Ardiden Ltd.: Quarterly Activities Report ending 30th September, 2017

Perth - Ardiden Ltd. (ASX:ADV) provides the Company's Quarterly Activities Report for the period ending 30th September, 2017.

HIGHLIGHTS

SEYMOUR LAKE LITHIUM PROJECT, Ontario (100%-owned)

- Maiden JORC compliant Indicated and Inferred Mineral Resource Estimate ("MRE") completed for the North Aubry deposit of 1.23Mt at 1.43% Li2O for 8,200 tonnes of contained lithium ("Stage 1 Seymour Mineral Resource Estimate").

- The establishment of the Stage 1 Seymour Mineral Resource Estimate was designed to:

1. Satisfy the key condition precedent of the binding term sheet with Ardiden's strategic development partner, Yantai Jinyuan Mining Machinery Co. Ltd ("Yantai");

2. Commence metallurgical test work on bulk samples representing the estimated resource, with this test work being carried out by Yantai; and

3. Advance support from the Ontario Ministry of Northern Development and Mines (MNDM) and Whitesand First Nation Group for future mine development and production.

- The Stage 1 Seymour Mineral Resource Estimate covers only a limited strike length of the North Aubry mineralised zone, with the mineralisation remaining open at depth and in all directions along strike.

- Initial Exploration Targets ("ET") established for the Central and South Aubry prospect areas, as well as extensions to North Aubry.

- Expanded mapping program, including aerial fly-over, commenced.

LITHIUM METALLURGICAL TESTWORK

- Outstanding metallurgical results received from single-stage flotation testwork on drill core samples from North Aubry, demonstrating high lithium recoveries and the ability to produce high-grade product up to 6.16% Li2O.

- Initial Heavy Liquid Separation (HLS) testwork on the head sample produced a high-grade lithium concentrate of up to 6.74% Li2O.

- Comprehensive metallurgical testwork program commenced at Yantai's laboratory in China on bulk samples extracted from the North Aubry deposit. This program has been overseen at Yantai's laboratory by Ardiden's Technical Director, Dr Michelle Li.

CORPORATE

- Completion of Share Placement and Share Purchase Plan (SPP), which successfully raised $1.8M.

- Completion of acquisition of 100% interest in Seymour Lake Lithium Project, with the final instalment payments of cash and shares made to the project vendor.

- Completion of acquisition of 100% interest in Wisa Lake Lithium Project, with a re-negotiated reduced final cash payment made to the vendor.

- Option Agreement signed with White Metal Resources Corp. (CVE:WHM) to acquire 100% of the Pickle Lake Gold Properties in Ontario, Canada. The proposed acquisition includes four separate gold properties offering both advanced development opportunities and early-stage exploration.

- Commenced searching for an ASX experienced geologist / mining engineer to be appointed as a Strategic Advisor / Independent Non-Executive Director to strengthen the Board's skill-sets.

To view the full report with tables and figures, please visit:
http://abnnewswire.net/lnk/I59744J7

About Ardiden Ltd:

Ardiden Ltd. (ASX:ADV) is an emerging international strategic metals company which is focused on the exploration, evaluation and development of four 100 per cent owned projects located in the established mining jurisdiction of Ontario, Canada.



Contact:

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

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