Ardiden Limited - July Flash Note 2015

Excellent Metallurgical Test Results – High Proportion of High Purity Jumbo and Large Flake Graphite Confirmed at Manitouwadge July 2, 2015 EVENT: Metallurgical beneficiation testwork completed on samples from the recent drilling campaign at the 100% owned Manitouwadge Graphite Project: - Up to 80% of graphite classified as premium jumbo and large flake; - Total Graphitic Carbon (“TGC”) grades of up to 95.6% for jumbo flake and 93.7% for large flake from simple, low cost gravity and flotation concentration; - Subsequent caustic bake purification testwork on jumbo flake has returned grades of > 99.95% TGC, comparable to high purity, high value synthetic graphite; - Bulk sample being prepared to provide representative samples to prospective customers and for further testwork samples; - Potentially ideally placed to take advantage of the anticipated increasing demand (and prices) for the premium larger flake and higher purity products. Click on the download button for full flash note.

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