Battery and Critical Minerals to the World Kalgoorlie Nickel Project, Western Australia
Ardea, Sumitomo Metal Mining (SMM) and Mitsubishi Corporation (MC) complete binding Shareholder Agreement setting out the terms for Joint Venture to develop the Kalgoorlie Nickel Project (KNP) – Goongarrie Hub
This Transaction represents a major Critical Minerals collaboration between Australia and Japan with the Kalgoorlie Nickel Project – Goongarrie Hub being advanced as Australia’s next large-scale, low-cost nickel-cobalt producer that meets the high ESG standards expected from modern society.
With the signing of the Shareholders’ Agreement, all conditions precedent to the Transaction have been satisfied, so that the focus for Ardea, the Consortium and KNPL is on completing a quality Definitive Feasibility Study that incorporates the combined skills and experience of all team members and demonstrates a compelling nickel-cobalt development.”
Andrew Penkethman, Managing Director and CEO of Ardea Resources
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