Ardiden Ltd.: New Exploration Programs Commence at Manitouwadge

Perth - Ardiden Limited (ASX:ADV) is pleased to advise that the next phase of exploration has commenced at its 100% owned Manitouwadge Flake Graphite Project in Ontario, Canada with its exploration team currently on the ground at the Silver Star North prospect conducting structural interpretation and mapping programs.


HIGHLIGHTS:

- Ardiden's geological team is now on the ground at the Manitouwadge Flake Graphite Project in Ontario, Canada.

- The initial focus is to complete structural interpretation and mapping of the high grade zones at the Silver Star North and Silver Birch prospects.

- The results will be used to ground-truth the 2015 drilling results to identify extensions of the high grade graphite zones and define further targets ahead of the next phase of drilling. All data collected will be included in any future resource models.

Once the current phase of work has been completed at Silver Star North, the geological team will move across to commence a limited program of structural interpretation and exploration at the Silver Birch prospect.

Ardiden notes that the commencement of this phase of exploration program at the Manitouwadge project has been delayed this year due to the heavy work load associated with the due diligence, acquisition and development of the Company's two key lithium projects of Root Lake and Seymour Lake.

The initial focus of the current program at Manitouwadge is to undertake a full structural interpretation of the drill core with a specific focus on the continuity of the identified high tenor jumbo flake graphite zones at both the Silver Star North and Silver Birch prospects.

As announced by Ardiden on 5 January 2016, the 2015 drilling program at the Silver Star North prospect consisted of 2,000m of diamond drilling which intersected numerous high grade graphite zones, returning grades of up to 14.19% Total Graphite Carbon (TGC).

A petrographic review of the drill core samples from the Silver Star North prospect also confirmed the high quality potential of the graphite zones.

This analysis confirmed the presence of jumbo (>300 microns) and super jumbo (>500 microns) graphite flakes with some flakes measuring up to 4,200 microns. The presence of these jumbo and super-jumbo graphite flakes at the project has the potential to attract a significant price premium compared with the more commonly found fine and medium flake graphite.

Some of the high-grade graphite mineralisation zones intersected during the 2015 drilling program were identified some 50 metres below surface, which could reduce the potential to recover economic graphite ore.

The results obtained from this current exploration and review program will therefore assist Ardiden to structurally orientate the 2015 drilling core and to ground truth potential extensions of the highgrade graphite mineralisation zones located at or close to surface.

Finally, this program will also help Ardiden to further define and prepare additional drill-ready targets ahead of the next phase of drilling on the project. All data collected will be included in any future resource models.

Ardiden looks forward to providing further updates and results from this exploration programs as they come to hand.

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About Ardiden Ltd:

Ardiden Ltd. (ASX:ADV) is an Australian mineral exploration company seeking to generate shareholder wealth by identifying, acquiring and developing mineral projects in any jurisdiction that possess the potential for cashflow and growth.



Contact:

Ardiden Ltd.
E: info@ardiden.com.au
www.ardiden.com.au

Brad Boyle
Ardiden Ltd.
Tel: +61-8-6555-2950

Nicholas Read
Read Mobile: +61-419-929-046