0.16
KAS-18-09 790191 101.50 103.00 1.50 3.079 0.001 0.14
KAS-18-09 790192 103.00 104.00 1.00 3.069 0.006 0.04
KAS-18-09 790193 104.00 105.00 1.00 3.007 0.008 0.07
KAS-18-09 790194 105.00 106.00 1.00 3.128 0.025 0.03
KAS-18-09 790195 106.00 107.50 1.50 3.130 0.001 0.13
KAS-18-09 790196 107.50 109.00 1.50 3.113 0.011 0.15
KAS-18-09 790197 109.00 110.50 1.50 3.070 0.005 0.24
KAS-18-09 790198 110.50 112.00 1.50 3.096 0.017 0.2
KAS-18-09 790199 112.00 113.50 1.50 3.153 0.01 0.25
KAS-18-09 790200 113.50 115.00 1.50 3.225 0.006 0.27

13

==> picture [594 x 42] intentionally omitted <==

KAS-18-09 790202 115.00 116.50 1.50 3.140 0.006 0.14
KAS-18-09 790203 116.50 118.00 1.50 3.106 0.01 0.08
KAS-18-09 790204 118.00 119.50 1.50 3.134 0.007 0.14
KAS-18-09 790206 119.50 121.00 1.50 3.196 0.001 0.21
KAS-18-09 790207 121.00 122.50 1.50 3.160 0.001 0.16
KAS-18-09 790208 122.50 124.00 1.50 3.226 0.029 0.38
KAS-18-09 790209 124.00 125.50 1.50 3.211 0.006 0.38
KAS-18-09 790211 125.50 127.00 1.50 3.220 0.005 0.4
KAS-18-09 790212 127.00 128.50 1.50 3.209 0.008 0.39
KAS-18-09 790213 128.50 130.00 1.50 3.231 0.001 0.36
KAS-18-09 790214 130.00 131.50 1.50 3.235 0.095 0.51
KAS-18-09 790215 131.50 133.00 1.50 3.170 0.03 0.26
KAS-18-09 790216 133.00 134.50 1.50 3.127 0.04 0.2
KAS-18-09 790217 134.50 136.00 1.50 3.170 0.042 0.28
KAS-18-09 790218 136.00 137.50 1.50 3.128 0.137 0.16
KAS-18-09 790219 137.50 139.00 1.50 3.126 0.042 0.3
KAS-18-09 790220 139.00 140.50 1.50 3.015 0.012 0.17
KAS-18-09 790221 140.50 142.00 1.50 3.007 0.028 0.08
KAS-18-09 790222 142.00 143.50 1.50 2.949 0.013 0.17
KAS-18-09 790223 143.50 145.00 1.50 2.933 0.016 0.04
KAS-18-09 790224 145.00 146.50 1.50 2.942 0.03 0.11
KAS-18-10 790225 4.00 5.50 1.50 3.068 0.001 0.28
KAS-18-10 790227 5.50 6.40 0.90 2.863 0.001 0.03
KAS-18-10 790228 6.40 7.40 1.00 2.806 0.001 0.3
KAS-18-10 790229 7.40 8.40 1.00 2.753 0.001 0.02
KAS-18-10 790231 68.00 69.00 1.00 2.743 0.005 0.07
KAS-18-10 790232 69.00 70.00 1.00 2.766 0.007 0.1
KAS-18-10 790233 70.00 71.00 1.00 2.780 0.022 0.16
KAS-18-10 790234 71.00 72.00 1.00 2.814 0.016 0.35
KAS-18-10 790235 72.00 73.00 1.00 2.724 0.001 0.04
KAS-18-10 790236 73.00 74.40 1.40 2.736 0.006 0.07
KAS-18-10 790237 74.40 75.20 0.80 3.102 0.006 0.19
KAS-18-10 790238 75.20 76.00 0.80 3.068 0.007 0.12
KAS-18-10 790239 76.00 77.50 1.50 2.993 0.007 0.15
KAS-18-10 790240 77.50 79.00 1.50 3.052 0.021 0.24
KAS-18-10 790241 79.00 80.50 1.50 3.036 0.006 0.13
KAS-18-10 790242 80.50 82.00 1.50 3.045 0.036 0.18
KAS-18-10 790243 82.00 83.50 1.50 2.557 0.006 0.3

14

==> picture [594 x 42] intentionally omitted <==

KAS-18-10 790244 83.50 85.00 1.50 3.034 0.008 0.14
KAS-18-10 790245 85.00 86.00 1.00 2.990 0.024 0.14
KAS-18-10 790246 86.00 87.30 1.30 3.048 0.148 0.32
KAS-18-10 790247 87.30 88.30 1.00 3.027 0.01 0.04
KAS-18-10 790248 88.30 89.30 1.00 3.033 0.012 0.08
KAS-18-10 790250 89.30 90.30 1.00 2.926 6.66 3.37
KAS-18-10 790251 90.30 91.30 1.00 2.920 1.43 2.74
KAS-18-10 790252 91.30 92.30 1.00 2.959 0.107 0.32
KAS-18-10 790253 92.30 93.30 1.00 2.932 1.58 0.16
KAS-18-10 790254 93.30 94.30 1.00 2.968 2.27 0.92
KAS-18-10 790256 94.30 95.30 1.00 3.003 1.05 0.09
KAS-18-10 790257 95.30 96.50 1.20 2.953 0.091 0.03
KAS-18-10 790258 96.50 97.50 1.00 2.975 0.058 0.02
KAS-18-10 790259 97.50 98.50 1.00 2.985 0.038 0.06
KAS-18-10 790261 98.50 99.50 1.00 2.949 0.163 0.12
KAS-18-10 790262 99.50 100.50 1.00 2.917 0.134 0.22
KAS-18-10 790263 100.50 101.50 1.00 2.943 0.282 0.23
KAS-18-10 790265 101.50 102.50 1.00 2.903 12.7 1.74
KAS-18-10 790266 102.50 103.50 1.00 2.904 20.5 2.17
KAS-18-10 790267 103.50 104.50 1.00 2.904 0.994 0.77
KAS-18-10 790268 104.50 105.50 1.00 2.925 0.624 0.34
KAS-18-10 790269 105.50 106.50 1.00 2.918 0.023 0.04
KAS-18-10 790270 106.50 107.50 1.00 2.874 0.011 0.07
KAS-18-10 790271 107.50 108.50 1.00 2.877 1.16 1.51
KAS-18-10 790272 108.50 109.50 1.00 2.872 2.07 0.22
KAS-18-10 790273 109.50 110.50 1.00 2.866 8.22 3.13
KAS-18-10 790274 110.50 111.50 1.00 2.878 8.32 5.02
KAS-18-10 790275 111.50 112.40 0.90 2.817 9.26 3.2
KAS-18-10 790277 112.40 113.40 1.00 2.792 7.76 1.93
KAS-18-10 790278 113.40 114.30 0.90 2.835 3.08 0.93
KAS-18-10 790279 114.30 115.50 1.20 2.861 0.241 0.07
KAS-18-10 790281 115.50 116.90 1.40 3.005 0.027 0.03
KAS-18-10 790282 116.90 118.20 1.30 2.941 0.03 0.07
KAS-18-10 790283 118.20 119.10 0.90 2.963 0.553 1.33
KAS-18-10 790284 119.10 120.00 0.90 2.960 0.369 0.38
KAS-18-10 790285 120.00 121.00 1.00 2.997 2.89 2.19
KAS-18-10 790286 121.00 122.30 1.30 3.080 0.141 0.29
KAS-18-10 790287 122.30 123.50 1.20 3.064 0.148 0.37

15

==> picture [594 x 42] intentionally omitted <==

KAS-18-10 790288 123.50 124.20 0.70 3.081 0.022 0.49
KAS-18-10 790289 124.20 125.10 0.90 3.069 0.166 0.37
KAS-18-10 790290 125.10 126.10 1.00 3.005 0.257 0.53
KAS-18-10 790291 126.10 126.60 0.50 3.051 0.927 0.03
KAS-18-10 790292 126.60 128.00 1.40 3.043 0.006 0.08
KAS-18-10 790293 128.00 129.50 1.50 3.123 0.012 0.1
KAS-18-10 790294 129.50 131.00 1.50 3.091 0.011 0.04
KAS-18-10 790295 131.00 131.80 0.80 3.120 0.006 0.44
KAS-18-10 790296 131.80 132.80 1.00 3.098 0.011 0.14
KAS-18-10 790297 132.80 134.10 1.30 2.995 0.014 0.45
KAS-18-10 790298 134.10 135.00 0.90 3.101 0.009 0.3
KAS-18-10 790299 135.00 136.10 1.10 3.144 0.005 0.11
KAS-18-10 790300 136.10 136.70 0.60 3.130 0.001 0.04
KAS-18-10 790302 136.70 137.50 0.80 3.117 0.001 0.39
KAS-18-10 790303 137.50 138.50 1.00 3.104 0.001 0.1
KAS-18-10 790304 138.50 139.50 1.00 3.035 0.001 0.02
KAS-18-10 790306 139.50 140.70 1.20 3.005 0.001 0.02
KAS-18-10 790307 140.70 142.00 1.30 3.101 0.013 0.02
KAS-18-11 790308 56.30 57.30 1.00 2.751 0.001 0.14
KAS-18-11 790309 57.30 58.30 1.00 2.734 0.005 0.09
KAS-18-11 790311 58.30 59.40 1.10 3.005 0.012 0.15
KAS-18-11 790312 59.40 60.90 1.50 3.014 0.001 0.22
KAS-18-11 790313 60.90 62.40 1.50 3.018 0.001 0.11
KAS-18-11 790314 62.40 63.90 1.50 3.046 0.005 0.17
KAS-18-11 790315 63.90 65.40 1.50 3.077 0.008 0.1
KAS-18-11 790316 65.40 66.40 1.00 3.087 0.074 0.58
KAS-18-11 790317 66.40 67.40 1.00 3.000 0.808 0.43
KAS-18-11 790318 67.40 68.40 1.00 3.026 0.55 0.22
KAS-18-11 790319 68.40 69.90 1.50 2.994 0.106 0.16
KAS-18-11 790320 69.90 70.90 1.00 2.976 3.46 0.17
KAS-18-11 790321 70.90 71.90 1.00 3.031 0.047 0.19
KAS-18-11 790323 71.90 72.90 1.00 2.942 4.94 2.94
KAS-18-11 790324 72.90 73.90 1.00 3.024 0.001 0.06
KAS-18-11 790325 73.90 74.90 1.00 3.006 3.09 0.86
KAS-18-11 790327 74.90 76.00 1.10 3.021 0.029 0.2
KAS-18-11 790328 76.00 77.00 1.00 3.034 0.66 0.62
KAS-18-11 790329 77.00 78.00 1.00 3.005 0.088 0.28
KAS-18-11 790331 78.00 79.00 1.00 3.073 0.006 0.41

16

==> picture [594 x 42] intentionally omitted <==

KAS-18-11 790332 79.00 80.50 1.50 3.022 0.609 0.14
KAS-18-11 790333 80.50 82.00 1.50 3.051 0.034 0.19
KAS-18-11 790334 82.00 83.50 1.50 3.121 0.001 0.24
KAS-18-11 790335 83.50 85.00 1.50 3.064 0.155 0.39
KAS-18-11 790336 85.00 85.50 0.50 3.151 0.001 0.37
KAS-18-11 790337 85.50 86.50 1.00 3.134 0.001 0.55
KAS-18-11 790338 86.50 87.20 0.70 2.991 0.001 0.72
KAS-18-11 790339 87.20 87.90 0.70 2.982 0.001 0.58
KAS-18-11 790340 87.90 89.00 1.10 3.180 0.001 0.22
KAS-18-11 790341 89.00 90.00 1.00 3.103 0.001 0.07
KAS-18-11 790342 90.00 91.00 1.00 3.124 0.001 0.2
KAS-18-11 790343 91.00 92.50 1.50 3.000 0.064 0.14
KAS-18-11 790344 92.50 94.00 1.50 3.036 0.166 0.37
KAS-18-11 790345 94.00 95.00 1.00 3.047 0.017 0.54
KAS-18-11 790346 95.00 96.00 1.00 3.144 1.33 1.16
KAS-18-11 790347 96.00 97.00 1.00 3.174 0.062 0.68
KAS-18-11 790348 97.00 98.00 1.00 3.181 0.025 0.2
KAS-18-11 790349 98.00 99.50 1.50 3.191 0.053 0.11
KAS-18-11 790350 99.50 100.60 1.10 3.140 0.033 0.13
KAS-18-11 790352 100.60 101.30 0.70 3.021 0.12 0.42
KAS-18-11 790353 101.30 102.30 1.00 3.125 0.053 0.4
KAS-18-11 790354 102.30 103.50 1.20 3.074 0.054 0.36
KAS-18-11 790356 103.50 105.00 1.50 3.015 0.067 0.13
KAS-18-11 790357 105.00 106.10 1.10 2.955 0.04 0.02
KAS-18-11 790358 106.10 107.50 1.40 2.993 0.028 0.005
KAS-18-11 790359 107.50 109.00 1.50 3.030 0.026 0.02
KAS-18-11 790361 109.00 110.50 1.50 3.005 0.012 0.06
KAS-18-11 790362 110.50 112.00 1.50 3.040 0.007 0.08
KAS-18-11 790363 112.00 113.50 1.50 3.040 0.006 0.07
KAS-18-11 790364 113.50 115.00 1.50 3.050 0.007 0.07
KAS-18-11 790365 115.00 116.50 1.50 3.059 0.001 0.08
KAS-18-11 790366 116.50 118.00 1.50 3.035 0.001 0.09
KAS-18-11 790367 118.00 119.50 1.50 3.017 0.018 0.05
KAS-18-11 790368 119.50 121.00 1.50 2.996 0.018 0.05
KAS-18-11 790369 121.00 122.50 1.50 2.989 0.031 0.02
KAS-18-11 790370 122.50 124.00 1.50 2.973 0.05 0.03
KAS-18-11 790371 124.00 125.50 1.50 3.067 0.06 0.09
KAS-18-11 790372 125.50 127.00 1.50 2.991 0.009 0.06

17

==> picture [594 x 42] intentionally omitted <==

KAS-18-11 790373 127.00 128.00 1.00 3.003 0.009 0.07
KAS-18-11 790374 128.00 129.10 1.10 3.061 0.017 0.08
KAS-18-11 790375 129.10 130.00 0.90 2.847 0.016 0.06
KAS-18-11 790377 130.00 131.50 1.50 3.040 0.012 0.11
KAS-18-12 790378 20.70 22.10 1.40 2.775 0.014 0.11
KAS-18-12 790379 22.10 22.90 0.80 2.728 0.008 0.18
KAS-18-12 790381 22.90 23.70 0.80 2.773 0.205 0.18
KAS-18-12 790382 23.70 24.70 1.00 2.808 0.012 0.02
KAS-18-12 790383 24.70 25.50 0.80 2.743 0.011 0.03
KAS-18-12 790384 25.50 26.50 1.00 2.738 0.01 0.01
KAS-18-12 790385 66.80 67.80 1.00 2.890 0.012 0.09
KAS-18-12 790386 67.80 68.80 1.00 2.796 0.008 0.08
KAS-18-12 790387 68.80 69.80 1.00 2.776 0.001 0.11
KAS-18-12 790388 69.80 70.80 1.00 2.800 0.097 0.33
KAS-18-12 790389 80.80 81.80 1.00 2.743 0.001 0.02
KAS-18-12 790390 81.80 82.80 1.00 2.814 0.001 0.33
KAS-18-12 790391 82.80 84.00 1.20 3.060 0.008 0.14
KAS-18-12 790392 84.00 85.00 1.00 3.060 0.001 0.21
KAS-18-12 790393 85.00 86.50 1.50 3.007 0.001 0.05
KAS-18-12 790394 86.50 88.00 1.50 3.043 0.001 0.24
KAS-18-12 790395 88.00 89.50 1.50 3.082 0.001 0.23
KAS-18-12 790396 89.50 91.00 1.50 3.033 0.001 0.22
KAS-18-12 790397 91.00 92.50 1.50 3.054 0.001 0.15
KAS-18-12 790398 92.50 94.00 1.50 2.994 0.007 0.13
KAS-18-12 790399 94.00 95.00 1.00 3.038 0.005 0.09
KAS-18-12 790400 95.00 96.00 1.00 3.049 0.001 0.08
KAS-18-12 790402 96.00 97.40 1.40 3.042 0.001 0.01
KAS-18-12 790403 97.40 98.50 1.10 3.039 0.001 0.09
KAS-18-12 790404 98.50 99.60 1.10 3.016 0.009 0.72
KAS-18-12 790406 99.60 100.50 0.90 3.033 0.191 0.13
KAS-18-12 790407 100.50 101.50 1.00 3.114 0.028 0.09
KAS-18-12 790408 101.50 102.50 1.00 3.058 0.042 0.27
KAS-18-12 790409 102.50 103.50 1.00 3.077 0.178 0.28
KAS-18-12 790411 103.50 104.50 1.00 3.055 0.076 0.02
KAS-18-12 790412 104.50 105.50 1.00 2.980 0.268 0.2
KAS-18-12 790413 105.50 106.50 1.00 3.099 0.114 1.16
KAS-18-12 790414 106.50 107.50 1.00 2.994 0.023 0.57
KAS-18-12 790415 107.50 108.50 1.00 3.036 0.03 0.62

18

==> picture [594 x 42] intentionally omitted <==

KAS-18-12 790416 108.50 109.50 1.00 3.029 0.067 0.07
KAS-18-12 790417 109.50 110.50 1.00 3.067 0.171 0.08
KAS-18-12 790418 110.50 111.50 1.00 3.023 0.477 0.24
KAS-18-12 790419 111.50 112.50 1.00 3.026 0.049 0.04
KAS-18-12 790420 112.50 113.40 0.90 2.969 0.018 0.11
KAS-18-12 790421 113.40 114.40 1.00 2.967 0.119 0.63
KAS-18-12 790422 114.40 115.40 1.00 3.082 1.48 0.93
KAS-18-12 790424 115.40 116.40 1.00 2.960 4.99 2.27
KAS-18-12 790425 116.40 117.30 0.90 3.016 2.9 1.6
KAS-18-12 790427 117.30 118.60 1.30 3.032 0.081 0.66
KAS-18-12 790428 118.60 119.50 0.90 3.112 0.583 0.31
KAS-18-12 790429 119.50 121.00 1.50 3.125 0.088 0.17
KAS-18-12 790431 121.00 122.50 1.50 3.057 0.037 0.1
KAS-18-12 790432 122.50 124.00 1.50 3.074 0.006 0.04
KAS-18-12 790433 124.00 125.50 1.50 3.031 0.487 0.11
KAS-18-12 790434 125.50 127.00 1.50 3.056 0.922 0.24
KAS-18-12 790435 127.00 128.50 1.50 3.098 0.016 0.18
KAS-18-12 790436 128.50 130.00 1.50 3.150 0.012 0.54
KAS-18-12 790437 130.00 131.50 1.50 3.124 0.015 0.18
KAS-18-12 790438 131.50 133.00 1.50 2.998 0.063 0.1
KAS-18-12 790439 133.00 134.50 1.50 3.076 0.064 0.19
KAS-18-12 790440 134.50 136.00 1.50 3.015 0.047 0.22
KAS-18-12 790441 136.00 137.50 1.50 2.978 0.028 0.21
KAS-18-12 790442 137.50 139.00 1.50 2.961 0.031 0.22
KAS-18-12 790443 139.00 140.50 1.50 2.924 0.013 0.16
KAS-18-13 790444 60.50 61.50 1.00 2.754 0.009 0.05
KAS-18-13 790445 61.50 62.60 1.10 2.769 0.011 0.08
KAS-18-13 790446 62.60 64.00 1.40 3.054 0.012 0.1
KAS-18-13 790447 64.00 65.50 1.50 3.034 0.001 0.09
KAS-18-13 790448 65.50 67.00 1.50 3.032 0.009 0.19
KAS-18-13 790449 67.00 68.50 1.50 2.998 0.012 0.17
KAS-18-13 790450 68.50 70.00 1.50 3.026 0.001 0.28
KAS-18-13 790452 70.00 71.50 1.50 3.076 0.032 0.18
KAS-18-13 790453 71.50 73.00 1.50 3.002 0.026 0.19
KAS-18-13 790454 73.00 74.00 1.00 3.070 0.015 0.13
KAS-18-13 790456 74.00 75.10 1.10 3.141 0.015 0.06
KAS-18-13 790457 75.10 76.00 0.90 3.007 0.008 0.06
KAS-18-13 790458 76.00 77.00 1.00 3.016 0.001 0.04

19

==> picture [594 x 42] intentionally omitted <==

KAS-18-13 790459 77.00 78.00 1.00 3.070 0.012 0.12
KAS-18-13 790461 78.00 79.00 1.00 2.984 0.027 0.21
KAS-18-13 790462 79.00 80.00 1.00 3.000 0.093 0.19
KAS-18-13 790463 80.00 81.00 1.00 3.030 0.047 0.11
KAS-18-13 790464 81.00 82.00 1.00 3.051 0.519 0.28
KAS-18-13 790465 82.00 83.00 1.00 3.009 3.66 0.6
KAS-18-13 790467 83.00 84.00 1.00 2.951 3.41 1.05
KAS-18-13 790468 84.00 85.00 1.00 3.023 0.89 0.48
KAS-18-13 790469 85.00 86.00 1.00 2.977 0.066 0.08
KAS-18-13 790470 86.00 87.00 1.00 2.983 0.173 0.12
KAS-18-13 790471 87.00 88.00 1.00 3.025 0.764 0.27
KAS-18-13 790472 88.00 89.00 1.00 3.063 0.258 0.29
KAS-18-13 790473 89.00 90.00 1.00 3.141 0.385 0.37
KAS-18-13 790474 90.00 91.10 1.10 3.135 0.012 0.08
KAS-18-13 790475 91.10 92.00 0.90 2.913 0.039 0.04
KAS-18-13 790477 92.00 93.00 1.00 3.184 0.062 0.24
KAS-18-13 790478 93.00 94.00 1.00 3.037 0.077 0.08
KAS-18-13 790479 94.00 95.50 1.50 3.039 0.088 0.19
KAS-18-13 790481 95.50 97.00 1.50 3.076 0.061 0.42
KAS-18-13 790482 97.00 98.50 1.50 3.057 0.513 1.03
KAS-18-13 790483 98.50 100.00 1.50 3.078 0.011 0.67
KAS-18-13 790484 100.00 101.50 1.50 3.067 0.001 0.22
KAS-18-13 790485 101.50 103.00 1.50 3.151 0.008 0.17
KAS-18-13 790486 103.00 104.50 1.50 3.154 0.005 0.17
KAS-18-13 790487 104.50 106.00 1.50 3.100 0.006 0.22
KAS-18-13 790488 106.00 107.50 1.50 3.188 0.118 0.52
KAS-18-13 790489 107.50 109.00 1.50 3.146 0.007 0.46
KAS-18-13 790490 109.00 110.50 1.50 3.121 0.012 0.17
KAS-18-13 790491 110.50 112.00 1.50 3.146 0.048 0.24
KAS-18-13 790492 112.00 113.50 1.50 3.023 1.25 0.13
KAS-18-13 790493 113.50 115.00 1.50 2.980 0.049 0.03
KAS-18-14 790494 56.90 57.90 1.00 2.756 0.001 0.18
KAS-18-14 790495 57.90 58.90 1.00 2.799 0.001 0.14
KAS-18-14 790496 58.90 60.00 1.10 2.843 0.001 0.23
KAS-18-14 790497 60.00 61.00 1.00 2.757 0.001 0.09
KAS-18-14 790498 69.30 70.30 1.00 2.682 0.001 0.01
KAS-18-14 790499 70.30 71.30 1.00 2.767 0.01 0.07
KAS-18-14 790500 71.30 72.30 1.00 3.056 0.014 0.14

20

==> picture [594 x 42] intentionally omitted <==

KAS-18-14 759502 72.30 73.30 1.00 3.006 0.001 0.2
KAS-18-14 759503 73.30 74.50 1.20 3.026 0.001 0.11
KAS-18-14 759504 74.50 76.00 1.50 3.010 0.006 0.15
KAS-18-14 759506 76.00 77.50 1.50 2.991 0.001 0.07
KAS-18-14 759507 77.50 79.00 1.50 3.012 0.007 0.09
KAS-18-14 759508 79.00 80.50 1.50 3.028 0.005 0.25
KAS-18-14 759509 80.50 82.00 1.50 3.033 0.052 0.16
KAS-18-14 759511 82.00 83.50 1.50 3.042 0.008 0.06
KAS-18-14 759512 83.50 84.50 1.00 3.051 0.007 0.07
KAS-18-14 759513 84.50 85.50 1.00 3.112 0.026 0.05
KAS-18-14 759514 85.50 86.50 1.00 3.055 0.529 0.57
KAS-18-14 759515 86.50 88.00 1.50 3.043 0.303 0.15
KAS-18-14 759516 88.00 89.00 1.00 3.050 0.005 0.14
KAS-18-14 759517 89.00 90.00 1.00 3.000 0.659 0.47
KAS-18-14 759518 90.00 91.00 1.00 3.006 0.025 0.26
KAS-18-14 759519 91.00 92.00 1.00 3.023 0.001 0.13
KAS-18-14 759520 92.00 93.00 1.00 3.006 0.001 0.12
KAS-18-14 759521 93.00 94.00 1.00 2.936 4.18 0.66
KAS-18-14 759522 94.00 95.00 1.00 3.082 1.17 0.19
KAS-18-14 759523 95.00 96.00 1.00 3.020 1.35 0.77
KAS-18-14 759524 96.00 97.00 1.00 2.900 0.118 0.36
KAS-18-14 759525 97.00 98.00 1.00 2.947 0.02 0.62
KAS-18-14 759527 98.00 99.00 1.00 3.057 0.354 0.24
KAS-18-14 759528 99.00 99.90 0.90 3.090 6.87 0.43
KAS-18-14 759529 99.90 100.80 0.90 3.014 0.948 0.93
KAS-18-14 759531 100.80 101.70 0.90 3.007 8.42 1.52
KAS-18-14 759532 101.70 103.00 1.30 3.109 0.582 0.36
KAS-18-14 759533 103.00 104.00 1.00 3.035 0.746 0.42
KAS-18-14 759534 104.00 105.00 1.00 3.173 0.538 0.26
KAS-18-14 759535 105.00 106.00 1.00 3.123 0.165 0.1
KAS-18-14 759536 106.00 107.50 1.50 3.075 0.015 0.08
KAS-18-14 759537 107.50 108.30 0.80 3.063 0.005 0.05
KAS-18-14 759538 108.30 109.30 1.00 3.123 0.06 0.66
KAS-18-14 759539 109.30 110.50 1.20 3.135 0.008 0.45
KAS-18-14 759540 110.50 112.00 1.50 3.179 0.008 0.27
KAS-18-14 759541 112.00 113.50 1.50 3.166 0.014 0.13
KAS-18-15 759542 20.00 21.00 1.00 2.744 0.011 0.29
KAS-18-15 759543 21.00 21.70 0.70 2.772 0.005 0.14

21

==> picture [594 x 42] intentionally omitted <==

KAS-18-15 759544 21.70 22.80 1.10 2.799 0.009 0.08
KAS-18-15 759545 84.00 85.00 1.00 2.733 0.001 0.04
KAS-18-15 759546 85.00 85.90 0.90 2.745 0.001 0.08
KAS-18-15 759547 85.90 87.00 1.10 3.047 0.005 0.11
KAS-18-15 759548 87.00 88.00 1.00 3.010 0.001 0.06
KAS-18-15 759549 88.00 89.50 1.50 3.011 0.001 0.04
KAS-18-15 759550 89.50 91.00 1.50 3.007 0.001 0.08
KAS-18-15 759552 91.00 92.50 1.50 3.052 0.001 0.2
KAS-18-15 759553 92.50 94.00 1.50 3.041 0.006 0.1
KAS-18-15 759554 94.00 95.50 1.50 3.022 0.001 0.42
KAS-18-15 759556 95.50 97.00 1.50 2.993 0.001 0.07
KAS-18-15 759557 97.00 98.50 1.50 3.024 0.001 0.08
KAS-18-15 759558 98.50 100.00 1.50 3.029 0.001 0.18
KAS-18-15 759559 100.00 101.50 1.50 3.034 0.005 0.08
KAS-18-15 759561 101.50 103.00 1.50 3.057 0.009 0.03
KAS-18-15 759562 103.00 103.90 0.90 2.565 0.005 0.21
KAS-18-15 759563 103.90 104.80 0.90 3.059 0.001 0.1
KAS-18-15 759564 104.80 105.80 1.00 3.055 0.01 0.64
KAS-18-15 759565 105.80 106.80 1.00 3.075 0.005 0.08
KAS-18-15 759566 106.80 107.80 1.00 3.071 0.014 0.03
KAS-18-15 759567 107.80 108.70 0.90 3.093 0.001 0.1
KAS-18-15 759568 108.70 109.60 0.90 3.070 0.001 0.02
KAS-18-15 759569 109.60 110.50 0.90 3.010 0.014 0.11
KAS-18-15 759570 110.50 111.50 1.00 3.003 0.018 0.07
KAS-18-15 759571 111.50 112.50 1.00 3.068 0.069 0.1
KAS-18-15 759572 112.50 113.50 1.00 3.037 0.013 0.1
KAS-18-15 759573 113.50 114.50 1.00 2.654 3.83 1.31
KAS-18-15 759575 114.50 115.50 1.00 3.007 0.998 0.52
KAS-18-15 759577 115.50 116.50 1.00 2.977 0.714 0.57
KAS-18-15 759578 116.50 117.50 1.00 3.053 0.217 0.32
KAS-18-15 759579 117.50 118.50 1.00 3.030 1.62 1.15
KAS-18-15 759581 118.50 119.50 1.00 3.125 0.346 0.44
KAS-18-15 759582 119.50 120.10 0.60 2.890 0.673 1.15
KAS-18-15 759583 120.10 121.10 1.00 3.048 1.77 0.93
KAS-18-15 759584 121.10 122.20 1.10 3.079 1.26 0.57
KAS-18-15 759586 122.10 123.10 1.00 3.126 0.437 0.48
KAS-18-15 759587 123.10 124.10 1.00 3.120 3.02 1.05
KAS-18-15 759588 124.10 125.50 1.40 3.170 0.012 0.01

22

==> picture [594 x 42] intentionally omitted <==

KAS-18-15 759589 125.50 127.00 1.50 2.857 0.005 0.01
KAS-18-15 759590 127.00 128.00 1.00 3.022 0.046 0.06
KAS-18-15 759591 128.00 128.80 0.80 3.118 0.001 0.21
KAS-18-15 759592 128.80 129.60 0.80 3.109 0.013 0.2
KAS-18-15 759593 129.60 130.10 0.50 3.048 0.001 0.11
KAS-18-15 759594 130.10 131.30 1.20 3.113 0.001 0.27
KAS-18-15 759595 131.30 132.50 1.20 3.138 0.006 0.12
KAS-18-15 759596 132.50 133.00 0.50 2.994 0.001 0.17
KAS-18-15 759597 133.00 134.50 1.50 3.100 0.019 0.1

23

==> picture [595 x 45] intentionally omitted <==

About Ardiden Ltd

Ardiden Limited (ASX: ADV) is an emerging international diversified exploration and development company possessing a mature multielement asset portfolio, with a near term development pipeline, focused quality projects located in the established mining jurisdiction of Ontario, Canada.

The 100%-owned Seymour Lake Lithium Project comprises 16,654 Ha of mining claims and has over 4,000m of historic drilling. Mineralisation is hosted in extensive outcropping spodumene-bearing pegmatite structures with widths up to 26.13m and grades of up to 6.0% Li2O. These high-grade pegmatite structures have been defined over a 5km strike length.

The 100%-owned Wisa Lake Lithium project is located 80km east of Fort Frances, in Ontario, Canada and only 8km north of the Minnesota/US border. The property is connected to Highway 11 (Trans-Canada), which is located 65km north via an all-weather road that crosses the centre of the project. The Wisa Lake Lithium Project consists of five claims (1,200 hectares) and covers the historical drilling location of the North Zone. Ardiden is aiming to commence a limited drill program to drill test and verify the historical lithium results.

The Pickle Lake Gold Properties (under option to acquire 100%) are located within the prolific gold-producing Meen-Dempster Greenstone Belt of the Uchi Geological Sub-province of the Canadian Shield, in close proximity to several of the Company’s existing projects and to the regional mining centre of Thunder Bay. The Properties consists of four separate gold properties offering both advanced development opportunities and early stage exploration. Over 25,000m of historical diamond drilling completed across the Pickle Lake Gold Properties, confirming the potential for multiple extensive gold mineralised zones at both Dorothy-Dobie Lake and Kasagiminnis Lake, with gold mineralisation remaining open along strike and at depth.

The 100%-owned Root Lake Lithium Project is located in Ontario, Canada. The project comprises 1,013 Ha of mining claims and has over 10,000m of historic drilling. Mineralisation is hosted in extensive outcropping spodumene-bearing pegmatite structures with widths up to 19m and grades of up to 5.10% Li2O. In addition, tantalum grades of up to 380 ppm were intersected.

The 100%-owned Root Bay lithium project is strategically located approximately 5km to the east of the recently acquired Root Lake Lithium Project and consists of three claim areas, totalling 720 hectares. The project was staked by Ardiden as part of its regional exploration focus in and around the Root Bay spodumene-bearing pegmatite.

Initial observations of the exposed pegmatite are characterized by coarse white albite, grey quartz and pale grey-green spodumene crystals up to 10cm long.

The 100%-owned Manitouwadge Flake Graphite Project covers an area 5,300 Ha and has a 20km strike length of EM anomalies with graphite prospectivity. Previous preliminary metallurgical test work indicated that up to 80% of the graphite at Manitouwadge is high value jumbo or large flake graphite. Test-work also indicated that simple, gravity and flotation beneficiation can produce graphite purity levels of up to 96.8% for jumbo flake and 96.8% for large flake. With the proven caustic bake process, ultra-high purity (>99.95%) graphite can be produced. The graphite can also be processed into high value expandable graphite, high quality graphene and graphene oxide.

The 100%-owned Bold Properties project is located approximately 50km north-east of the town of Mine Centre in Ontario, Canada. The property is connected to Highway 11 (Trans-Canada), which is located 25km south via an all-weather road. The Bold Property Project consists of four claims (1,024 hectares) and covers a number of anomalous sulphide zones. In 1992, Hexagon Gold (Ontario) Ltd. completed a total of 17 drill holes in multiple locations on and around the Bold Property Project at various depths of up to 428m down-hole. The nine grab samples that were collected by Hexagon in 1992 returned encouraging cobalt, copper and nickel grades, confirming the significant exploration potential.

All projects located in an established mining province, with good access to infrastructure (road, rail, power, phone and port facilitates) and local contractors and suppliers.

Competent Person’s Statement

The information in this report that relates to exploration results for the Kasagiminnis Lake Property and is based on, and fairly represents, information and supporting geological information and documentation in this report has been reviewed by Mr Robert Chataway who is a member of the Association of Professional Geologists of Ontario. Mr Chataway is not a full-time employee of the Company. Mr Chataway is employed as a Consultant Geologist. Mr Chataway has more than five years relevant exploration experience and qualifies as a Competent Person as defined in the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code). Mr Chataway consents to the inclusion of the information in this report in the form and context in which it appears.

Forward Looking Statement

This announcement may contain some references to forecasts, estimates, assumptions and other forward-looking statements. Although the company believes that its expectations, estimates and forecast outcomes are based on reasonable assumptions, it can give no assurance that they will be achieved. They may be affected by a variety of variables and changes in underlying assumptions that are subject to risk factors associated with the nature of the business, which could cause actual results to differ materially from those expressed herein. All references to dollars ($) and cents in this presentation are to Australian currency, unless otherwise stated. Investors should make and rely upon their own enquires and assessments before deciding to acquire or deal in the Company’s securities.

24

JORC Code, 2012 Edition – Table 1

Section 1 Sampling Techniques and Data for the Kasagiminnis Lake Gold Property

(Criteria in this section apply to all succeeding sections.)

Criteria JORC Code explanation Commentary
Sampling
techniques		 • Nature and quality of sampling (eg cut channels, random chips, or
specific specialised industry standard measurement tools appropriate
to the minerals under investigation, such as down hole gamma
sondes, or handheld XRF instruments, etc). These examples should
not be taken as limiting the broad meaning of sampling.
• Include reference to measures taken to ensure sample representivity
and the appropriate calibration of any measurement tools or systems
used.
• Aspects of the determination of mineralisation that are Material to the
Public Report.
• In cases where ‘industry standard’ work has been done this would be
relatively simple (eg ‘reverse circulation drilling was used to obtain 1
m samples from which 3 kg was pulverised to produce a 30 g charge
for fire assay’). In other cases more explanation may be required,
such as where there is coarse gold that has inherent sampling
problems. Unusual commodities or mineralisation types (eg
submarine nodules) may warrant disclosure of detailed information.		 2018 Ardiden Ltd. Sampling and Assays
•
Samples from the Kasagiminnis property have been derived
from diamond drill core. The core has been logged, cut and
sampled by qualified personnel to industry best practise and
samples submitted to Actlabs in Ontario, a reputable and
certified facility.
•
Prior to shipping, all samples were routinely subjected to
wet/dry weight SG determination by Ardiden Ltd. personnel and
geological comments on each sample documented. The entire
half-core sample was used in this process.
•
All samples received by Actlabs were crushed to 80% passing
10mm. This was then riffle split to a 350g charge which was
pulverised to 90% passing 150 micron.
•
A 30g subsample was then subject to Fire Assay for Au, Pt
through an inductively coupled plasma optical emission
spectrometry (ICP-OES) technique.
•
Another 0.5g subsample is subjected to an Aqua Regia digest
and ICP for Ag, Al, As, B, Ba, Be, Bi, Ca, Cd, Co, Cr, Cu, Fe, Ga, Hg,
K, La, Mg, Mn, Mo, Na, Ni, P, Pb, S, Sb, Sc, Sr, Te, Ti, Tl, U, V, W,
Y, Zn and Zr.
•
A 0.2g subsample is subjected to Infra-Red analysis in an
induction furnace to determine S content.
•
Lab SG determinations were made at a rate of 1 in 50 as a check
against the values derived by Ardiden Ltd..
•
These techniques are considered appropriate for the

25

Criteria JORC Code explanation Commentary
mineralisation expected at the Kasagiminnis Property.
2011 Manicouagan Minerals Inc. Sampling and Assays
•
Nine holes (KAS‐11‐01 to KAS-11-14) totalling 2024 metres were
drilled to test a 400 metre interval along the 1,300 metre long
gold bearing zone (the Kasagiminnis Gold Zone).
•
A total of 2880 samples representing a combined length of
572.19 metres were collected for gold assay.
•
A selection of core samples were sawed, while all of the other
samples were split.
•
Sampling lengths ranged from 0.4 to 2.4 metres and averaged
1.0 metre. Samples collected were individually bagged and
labeled; individually bagged samples were then put into rice
bags for shipping to Accurassay Laboratories in Thunder Bay.
•
The samples were first analysed using standard fire assay
procedures with an AA/ICP finish.
•
Assay results greater than 2.50 gram per tonne were rerun
using a gravimetric finish.
•
These techniques are considered appropriate for the
mineralisation expected at the Kasagiminnis Property.
Other Sampling and Assays
•
Ardiden Ltd. is unable to verify the sampling techniques
previously used on the Pickle Lake Gold Properties.
•
All reference to historical drilling results at the Kasagiminnis
Lake gold deposits were sourced from publicly available
documents and are to be considered from a historical point of
view and not be relied upon.
•
Ardiden Ltd. views this historical data as a conceptual indication
of the potential size and grade of the gold deposits in the area,
and this data is relevant to ongoing exploration efforts. The
reader is further cautioned that the information in this section

26

Criteria JORC Code explanation Commentary
is not necessarily indicative of the mineralization on the
property that is the subject of this report. Sources included:
o Technical Report on Three Gold Exploration Properties
Pickle Lake Area, Ontario, Canada, for Manicouagan
Minerals Inc., G.A. Harron, P.Eng., G.A. Harron &
Associates Inc., October 13, 2009;
o Manicouagan Minerals Inc. Work Report of 2009
Diamond Drilling Program Dorothy-Dobie Lake Project
Pickle Lake Area, Ontario, Bruce W. Mackie P.Geo.,
Bruce Mackie Geological Consulting Services, 30
December 2009;
o Manicouagan Minerals Inc. Work Report of 2011 Phase
One and Two Diamond Drilling Programs Kasagiminnis
Lake Project Pickle Lake Area, Ontario, Bruce W. Mackie
P.Geo., Bruce Mackie Geological Consulting Services,
October 2011;
o Blackburn, C.E., Hailstone, M.R., Parker, J. and Story,
C.C., 1989, Kenora Resident Geologist’s Report – 1988;
p. 3-46 in Report of Activities 1988, Resident Geologists
edited by K.G. Fenwick, P.E. Giblin and A.E. Pitts, Ont.
Geol. Surtv, MP 142, 391 p;
o Seim, G.W., 1993, Mineral Deposits of the Central
Portion of the Uchi Subprovince, Vol. 1, Meen Lake to
Kasagiminnis Lake Portion, Ont. Geol. Surv. OFR 5869,
390p;
o the Trillium North Minerals Ltd.Summer 2007 Dorothy
Dobie Property Diamond Drill Program Dobie Lake,
Meen Lake and Kawashe Lake Areas Patricia Mining
District Ontario, Caitlin Jeffs, P.Geo. Fladgate
Exploration Consulting Corporation, 12 Jun 2008; and
o White Metal Resources Corporate Presentation,January

27

Criteria JORC Code explanation Commentary
2017.
Drilling
techniques		 • Drill type (eg core, reverse circulation, open-hole hammer, rotary air
blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple
or standard tube, depth of diamond tails, face-sampling bit or other
type, whether core is oriented and if so, by what method, etc).		 2018 Ardiden Ltd. Drilling
•
All samples and geological information has been derived from
diamond core using standard equipment of BTW size (41.3mm
diameter)
•
The holes were completed by Forage M3 Drilling of Ontario in 2018
•
The core was unoriented
2011 Manicouagan Minerals Inc. Drilling
•
All samples and geological information has been derived from
diamond core using standard equipment of BTW size (41.3mm
diameter)
•
The holes were completed by Cartwright Diamond Drilling Company
of Newfoundland in 2011
•
The core was unoriented
Other Historical Drilling
•
Ardiden Ltd. is unable to verify the drilling techniques used on Pickle
Lake Gold Properties. All reference to historical diamond drilling
results were sourced from publicly available documents and are to
be considered from a historical point of view and not relied upon.
•
Ardiden Ltd. views this historical data as a conceptual indication of
the potential size and grade of the gold deposits in the area, and
this data is relevant to ongoing exploration efforts. The reader is
further cautioned that the information in this section is not
necessarily indicative of the mineralization on the property that is
the subject of this report. Sources included:
o Technical Report on Three Gold Exploration Properties
Pickle Lake Area, Ontario, Canada, for Manicouagan
Minerals Inc., G.A. Harron, P.Eng., G.A. Harron &
Associates Inc.,October 13,2009;

28

Criteria JORC Code explanation Commentary
o Manicouagan Minerals Inc. Work Report of 2009
Diamond Drilling Program Dorothy-Dobie Lake Project
Pickle Lake Area, Ontario, Bruce W. Mackie P.Geo.,
Bruce Mackie Geological Consulting Services, 30
December 2009;
o Manicouagan Minerals Inc. Work Report of 2011 Phase
One and Two Diamond Drilling Programs Kasagiminnis
Lake Project Pickle Lake Area, Ontario, Bruce W. Mackie
P.Geo., Bruce Mackie Geological Consulting Services,
October 2011;
o Blackburn, C.E., Hailstone, M.R., Parker, J. and Story,
C.C., 1989, Kenora Resident Geologist’s Report – 1988;
p. 3-46 in Report of Activities 1988, Resident Geologists
edited by K.G. Fenwick, P.E. Giblin and A.E. Pitts, Ont.
Geol. Surtv, MP 142, 391 p;
o Seim, G.W., 1993, Mineral Deposits of the Central
Portion of the Uchi Subprovince, Vol. 1, Meen Lake to
Kasagiminnis Lake Portion, Ont. Geol. Surv. OFR 5869,
390p;
o the Trillium North Minerals Ltd.Summer 2007 Dorothy
Dobie Property Diamond Drill Program Dobie Lake,
Meen Lake and Kawashe Lake Areas Patricia Mining
District Ontario, Caitlin Jeffs, P.Geo. Fladgate
Exploration Consulting Corporation, 12 Jun 2008; and
o White Metal Resources Corporate Presentation, January
2017.
Drill sample
recovery		 • Method of recording and assessing core and chip sample recoveries
and results assessed.
• Measures taken to maximise sample recovery and ensure
representative nature of the samples.
• Whether a relationship exists between sample recovery and grade
and whether sample bias may have occurred due to preferential		 2018 Ardiden Ltd. Drill Sample Recovery
•
All drill core was measured and compared to actual drilled depths
on a run-by-run basis to determine core recovery and Rockmass
Quality Data (RQD). Recoveries to date have averaged higher than
99.9% with the only loss of material coming from the overburden.

29

Criteria JORC Code explanation Commentary
loss/gain of fine/coarse material. This horizon is not considered prospective for Ardiden Ltd.’s
purposes.
•
Core recovery through the mineralised zones is 100%.
2011 Manicouagan Minerals Inc. Drill Sample Recovery
•
Core recovery for the program was not reported
•
Only one section of poor recovery was documented in hole KAS-11-
01 from 67.6m to 70.15m which was not in the mineralised zone.
Other Historical Drill Sample Recovery
•
Ardiden Ltd. is unable to verify the drilling sample techniques used
on Pickle Lake Gold Properties. All reference to historical drilling
results were sourced from publicly available documents and are to
be considered from a historical point of view and not relied upon.
•
Ardiden Ltd. views this historical data as a conceptual indication of
the potential size and grade of the gold deposits in the area, and
this data is relevant to ongoing exploration efforts. The reader is
further cautioned that the information in this section is not
necessarily indicative of the mineralization on the property that is
the subject of this report. Sources included:
o Technical Report on Three Gold Exploration Properties
Pickle Lake Area, Ontario, Canada, for Manicouagan
Minerals Inc., G.A. Harron, P.Eng., G.A. Harron &
Associates Inc., October 13, 2009;
o Manicouagan Minerals Inc. Work Report of 2009
Diamond Drilling Program Dorothy-Dobie Lake Project
Pickle Lake Area, Ontario, Bruce W. Mackie P.Geo.,
Bruce Mackie Geological Consulting Services, 30
December 2009;
o Manicouagan Minerals Inc. Work Report of 2011 Phase

30

Criteria JORC Code explanation Commentary
One and Two Diamond Drilling Programs Kasagiminnis
Lake Project Pickle Lake Area, Ontario, Bruce W. Mackie
P.Geo., Bruce Mackie Geological Consulting Services,
October 2011;
o Blackburn, C.E., Hailstone, M.R., Parker, J. and Story,
C.C., 1989, Kenora Resident Geologist’s Report – 1988;
p. 3-46 in Report of Activities 1988, Resident Geologists
edited by K.G. Fenwick, P.E. Giblin and A.E. Pitts, Ont.
Geol. Surtv, MP 142, 391 p;
o Seim, G.W., 1993, Mineral Deposits of the Central
Portion of the Uchi Subprovince, Vol. 1, Meen Lake to
Kasagiminnis Lake Portion, Ont. Geol. Surv. OFR 5869,
390p;
o the Trillium North Minerals Ltd.Summer 2007 Dorothy
Dobie Property Diamond Drill Program Dobie Lake,
Meen Lake and Kawashe Lake Areas Patricia Mining
District Ontario, Caitlin Jeffs, P.Geo. Fladgate
Exploration Consulting Corporation, 12 Jun 2008; and
o White Metal Resources Corporate Presentation, January
2017.
Logging • Whether core and chip samples have been geologically and
geotechnically logged to a level of detail to support appropriate
Mineral Resource estimation, mining studies and metallurgical
studies.
• Whether logging is qualitative or quantitative in nature. Core (or
costean, channel, etc) photography.
• The total length and percentage of the relevant intersections logged.		 2018 Ardiden Ltd. Diamond Core Logging
• All diamond core has been marked up, inspected and logged by
suitably trained and qualified personnel.
• Logging detail includes Depth, Hole Orientation, Lithology,
Alteration, Veining, Mineralogy, Mineralised Zonation, RQD,
Magnetic Susceptibility and Structure. These methods involve a
combination of both qualitative and quantitative determinations.
• Auditing of this data will be performed by external parties prior to
use in Mineral Resource determinations.
• All datagenerated is considered adequate for Mineral Resource

31

Criteria JORC Code explanation Commentary
determinations at this time subject to the above audit taking place.
2011 Manicouagan Minerals Inc. Diamond Core Logging
•
All diamond core was marked up, inspected and logged by suitably
trained and qualified personnel.
•
Lithologies were described in sufficient detail so as a favourable
direct comparison could be made with the 2018 drilling to confirm
the historical geology
Other Historical Diamond Core Logging
• Ardiden Ltd. is unable to verify the drill core logging completed on
Pickle Lake Gold Properties.
• All reference to historical drilling results were sourced from publicly
available documents and are to be considered from a historical point
of view and not relied upon.
• Ardiden Ltd. views this historical data as a conceptual indication of
the potential size and grade of the gold deposits in the area, and this
data is relevant to ongoing exploration efforts. The reader is further
cautioned that the information in this section is not necessarily
indicative of the mineralization on the property that is the subject of
this report.
Sub-sampling
techniques
and sample
preparation		 • If core, whether cut or sawn and whether quarter, half or all core
taken.
• If non-core, whether riffled, tube sampled, rotary split, etc and
whether sampled wet or dry.
• For all sample types, the nature, quality and appropriateness of the
sample preparation technique.
• Quality control procedures adopted for all sub-sampling stages to
maximise representivity of samples.
• Measures taken to ensure that the sampling is representative of the in
situ material collected, including for instance results for field
duplicate/second-half sampling.		 2018 Ardiden Ltd. Sampling
• All samples have been derived from BTW diamond core and have
been cut in half or quartered using a standard brick saw. Foliation is
aligned perpendicular to the cut. This technique is considered
appropriate for the mineralisation historically observed at the
Kasagiminnis Lake Property.
• Field duplicates (half-core cut in half again) have been submitted to
the lab at a rate of 1 in 50 to evaluate the sampling technique as per
standard industry practise.
• Ardiden Ltd. has retained and stored all remaininghalf-core samples

32

Criteria JORC Code explanation Commentary
• Whether sample sizes are appropriate to the grain size of the material
being sampled.		 for future reference/use.
2011 Manicouagan Minerals Inc. Sampling
• A total of 472 samples representing a combined length of 458.2
metres were collected for gold assay.
• A selection of core samples were sawed, while all of the other
samples were split. This method is considered adequate for the
mineralisation historically observed at the Kasagiminnis Lake
Property.
• Sampling lengths ranged from 0.4 to 1.8 metres and averaged ~1.0
metres.
• No field duplicates were recorded as taken.
Other Historical Sampling
• Ardiden Ltd. is unable to verify the sampling techniques used on
Pickle Lake Gold Properties.
• All reference to historical drilling results were sourced from publicly
available documents and are to be considered from a historical point
of view and not relied upon.
• Ardiden Ltd. views this historical data as a conceptual indication of
the potential size and grade of the gold deposits in the area, and this
data is relevant to ongoing exploration efforts. The reader is further
cautioned that the information in this section is not necessarily
indicative of the mineralization on the property that is the subject of
this report.
Quality of
assay data
and
laboratory
tests		 • The nature, quality and appropriateness of the assaying and
laboratory procedures used and whether the technique is considered
partial or total.
• For geophysical tools, spectrometers, handheld XRF instruments, etc,
the parameters used in determining the analysis including instrument
make and model, reading times, calibrations factors applied and their
derivation, etc.		 2018 Ardiden Ltd. QAQC
• A lab audit of Actlabs, Ontario will be conducted in the near future
by Ardiden Ltd. personnel and/or external consultants. Actlabs is a
certified lab and subject to its own internal QAQC processes.
• Actlabs digest processes are considered total and appropriate for
this style of mineralisation.

33

Criteria JORC Code explanation Commentary
• Nature of quality control procedures adopted (eg standards, blanks,
duplicates, external laboratory checks) and whether acceptable levels
of accuracy (i.e. lack of bias) and precision have been established.		 • Ardiden Ltd. determined SG values have been derived from whole-
sample wet/dry weights using a suitable set of electronic scales as
per industry standard practise.
• Field duplicates have been derived at a rate of 1 in 50 samples.
• Certified Au Standards and Blanks have been inserted into the
sample stream at a rate of 1 in 25.
• Until assays are received no quantitative analysis of QAQC results
can be determined. No bias from the sampling and assay techniques
employed is expected.
• Actlabs is subject to its own internal QAQC determinations. A
duplicate sample is generated for_crushed_samples at a rate of 1 in
50. Another duplicate for_pulverised_samples is generated at a rate of
1 in 30.
• Lab instruments are calibrated every 45 samples.
• Lab blanks (x2), certified reference materials (x2) and sample
duplicates (x3) are analysed within every 42 samples in the batch
tray.
2011 Manicouagan Minerals Inc. QAQC
• Actlabs digest processes are considered total and appropriate for
this style of mineralisation.
• Certified Au Standards and Blanks were inserted into the sample
stream at a rate of 1 in 25. Ardiden has viewed the results and they
are considered acceptable.
• No bias from the sampling and assay techniques employed is
expected.
• Actlabs is subject to its own internal QAQC determinations. A
duplicate sample is generated for_crushed_samples at a rate of 1 in
50. Another duplicate for_pulverised_samples is generated at a rate of
1 in 30. Ardiden has viewed the results and they are considered
acceptable.

34

Criteria JORC Code explanation Commentary
Other Historical QAQC
• Ardiden Ltd. is unable to verify the assay techniques used on Pickle
Lake Gold Properties.
• All assay results reported are historical and were sourced from
publicly available documents and are to be considered from a
historical point of view and not relied upon.
• Ardiden Ltd. views this historical data as a conceptual indication of
the potential size and grade of the gold deposits in the area, and this
data is relevant to ongoing exploration efforts. The reader is further
cautioned that the information in this section is not necessarily
indicative of the mineralization on the property that is the subject of
this report
verification of
sampling and
assaying		 • The verification of significant intersections by either independent or
alternative company personnel.
• The use of twinned holes.
• Documentation of primary data, data entry procedures, data
verification, data storage (physical and electronic) protocols.
• Discuss any adjustment to assay data.		 2018 Ardiden Ltd. Sample Verification
• Significant intersection assays, widths and calculations are verified
by external consultants in both Canada and Australia.
• Twinned holes have not been employed as a check to the current
program at this stage.
• All data is electronically logged in Excel and stored in a dropbox. A
master copy of this data exists on the Ardiden Ltd. server in
Australia.
• The data is imported into Micromine software for visual checks and
database validation
• Grades for significant intersections are calculated on length and SG
weighted averages.
2011 Manicouagan Minerals Inc. Sample Verification
•
Significant intersection assays, widths and calculations have been
verified by external consultants after drilling and checks have been
conducted by Ardiden Limited.
•
Thisprogram drilled close to but did not twin earlier holes.

35

Criteria JORC Code explanation Commentary
•
Ardidens 2018 drilling drilled close to but did not twin earlier holes.
•
All data was logged and then entered electronically into Gemcom
software and the data retained by Manicouagan Minerals.
•
Ardiden has received an electronic copy of this data from White
Metals and has run it through validation checks.
Other Historical Sample Verification
• Ardiden Ltd. is unable to verify the assay techniques used on Pickle
Lake Gold Properties.
• All assay results reported are historical and were sourced from
publicly available documents and are to be considered from a
historical point of view and not relied upon.
• Ardiden Ltd. views this historical data as a conceptual indication of
the potential size and grade of the gold deposits in the area, and this
data is relevant to ongoing exploration efforts. The reader is further
cautioned that the information in this section is not necessarily
indicative of the mineralization on the property that is the subject of
this report.
Location of
data points		 • Accuracy and quality of surveys used to locate drill holes (collar and
down-hole surveys), trenches, mine workings and other locations
used in Mineral Resource estimation.
• Specification of the grid system used.
• Quality and adequacy of topographic control.		 2018 Ardiden Ltd. Sample Locations
• The current program of drilling is subject to suitable location and
orientation techniques given the technically difficult nature of the
location and magnetic lithologies.
• Initially, hole locations have been placed in NAD83-15 using a hand-
held GPS and notes have been recorded on how these locations
relate to existing holes and clearing. A DGPS was employed at the
end of the program to survey Ardiden Ltd.’s recent drill collars and
also existing historical collars in the immediate area.
• The drill rig was aligned to planned azimuth using a Reflex
Northfinder APS, a true-north seeking gyro prior to collaring. A
second APS reading was taken after collaring and applied to the first
surveyof the hole as minor deviation when collaringthroughglacial

36

Criteria JORC Code explanation Commentary
till is common.
• Downhole surveys were conducted using a Reflex multishot digital
camera. This instrument records dip, magnetic azimuth, roll,
temperature and magnetism. Surveys generally became magnetically
affected by the mineralisation host rock after the third or fourth
survey and on other occasions no effect was observed. By this time it
was possible to use the APS bearing and first couple of hole surveys
to predict the azimuth of the hole trace accurately given the history
of drilling in the area. Dip readings are not affected by magnetism.
• Surveys were all calculated to UTM (Grid North) taking into account
magnetic declination (2018 Canadian Geological Survey Model
model) and grid convergence at Kasagiminnis.
2011 Manicouagan Minerals Inc. Sample Locations
•
Drill hole collars were spotted using a hand held GPS device in
NAD83-15. The holes were aligned using a Silva Compass.
•
In 2018 Ardiden located and surveyed using a DGPS the following
holes; KAS-11-04 to KAS-11-09; KAS-11-12 and KAS-11-13.
•
Downhole surveys were accomplished using a magnetic downhole
camera, the make of which cannot be verified.
•
Ardiden has reviewed the camera shots and minor adjustments
have been made to downhole magnetic readings to better
approximate normal deviation observed at Kasagiminnis in both
historical and the 2018 Ardiden drilling.
Other Historical Sample Locations
• Ardiden Ltd. is unable to verify the location of the data points used
on Pickle Lake Gold Properties.
• All drill locations reported are historical and were sourced from
publicly available documents and are to be considered from a
historicalpoint of view and not relied upon.

37

Criteria JORC Code explanation Commentary
• Ardiden Ltd. views this historical data as a conceptual indication of
the potential size and grade of the gold deposits in the area, and this
data is relevant to ongoing exploration efforts. The reader is further
cautioned that the information in this section is not necessarily
indicative of the mineralization on the property that is the subject of
this report.
Data spacing
and
distribution		 • Data spacing for reporting of Exploration Results.
• Whether the data spacing and distribution is sufficient to establish the
degree of geological and grade continuity appropriate for the Mineral
Resource and Ore Reserve estimation procedure(s) and
classifications applied.
• Whether sample compositing has been applied.		 2018 Ardiden Ltd. Data Points
•
The current program is testing to determine the parameters
required to meet this criteria sufficiently should a Mineral Resource
calculation be a future outcome toward which more drilling will be
conducted.
•
Character sample lengths have been determined based on Lithology
and sulphide content. There is historically a positive correlation
between gold and pyrrhotite replacement of magnetite. Maximum
sample widths were set at 1.5m with a minimum sample width of
0.5m required to meet lab sample charge requirements.
•
No sample composites have been created.
2011 Manicouagan Minerals Inc. Data Points
•
Sampling lengths ranged from 0.4 to 1.8 metres and averaged ~1.0
metre.
•
Hole spacing was close enough to demonstrate continuity of
mineralisation only on a broad scale.
•
No sample composites were created.
Other Historical Data Points
•
Ardiden Ltd. is unable to verify the spacing and distribution of the
data points used on Pickle Lake Gold Properties.
•
All drill data reported are historical and were sourced from publicly
available documents and are to be considered from a historical
point of view and not relied upon.

38

Criteria JORC Code explanation Commentary
•
Ardiden Ltd. views this historical data as a conceptual indication of
the potential size and grade of the gold deposits in the area, and
this data is relevant to ongoing exploration efforts. The reader is
further cautioned that the information in this section is not
necessarily indicative of the mineralization on the property that is
the subject of this report.
Orientation of
data in
relation to
geological
structure		 • Whether the orientation of sampling achieves unbiased sampling of
possible structures and the extent to which this is known, considering
the deposit type.
• If the relationship between the drilling orientation and the orientation
of key mineralised structures is considered to have introduced a
sampling bias, this should be assessed and reported if material.		 2018 Ardiden Ltd. Drilling
• Due to the difficulty in mobilising and moving drill rigs at
Kasagiminnis, a series of holes are generally drilled from one
location. Both dip and azimuth changes are performed. Thus it will
be rare that any drill hole will intersect the mineralisation in a purely
perpendicular manner. 3D modelling of the intersections will allow
for accurate true width calculations and true horizontal widths will
be quoted with any assayed intersections.
• Sections with a scale will be shown with drill results to enable visual
true width comparison.
• There is no expected assay bias resulting from the orientation of
drilling due to the nature of mineralisation observed at the
Kasagiminnis Lake Property.
2011 Manicouagan Minerals Inc. Drilling
• The 2011 drilling followed a similar approach to the 2018 Ardiden
drilling, essentially intersecting mineralisation perpendicular to strike
but ad varying degrees of dip.
• 3D modelling of the intersections will allow for accurate true width
calculations and true horizontal widths will be quoted with any
assayed intersections.
• Sections with a scale will be shown with drill results to enable visual
true width comparison.
• There is no expected assaybias resultingfrom the orientation of

39

Criteria JORC Code explanation Commentary
drilling due to the nature of mineralisation observed at the
Kasagiminnis Lake Property.
Other Historical Sampling
• Ardiden Ltd. is unable to verify the orientation of the data in relation
to the geology on Pickle Lake Gold Properties.
• All drill data reported are historical and were sourced from publicly
available documents and are to be considered from a historical point
of view and not relied upon.
• Ardiden Ltd. views this historical data as a conceptual indication of
the potential size and grade of the gold deposits in the area, and this
data is relevant to ongoing exploration efforts. The reader is further
cautioned that the information in this section is not necessarily
indicative of the mineralization on the property that is the subject of
this report.
Sample
security		 • The measures taken to ensure sample security. 2018 Ardiden Ltd. Chain of Custody
• Samples are kept on location until a hole is fully sampled. The
samples are then taken directly to the lab by Ardiden Ltd. personnel
without the use of any intermediaries.
2011 Manicouagan Minerals Inc. Chain of Custody
•
Samples collected were individually bagged and labelled;
individually bagged samples were then put into rice bags for
shipping to Accurassay Laboratories in Thunder Bay.
Other Historical Chain of Custody
• Ardiden Ltd. is unable to verify the security of historical data.

40

Criteria JORC Code explanation Commentary
Audits or
reviews		 • The results of any audits or reviews of sampling techniques and data. • A full sample review was conducted prior to writing sampling,
logging and QAQC procedures to be implemented for any future
drilling.
• These procedures were then used for the current program and
supervised internally by Ardiden Ltd. personnel in charge of the due-
diligence program.
• The receipt of assay results will enable checks to be performed and
conclusions to be drawn.

41

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