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Ardiden Limited (ASX:ADV)

ALERT: Price-sensitive ASX Announcement for ADV
Current share price for ADV : $0.345 -0.04 (-10.39%)+
Announcement
Release
28 Apr 2026 8:19AM
Price at Release
$0.385
Full Release
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Summary
Ardiden Limited has announced the acquisition of the historic Golden Patricia Gold Mine from Barrick, enhancing its position in the Pickle Lake Gold District of Ontario, Canada. The acquisition includes a 100% interest in this high-grade legacy mine, known for its notable production of 619,796 ounces of gold at an average grade of 16.48 g/t Au during its operational years from 1988 to 1997. This strategic acquisition consolidates Ardiden's land position in the area, offering significant exploration upside along a 3.3 km mineralised corridor. The transaction is structured as a non-cash deal, involving a 2% net smelter royalty to Barrick and the assumption of environmental liabilities by Ardiden. This move also positions Ardiden across two major Archean gold belts in Canada, further diversifying its portfolio.
Key Points
  • Ardiden acquires historic Golden Patricia Gold Mine from Barrick.
  • Golden Patricia historically produced 619,796 oz of gold at 16.48 g/t Au.
  • Acquisition solidifies Ardiden's position in the Pickle Lake Gold District.
  • Transaction involves a 2% NSR royalty to Barrick, no cash payment.
  • Includes assumption of environmental liabilities by Ardiden.
  • Positions Ardiden across Uchi and Abitibi gold belts in Canada.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.