The results are obtained by simple, low cost gravity and flotation beneficiation techniques, the company said. Test work was undertaken by the Actlabs laboratory in Thunder Bay

Metallurgical test work indicated that that the project hosts larger quantities of jumbo and large flake graphite.

Ardiden said: "The board of Ardiden believes that a graphite project with a significant proportion of jumbo and large flake graphite that can be cost effectively beneficiated to a marketable purity level is an extremely attractive combination and has the potential to significantly enhance shareholder value."

Previously called Stratos Resources, the company is planning to exercise its option to acquire the Manitouwadge project by paying C$149,000, spend $15,200 to advance exploration of the property and reimburse property taxes, and granting the vendor a 2% gross production royalty.

Exploration on the Manitouwadge Project by Noranda has identified six significant electromagnetic conductors earlier.