Heron to list gold and nickel assets separately to focus on Woodlawn

The proposed listing of Heron Resources’ wholly-owned subsidiary, Ardea Resources, will see the company restructure its non-Woodlawn asset portfolio in New South Wales and Western Australia, with a focus on gold and nickel. Ardea’s development focus will be on the 6.62-million tonnes at 1.5 g/t Lewis Ponds gold/zinc project in central New South Wales, where it has an “aggressive” drilling and metallurgical programme planned, while its exploration focus will fall on Mount Zephyr and the Bardoc tectonic zone gold project in Western Australia.