Hardey doing the ground work at Nelly

Published at Jul 24, 2018, in Small Caps

Hardey Resources Ltd (ASX:HDY) has appointed two experienced groups to progress the due diligence work on the Nelly Vanadium Mine (NVM) in Argentina.

Global multi-disciplined group, SRK Consulting which has an office in Buenos Aires with an experienced team of geologists has the capacity to undertake services from exploration through to feasibility, mine planning, and production.

Given Hardey’s intentions of achieving a relatively quick restart at NVM, SRK’s expertise across the areas of due diligence and feasibility studies will be invaluable.

Hardey will also benefit from Argentinian-based Condor Prospecting’s local knowledge with its areas of expertise including data management, due diligence, exploration, tenure management and the all-important EIA processes which will be helpful as the company looks to restart NVM.

Condor will be working collaboratively with SRK with the latter being the lead consultant.

Some of the key focus areas include the assessment of mineralised veins identified in earlier studies, and if practical a determination of the dimension and extent of underexploited mineralisation.

There is clearly still a lot of work to do on this front, so investors should seek professional financial advice if considering this stock for their portfolio.

The group will take updated measurements of the substantial legacy stockpiles which surround the open pit, processing plant and workings as these could potentially be a direct shipping ore vanadium product, contributing to cash flow at an early stage.

The extent of these stockpiles can be seen below.

The information gathered should form the basis of an assessment to determine qualitatively and quantitatively the potential upside for vanadium, gold, silver, copper, zinc, lead, molybdenum and bismuth mineralisation at NVM.

It should also assist Hardey in establishing a JORC Resource at the project.

Hardey has performed well in the last week on the back of developments with NVM and the proposed acquisition of vanadium prospective tenements in Queensland and the Northern Territory.

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!