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TETAR..........................I REST MY CASE..........................JOKER
TETAR........................................https://www.otcmarkets.com/stock/TETAR/disclosure........................................
TETAR............................................................F. Earnings Per Share
The computations of basic and fully diluted net income per share are as follows:
2022 2021 2022 2021
Basic:
Net income attributable to Teton shareholders 250,525 $ 612,607 $ 879,282 $ 1,266,038 $
Weighted average shares outstanding 1,263,961 1,260,988 1,262,482 1,260,988
Basic net income per share 0.20 $ 0.49 $ 0.70 $ 1.00 $
Fully diluted:
Net income attributable to Teton shareholders 250,525 $ 612,607 $ 879,282 $ 1,266,038 $
Weighted average shares outstanding 1,273,576 1,270,705 1,273,118 1,270,937
Fully diluted net income per share 0.20 $ 0.48 $ 0.69 $ 1.00 $
Three Months Ended June 30,
TETAR......Teton Advisors, Inc. and Subsidiaries
Condensed Consolidated Statements of Financial Condition
` (Unaudited)
June 30, December 31,
2022 2021
ASSETS
Cash and cash equivalents $ 21,506,861 13,086,588 $
Investment advisory fees receivable 1,125,947 1, 374,135
Distribution and shareholder service expense reimbursement receivable 43,537 53,086
Receivable from affiliates 2,800 1,900
Investment in securities - 1,476,608
Income tax receivable - 79,731
Contingent deferred sales commissions 8,866 17,827
Deferred tax asset 3, 3,421,366 452,913
Intangible assets, net (Note B) 3, 3,536,960 699,909
Right-of-use assets 328,140 385,352
Other assets (net of accumulated depreciation of $38,541 and $46,326 respectively) 474,717 276,039
Total assets $ 30,768,922 23,584,360 $
LIABILITIES AND STOCKHOLDERS' EQUITY
Due to broker $ 7, - $ 999,316
Compensation payable 656,394 707,926
Payable to affiliates 266,221 395,745
Distribution costs payable 224,809 233,409
Income tax payable 23,225 -
Lease liabilities 376,076 447,469
Accrued expenses and other liabilities 1, 1, 144,862 205,724
Total liabilities 11, 2,668,362 012,814
Stockholders' equity:
Preferred stock, $0.001 par value; 350,000 and 80,000 shares authorized; none issued and outstanding - -
Class A Common stock, $0.001 par value; 5,150,000 and 1,700,000 shares authorized;
1,036,735 and 1,036,706 shares issued, respectively;
989,928 and 991,395 outstanding, respectively 977 974
Class B Common stock, $0.001 par value; 2,000,000 and 800,000 shares authorized;
792,000 shares issued; 329,064 and 329,092 shares outstanding, respectively 339 339
Additional paid-in capital 5, 5,599,481 297,930
Treasury stock, at cost (46,807 class A shares and 443 class B shares
and 45,311 class A shares and 443 class B shares, respectively) (1, (1,206,355) 185,409)
Retained earnings 15, 16,521,556 642,274
Total stockholders' equity 20,915,998 19, 756,108
Total liabilities and stockholders' equity 23,584,360 $ 30,768,.................................................................
TTeton Advisors, Inc. and Subsidiaries
Condensed Consolidated Statements of Income
(Unaudited)
2022 2021
Revenues
Investment advisory fees - mutual funds, net 5,690,368 $ 6,639,250 $
Investment advisory fees - separate accounts 1,596,761 1,494,111
Distribution fees and other income, net 3,602 15,510
Total revenues 7,290,731 8,148,871
Operating expenses
Compensation 3,119,828 2,744,824
Sub-advisory fees 1,161,259 1,392,011
Distribution costs 903,379 884,467
Marketing and administrative fees 69,209 716,586
Advanced commissions 13,269 4,078
Other operating expenses 906,212 754,897
Total operating expenses 6,173,156 6,496,863
Income before interest, taxes, depreciation and amortization 1,1 1,652,008 17,575
Depreciation and amortization 168,682 172,046
Income before income taxes 948,893 1,479,962
Income tax provision 69,611 213,924
Net income 879,282 $ 1,266,038 $
Net income per share:
Basic 0.70 $ 1.00 $
Fully diluted 0.69 $ 1.00 $
Weighted average shares outstanding:
Basic 1,262,482 1,260,988
Fully diluted 1,273,118 1,270,937
The accompanying notes are an integral part of these financial statements.
Six Months Ended June 30,
3
Teton Advisors, Inc. and Subsidiaries
CETAR...........................................................
TTeton Advisors, Inc. and Subsidiaries
Condensed Consolidated Statements of Income
(Unaudited)
2022 2021
Revenues
Investment advisory fees - mutual funds, net 2,698,344 $ 3,448,729 $
Investment advisory fees - separate accounts 775,466 818,380
Distribution fees and other income, net (5,201) 7,633
Total revenues 3,468,609 4,274,742
Operating expenses
Compensation 1,509,552 1,448,192
Sub-advisory fees 548,385 714,632
Distribution costs 461,181 449,695
Marketing and administrative fees 41,337 366,565
Advanced commissions 5,842 5,810
Other operating expenses 489,307 413,452
Total operating expenses 3,055,604 3,398,346
Income before interest, taxes, depreciation and amortization 413 876,396 ,005
Depreciation and amortization 83,890 86,023
Income before income taxes 329,115 790,373
Income tax provision 78,590 177,766
Net income 250,525 $ 612,607 $
Net income per share:
Basic 0.20 $ 0.49 $
Fully diluted 0.20 $ 0.48 $
Weighted average shares outstanding:
Basic 1,263,961 1,260,988
Fully diluted 1,273,576 1,270,705
The accompanying notes are an integral part of these financial statements.
Three months ended JunETAR.....................................................................
TETAR.....NO SHARES AVAILABLE............still not buying .........................check this out.........................................................................................................................................................Teton Advisors, Inc. and Subsidiaries
Condensed Consolidated Statements of Income
(Unaudited)
2022 2021
Revenues
Investment advisory fees - mutual funds, net 2,698,344 $ 3,448,729 $
Investment advisory fees - separate accounts 775,466 818,380
Distribution fees and other income, net (5,201) 7,633
Total revenues 3,468,609 4,274,742
Operating expenses
Compensation 1,509,552 1,448,192
Sub-advisory fees 548,385 714,632
Distribution costs 461,181 449,695
Marketing and administrative fees 41,337 366,565
Advanced commissions 5,842 5,810
Other operating expenses 489,307 413,452
Total operating expenses 3,055,604 3,398,346
Income before interest, taxes, depreciation and amortization 413 876,396 ,005
Depreciation and amortization 83,890 86,023
Income before income taxes 329,115 790,373
Income tax provision 78,590 177,766
Net income 250,525 $ 612,607 $
Net income per share:
Basic 0.20 $ 0.49 $
Fully diluted 0.20 $ 0.48 $
Weighted average shares outstanding:
Basic 1,263,961 1,260,988
Fully diluted 1,273,576 1,270,705 .....
TETAR.....NO SHARES AVAILABLE............still not buying .........................check this out.........................................................................................................................................................Teton Advisors, Inc. and Subsidiaries
Condensed Consolidated Statements of Income
(Unaudited)
2022 2021
Revenues
Investment advisory fees - mutual funds, net 2,698,344 $ 3,448,729 $
Investment advisory fees - separate accounts 775,466 818,380
Distribution fees and other income, net (5,201) 7,633
Total revenues 3,468,609 4,274,742
Operating expenses
Compensation 1,509,552 1,448,192
Sub-advisory fees 548,385 714,632
Distribution costs 461,181 449,695
Marketing and administrative fees 41,337 366,565
Advanced commissions 5,842 5,810
Other operating expenses 489,307 413,452
Total operating expenses 3,055,604 3,398,346
Income before interest, taxes, depreciation and amortization 413 876,396 ,005
Depreciation and amortization 83,890 86,023
Income before income taxes 329,115 790,373
Income tax provision 78,590 177,766
Net income 250,525 $ 612,607 $
Net income per share:
Basic 0.20 $ 0.49 $
Fully diluted 0.20 $ 0.48 $
Weighted average shares outstanding:
Basic 1,263,961 1,260,988
Fully diluted 1,273,576 1,270,705 .....
on your reco im in EVTN at .29.......not selling a single share......thanks Joker
YELLING LOADLY..............................................TETAR........03................................................................Teton Advisors, Inc. and Subsidiaries
Condensed Consolidated Statements of Income
(Unaudited)
2022 2021
Revenues
Investment advisory fees - mutual funds, net 2,698,344 $ 3,448,729 $
Investment advisory fees - separate accounts 775,466 818,380
Distribution fees and other income, net (5,201) 7,633
Total revenues 3,468,609 4,274,742
Operating expenses
Compensation 1,509,552 1,448,192
Sub-advisory fees 548,385 714,632
Distribution costs 461,181 449,695
Marketing and administrative fees 41,337 366,565
Advanced commissions 5,842 5,810
Other operating expenses 489,307 413,452
Total operating expenses 3,055,604 3,398,346
Income before interest, taxes, depreciation and amortization 413 876,396 ,005
Depreciation and amortization 83,890 86,023
Income before income taxes 329,115 790,373
Income tax provision 78,590 177,766
Net income 250,525 $ 612,607 $
Net income per share:
Basic 0.20 $ 0.49 $
Fully diluted 0.20 $ 0.48 $
Weighted average shares outstanding:
Basic 1,263,961 1,260,988
Fully diluted 1,273,576 1,270,705 ..
TETAR.....Quarterly Report
For the Period Ending: June 30, 2022
(the “Reporting Period”)
As of June 30, 2022, the number of shares outstanding of our Common Stock was:
Class A Total Shares Outstanding: 989,928; Class B Total Shares Outstanding: 329,064
As of December 31, 2021, the number of shares outstanding of our Common Stock was:
Class A Total Shares Outstanding: 991,395; Class B Total Shares Outstanding: 329,092
As of March 31, 2022, the number of shares outstanding of our Common Stock was:
Class A Total Shares Outstanding: 991,395; Class B Total Shares Outstanding: 329,093
Indicate by check mark whether the company is a shell company (as defined in Rule 405 of the Securities Act of 1933 and
Rule 12b-2 of the Exchange Act of 1934):
Yes: ? No: ?
Indicate by check mark whether the company’s shell status has changed since the previous reporting period:
Yes: ? No: ?
Indicate by check mark whether a Change in Control5 of the company has occurred over this reporting period:
Yes: ? No: ?
5
“Change in Control” shall mean any events resulting in:
(i) Any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becoming the “beneficial owner” (as defined in Rule 13d-3 of the Exchange Act),
directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company’s then outstanding voting
securities;
(ii) The consummation of the sale or disposition by the Company of all or substantially all of the Company’s assets;
(iii) A change in the composition of the Board occurring within a two (2)-year period, as a result of which fewer than a majority of the directors are directors immediately prior to
such change; or
(iv) The consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting
securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the
surviving entity or its parent) at least fifty percent (50%) of the total voting power rep..................................................................
TETAR..Quarterly Report
For the Period Ending: June 30, 2022
(the “Reporting Period”)
As of June 30, 2022, the number of shares outstanding of our Common Stock was:
Class A Total Shares Outstanding: 989,928; Class B Total Shares Outstanding: 329,064
As of December 31, 2021, the number of shares outstanding of our Common Stock was:
Class A Total Shares Outstanding: 991,395; Class B Total Shares Outstanding: 329,092
As of March 31, 2022, the number of shares outstanding of our Common Stock was:
Class A Total Shares Outstanding: 991,395; Class B Total Shares Outstanding: 329,093
Indicate by check mark whether the company is a shell company (as defined in Rule 405 of the Securities Act of 1933 and
Rule 12b-2 of the Exchange Act of 1934):
Yes: ? No: ?
Indicate by check mark whether the company’s shell status has changed since the previous reporting period:
Yes: ? No: ?
Indicate by check mark whether a Change in Control5 of the company has occurred over this reporting period:
Yes: ? No: ?
5
“Change in Control” shall mean any events resulting in:
(i) Any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becoming the “beneficial owner” (as defined in Rule 13d-3 of the Exchange Act),
directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company’s then outstanding voting
securities;
(ii) The consummation of the sale or disposition by the Company of all or substantially all of the Company’s assets;
(iii) A change in the composition of the Board occurring within a two (2)-year period, as a result of which fewer than a majority of the directors are directors immediately prior to
such change; or
(iv) The consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting
securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the
surviving entity or its parent) at least fifty percent (50%) of the total voting power rep.......................................
TETAR......cheeck out this one,,,,,check the filings and O/S........Joker
check out TETAR......check O/S......Joker
im not in unless i can get in under .18
buy more down here
ARDDF......0045
22 August 2022
ASX | GT1
Green Technology Metals www.greentm.com.au
94 Rokeby Road, Subiaco, Western Australia 6008 info@greentm.com.au
+61 8 6557 6825 ABN 99 648 657 649
FURTHER EXTENSIONAL DRILLING
SUCCESS AT NORTH AUBRY
HIGHLIGHTS
• Further diamond drilling assay results returned from North Aubry (Seymour Project) including:
o Hole GTDD-22-0323 intersected 17.9m and 7.7m thick pegmatites with significant intercepts:
? 6.0m @ 1.37% Li2O (from 218.9m to 225.0m); and
? 3.6m @ 2.08% Li2O (from 378.3m to 382.0m).
o Hole GTDD-22-0128 intersected 6.4m and 22.8m thick pegmatites with significant intercepts:
? 2.8m @ 1.48% Li2O (from 253.3m to 256.2m); and
? 3.4m @ 0.86% Li2O (from 322.8m to 326.3m).
o Hole GTDD-22-0320 intersected 10.7m thick pegmatite with significant intercept of:
? 10.7m @ 1.49% Li2O (from 458.1m to 468.8m).
• Intersections considerably thicker than modelled and significantly increases the mineralised
volumes and grade in this targeted strike extension of North Aubry.
• Drilling at Seymour now targeting lateral extents of the Aubry Complex and testing numerous
pegmatite exposures within the Pye Complex.
• Drilling at Root Project set to commence shortly with additional equipment mobilised to site.
• Root hosts known high-grade pegmatites ready for drilling and Mineral Resource Estimation.
Green Technology Metals Limited (ASX: GT1) (GT1 or the Company) is pleased to provide an update from the diamond
drilling activity at its flagship Seymour Lithium Project in Ontario, Canada.
“These intercepts significantly increase the targeted mineralised volumes in these areas of North Aubry,
with the original interpretations suggesting much narrower thicknesses. Our drilling focus at Seymour
now moves to testing foRDDF......................0045.......................................................
ARDDF....0045.......... JOKERWILD
ARDDF.............JUST RECIEVED THIS EMAIL FROM INVESTORS RELATIONS,TOLD YOU GUYS ITS GETTING READY TO GET REAL.......................................................https://www.ardiden.com.au/wp-content/uploads/2022/08/61104769.pdf
ARDDF.............JUST RECIEVED THIS EMAIL FROM INVESTORS RELATIONS,TOLD YOU GUYS ITS GETTING READY TO GET REAL.......................................................https://www.ardiden.com.au/wp-content/uploads/2022/08/61104769.pdf
ARDDF........................
Dear Investor,
Ardiden Limited (ASX: ADV) has released a new announcement:
NEW ASSAYS REPORT EXCITING WIDE & HIGH-GRADE GOLD INTERCEPTS
To view the announcement in full please click on the link.
For further information please contact:
Bruce McFadzean
Chairman
info@ardiden.com.au
ardiden.com.au
Copyright © 2022 Ardiden Limited, All rights reserved.
You are receiving this email because you opted in via our website.
Our mailing address is:
Ardiden Limited
Level 1
675 Murray Street
West Perth, WA 6005
Australia
Add us to your address book
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Ardiden Limited · Level 1 · 675 Murray Street · West Perth, WA 6005 · Australia
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MARK THIS POST.........GOING TO DOLLARS....0045
ARDDF.............JUST RECIEVED THIS EMAIL FROM INVESTORS RELATIONS,TOLD YOU GUYS ITS GETTING READY TO GET REAL.......................................................https://www.ardiden.com.au/wp-content/uploads/2022/08/61104769.pdf
Dear Investor,
Ardiden Limited (ASX: ADV) has released a new announcement:
NEW ASSAYS REPORT EXCITING WIDE & HIGH-GRADE GOLD INTERCEPTS
To view the announcement in full please click on the link.
For further information please contact:
Bruce McFadzean
Chairman
info@ardiden.com.au
ardiden.com.au
Copyright © 2022 Ardiden Limited, All rights reserved.
You are receiving this email because you opted in via our website.
Our mailing address is:
Ardiden Limited
Level 1
675 Murray Street
West Perth, WA 6005
Australia
Add us to your address book
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You can update your preferences or unsubscribe from this list.
This email was sent to
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Ardiden Limited · Level 1 · 675 Murray Street · West Perth, WA 6005 · Australia
Email Marketing Powered by Mailchimp
Dear Investor,
Ardiden Limited (ASX: ADV) has released a new announcement:
NEW ASSAYS REPORT EXCITING WIDE & HIGH-GRADE GOLD INTERCEPTS
To view the announcement in full please click on the link.
For further information please contact:
Bruce McFadzean
Chairman
info@ardiden.com.au
ardiden.com.au
Copyright © 2022 Ardiden Limited, All rights reserved.
You are receiving this email because you opted in via our website.
Our mailing address is:
Ardiden Limited
Level 1
675 Murray Street
West Perth, WA 6005
Australia
Add us to your address book
Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.
This email was sent to
why did I get this? unsubscribe from this list update subscription preferences
Ardiden Limited · Level 1 · 675 Murray Street · West Perth, WA 6005 · Australia
Email Marketing Powered by Mailchimp
ARDDF..............
Dear Investor,
Ardiden Limited (ASX: ADV) has released a new announcement:
NEW ASSAYS REPORT EXCITING WIDE & HIGH-GRADE GOLD INTERCEPTS
To view the announcement in full please click on the link.
For further information please contact:
Bruce McFadzean
Chairman
info@ardiden.com.au
ardiden.com.au
Copyright © 2022 Ardiden Limited, All rights reserved.
You are receiving this email because you opted in via our website.
Our mailing address is:
Ardiden Limited
Level 1
675 Murray Street
West Perth, WA 6005
Australia
Add us to your address book
Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.
This email was sent to
why did I get this? unsubscribe from this list update subscription preferences
Ardiden Limited · Level 1 · 675 Murray Street · West Perth, WA 6005 · Australia
Email Marketing Powered by Mailchimp
ARDDF.............JUST RECIEVED THIS EMAIL FROM INVESTORS RELATIONS,TOLD YOU GUYS ITS GETTING READY TO GET REAL.......................................................https://www.ardiden.com.au/wp-content/uploads/2022/08/61104769.pdf
ARDDF.............JUST RECIEVED THIS EMAIL FROM INVESTORS RELATIONS,TOLD YOU GUYS ITS GETTING READY TO GET REAL.......................................................https://www.ardiden.com.au/wp-content/uploads/2022/08/61104769.pdf
ARDDF.............JUST RECIEVED THIS EMAIL FROM INVESTORS RELATIONS,TOLD YOU GUYS ITS GETTING READY TO GET REAL.......................................................https://www.ardiden.com.au/wp-content/uploads/2022/08/61104769.pdf
Where will they get the $$$$$$$$$.thanks
ARDDF........I BET YOU GUYS ARE GOING TO MISS THE BOAT......JOKER....MARK THIS POSTT....004V vngvvvggvgvgggvgvvvgvvnffgfff b
ARDDF........I BET YOU GUYS ARE GOING TO MISS THE BOAT......JOKER....MARK THIS POSTT....004
lol............someone trying to get cheap shares
ARDDF.......BOOM
ARDDF...............COPPER IS THE NEW GOLD because OF THE AMOUNT OF COPPER NEEDED TO OPERATE AN EV.....JOKER
following you...thanks.....Joker
Thanks,I'm trying to learn these mining,,feel like an idiot trying to decipher them,all I see is found gold..lol
do a exploration co turn into a mining co, if and when they find what they looking for,thanks,joker
of 4892358
ARDDF.......................................JUNE 2022 QUARTERLY ACTIVITIES REPORT
HIGHLIGHTS
? Recent assay results of up to 148g/t gold from drilling at the Western Hub confirm significant high
grade gold potential at the Pickle Lake Gold Project.
? Results from another 40 holes yet to be received, with visual gold, sulphides and alteration noted in
5,939m of drilling completed across a 20km strike length of the Western Hub.
? Drill programme paused to allow laboratory results to be received and interpreted, ensuring
subsequent exploration work at the Western Hub is accurately targeted.
? Gold results received from the first 3 holes reported show visual gold and massive sulphide intervals
with assay results including:
o Esker Prospect : WP22-03 148.0 g/t Au and 57.0 g/t Ag (70.29-70.59m)
o Tonsil Prospect : DD22-04 33.6g/t Au (117.5-117.8m)
o Tonsil Prospect : DD22-03 9.45g/t Au (107.5-108.2m)
? Exploration spend on the New Patricia (Esker) Prospect considered sufficient to meet 100% earn-in
milestone with Exiro Minerals Corp.
? Lithium JORC resource at the Aubry Deposit increased to 9.9Mt @ 1.04% Li2O by JV partner Green
Technology Metals (ASX:GT1).
? Strong financial position with A$4.37m cash, A$7.63m current value1 of its 13,049,520 GT1 shares.
? Ardiden has a surplus of Exploration Assessment credits to ensure the Company’s overriding strategy
of planning its exploration programmes prudently and in tune with prevailing market conditions.
Ardiden Limited (‘Ardiden’ or ‘the Company’) (ASX: ADV) is pleased to report on June Quarterly Activities at its
highly prospective Gold and Lithium Projects in northwest Ontario, Canada (Figure 2).
During the period, Ardiden’s primary focus was drilling activities at its Pickle Lake Gold Project, where nearly
6,000m of diamond drilling has been completed so far at the Western Hub (Figure 6).
Assay results from just 3 holes of the 43-hole programme have been reported so far (refer announcement 14
June 2022). Another interim drill results update is planned in the coming weeks as assays are received from the
laboratory. The balance of drill results are expected during August and September.
Drilling has paused to allow for assay results to be received and interpreted which will allow a better
understanding of the gold mineralisation and to plan the next phase of very exciting exploration activities. The
delay in assay results also provides opportunity for prudent cash management.
On the Lithium projects, Ardiden’s lithium joint venture partner, Green Technology Metals (ASX:GT1), has
meanwhile funded all activities and doubled the JORC resource at Seymour, one of three joint-ventured
hardrock spodumene lithium projects (Figure 10).
1 GT1 shares escrowed until 10 Nov ’23. They are calculated at the closing price of $0.585 on 18 July 2022.
P a g e | 2
ASX Code: ADV
ABN: 82 110 884 252
www.ardiden.com.au
ARDIDEN LIMITED
Level 1, 675 Murray St
West Perth WA 6005
Tel: +61 (8) 6184 5938
Ardiden Managing Director and CEO Rob Longley remains in Canada and has been on site since May 2022. Rob
also attended the Toronto PDAC Conference in June with North American-based Ardiden representatives;
Michelle Roth and Mick Stares (Figure 1).
Figure 1 - Rob Longley, Michelle Roth & Haydn Daxter at the Drill site (left) & Rob with Mick Stares at the PDAC Conference (right)
GOLD EXPLORATION ACTIVITIES – Western Hub – Pickle Lake Gold Project
The Pickle Lake Gold Project is a continuous District-Scale 1,088km2 (108,800 hectare) gold landholding, located
east of Red Lake in the well-endowed Uchi Geological sub-province of north-western Ontario, Canada (Figure
2). The Uchi Province is host to numerous currently producing gold mines at Red Lake and at Musselwhite, and
is a highly active exploration area with Evolution, Newmont, Kinross, and numerous other exploration
companies all currently active with gold exploration work in the area.
Figure 2- Location of Ardiden’s Pickle Lake Gold project within the Uchi Belt of northwest Ontario.
P a g e | 3
ASX Code: ADV
ABN: 82 110 884 252
www.ardiden.com.au
ARDIDEN LIMITED
Level 1, 675 Murray St
West Perth WA 6005
Tel: +61 (8) 6184 5938
Drilling at the Western Hub so far has completed 43 holes for 5,939m of fully oriented diamond core to a
maximum depth of 252m, comprising:
1. Esker Prospect - 18 holes for 2,206m
2. Tonsil Prospect – 19 holes for 2,680m
3. Dorothy Prospect – 3 holes for 655m
4. Dobie Prospect – 3 holes for 398m
Ardiden’s drilling in the Western Hub is targeting the Golden Patricia geological sequence both to the northwest and to the south-east of the historical underground mine. The mine was developed to 750m vertical depth
over a 3km strike length and extracted 619,796oz Au @ 15.2g/t Au*and ceased operations in 1997 due to poor
gold prices.
Ardiden’s drill programme has been systematically testing four gold prospects along a 20km strike length and
will expand over time to the full 60km length of the entire Western Hub belt. Location of the Western Hub gold
prospects and drillholes with reported results are shown below in Error! Reference source not found..
Figure 3 - Location of Prospects and current Drilling along the Western Hub of the Pickle Lake Gold Project
Due to a large backlog of samples at the laboratory, drilling has paused to enable drill results to be received and
interpreted to enable better targeting of subsequent work programmes at the Western Hub.
There remains another 40 completed diamond drillholes in process through the logging, cutting and laboratory
pipeline that are yet to be reported. During the quarter, however, initial gold assay results from the first three
were reported (refer announcement 14 June 2022) and included:
o Esker Prospect: WP22-03 148.0 g/t Au and 57.0 g/t Ag (70.29-70.59m)
o Tonsil Prospect : DD22-04 33.6g/t Au (117.5-117.8m)
o Tonsil Prospect : DD22-03 9.45g/t Au (107.5-108.2m)
The Company targets to report results for the next 12 holes in the coming weeks as they are received from the
laboratory.
Final assay results will include a wider suite of elements and continue to stream through over
of 4892358
ARDDF.......................................JUNE 2022 QUARTERLY ACTIVITIES REPORT
HIGHLIGHTS
? Recent assay results of up to 148g/t gold from drilling at the Western Hub confirm significant high
grade gold potential at the Pickle Lake Gold Project.
? Results from another 40 holes yet to be received, with visual gold, sulphides and alteration noted in
5,939m of drilling completed across a 20km strike length of the Western Hub.
? Drill programme paused to allow laboratory results to be received and interpreted, ensuring
subsequent exploration work at the Western Hub is accurately targeted.
? Gold results received from the first 3 holes reported show visual gold and massive sulphide intervals
with assay results including:
o Esker Prospect : WP22-03 148.0 g/t Au and 57.0 g/t Ag (70.29-70.59m)
o Tonsil Prospect : DD22-04 33.6g/t Au (117.5-117.8m)
o Tonsil Prospect : DD22-03 9.45g/t Au (107.5-108.2m)
? Exploration spend on the New Patricia (Esker) Prospect considered sufficient to meet 100% earn-in
milestone with Exiro Minerals Corp.
? Lithium JORC resource at the Aubry Deposit increased to 9.9Mt @ 1.04% Li2O by JV partner Green
Technology Metals (ASX:GT1).
? Strong financial position with A$4.37m cash, A$7.63m current value1 of its 13,049,520 GT1 shares.
? Ardiden has a surplus of Exploration Assessment credits to ensure the Company’s overriding strategy
of planning its exploration programmes prudently and in tune with prevailing market conditions.
Ardiden Limited (‘Ardiden’ or ‘the Company’) (ASX: ADV) is pleased to report on June Quarterly Activities at its
highly prospective Gold and Lithium Projects in northwest Ontario, Canada (Figure 2).
During the period, Ardiden’s primary focus was drilling activities at its Pickle Lake Gold Project, where nearly
6,000m of diamond drilling has been completed so far at the Western Hub (Figure 6).
Assay results from just 3 holes of the 43-hole programme have been reported so far (refer announcement 14
June 2022). Another interim drill results update is planned in the coming weeks as assays are received from the
laboratory. The balance of drill results are expected during August and September.
Drilling has paused to allow for assay results to be received and interpreted which will allow a better
understanding of the gold mineralisation and to plan the next phase of very exciting exploration activities. The
delay in assay results also provides opportunity for prudent cash management.
On the Lithium projects, Ardiden’s lithium joint venture partner, Green Technology Metals (ASX:GT1), has
meanwhile funded all activities and doubled the JORC resource at Seymour, one of three joint-ventured
hardrock spodumene lithium projects (Figure 10).
1 GT1 shares escrowed until 10 Nov ’23. They are calculated at the closing price of $0.585 on 18 July 2022.
P a g e | 2
ASX Code: ADV
ABN: 82 110 884 252
www.ardiden.com.au
ARDIDEN LIMITED
Level 1, 675 Murray St
West Perth WA 6005
Tel: +61 (8) 6184 5938
Ardiden Managing Director and CEO Rob Longley remains in Canada and has been on site since May 2022. Rob
also attended the Toronto PDAC Conference in June with North American-based Ardiden representatives;
Michelle Roth and Mick Stares (Figure 1).
Figure 1 - Rob Longley, Michelle Roth & Haydn Daxter at the Drill site (left) & Rob with Mick Stares at the PDAC Conference (right)
GOLD EXPLORATION ACTIVITIES – Western Hub – Pickle Lake Gold Project
The Pickle Lake Gold Project is a continuous District-Scale 1,088km2 (108,800 hectare) gold landholding, located
east of Red Lake in the well-endowed Uchi Geological sub-province of north-western Ontario, Canada (Figure
2). The Uchi Province is host to numerous currently producing gold mines at Red Lake and at Musselwhite, and
is a highly active exploration area with Evolution, Newmont, Kinross, and numerous other exploration
companies all currently active with gold exploration work in the area.
Figure 2- Location of Ardiden’s Pickle Lake Gold project within the Uchi Belt of northwest Ontario.
P a g e | 3
ASX Code: ADV
ABN: 82 110 884 252
www.ardiden.com.au
ARDIDEN LIMITED
Level 1, 675 Murray St
West Perth WA 6005
Tel: +61 (8) 6184 5938
Drilling at the Western Hub so far has completed 43 holes for 5,939m of fully oriented diamond core to a
maximum depth of 252m, comprising:
1. Esker Prospect - 18 holes for 2,206m
2. Tonsil Prospect – 19 holes for 2,680m
3. Dorothy Prospect – 3 holes for 655m
4. Dobie Prospect – 3 holes for 398m
Ardiden’s drilling in the Western Hub is targeting the Golden Patricia geological sequence both to the northwest and to the south-east of the historical underground mine. The mine was developed to 750m vertical depth
over a 3km strike length and extracted 619,796oz Au @ 15.2g/t Au*and ceased operations in 1997 due to poor
gold prices.
Ardiden’s drill programme has been systematically testing four gold prospects along a 20km strike length and
will expand over time to the full 60km length of the entire Western Hub belt. Location of the Western Hub gold
prospects and drillholes with reported results are shown below in Error! Reference source not found..
Figure 3 - Location of Prospects and current Drilling along the Western Hub of the Pickle Lake Gold Project
Due to a large backlog of samples at the laboratory, drilling has paused to enable drill results to be received and
interpreted to enable better targeting of subsequent work programmes at the Western Hub.
There remains another 40 completed diamond drillholes in process through the logging, cutting and laboratory
pipeline that are yet to be reported. During the quarter, however, initial gold assay results from the first three
were reported (refer announcement 14 June 2022) and included:
o Esker Prospect: WP22-03 148.0 g/t Au and 57.0 g/t Ag (70.29-70.59m)
o Tonsil Prospect : DD22-04 33.6g/t Au (117.5-117.8m)
o Tonsil Prospect : DD22-03 9.45g/t Au (107.5-108.2m)
The Company targets to report results for the next 12 holes in the coming weeks as they are received from the
laboratory.
Final assay results will include a wider suite of elements and continue to stream through over