Cardinal Resources Ltd: Investor Presentation - Fast Tracking Development Exploration in Northeast Ghana
Perth- Cardinal Resources Ltd. (ASX:CDV) (TSE:CDV) (OTCMKTS:CRDNF) provides the Company's latest Investor Presentation.WHY INVEST IN CARDINAL?
- Flagship Namdini Gold Project
o 4.3 MozAu Indicated at 1.1 g/t
o 3.1 Moz Au Inferred at 1.2 g/t
o Cut off grade -0.5 g/t
o Single open pit
o Discovery Cost ~ US$6 per oz
- Significant regional land package (900km2)
o Further exploration upside
- Proven board and management team
o Experienced exploring and developing mines in Africa
o Extensive in-country and international expertise
- Robust balance sheet
- Global institutional shareholders
NEW FRONTIER: NORTHERN GHANA
- Mineral-Prolific Region
- Paleoproterozoic Granite-Greenstone Belt
o Underexplored compared to Southern Ghana
- Well-Established Local Infrastructure
o 30km-National HV hydro grid power
o 7km-Continuous water supply -White Volta River
o 25km-Sealed national highway
- Excellent Community Relationships
o Facilitates rapid development objective
- Open Savannah Grassland
o Low population density
- Mining License Granted for 15 years renewable
To view the full presentation, please visit:
http://abnnewswire.net/lnk/N136E4K8
About Cardinal Resources Ltd:
Cardinal Resources Ltd. (ASX:CDV) (TSE:CDV) (OTCMKTS:CRDNF) is a West African gold-focused exploration and development Company which holds interests in tenements within Ghana, West Africa.
The Company’s Namdini Project has a declared Indicated Mineral Resource of 120 Mt @ 1.1 g/t for 4.3 Moz Au and an Inferred Mineral Resource of 84 Mt @ 1.2 g/t for 3.1 Moz (refer to Cardinal “Technical Report on Namdini” dated 11 September 2017). The Company is focused on the development of the Namdini Project through a resource expansion drilling programme and continues to advance the PEA / Scoping Study which is now due for release in Q1 2018. In parallel, a pre-feasibility study is progressing supported by additional multi-disciplinary engineering activities. Exploration activity is also underway on its large portfolio of regional exploration Licenses.
For more information on the Company, Investors should review the Company’s filings that are available at http://www.sedar.com<
Contact:
Archie Koimtsidis CEO / MD
Cardinal Resources Ltd.
E: archie@cardinalresources.com.au
Alec Rowlands IR / Corp Dev
Cardinal Resources Ltd.
E: alec@cardinalresources.com.au
