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Ardea, Sumitomo Metal Mining and Mitsubishi Corporate complete binding Shareholder Agreement

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KNP Goongarrie Hub

will be a multi-decade operation which will meet demand for nickel-cobalt supply with high ESG standards

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Kalgoorlie Nickel Project

Battery and Critical Minerals from the best operating jurisdiction in the world

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30,000 tonnes of nickel per year on average for over 40 years, with project pay back within 3.1 years

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There is ~40kg of Nickel powering the typical NCM811 Electrical Vehicle (EV)

There is 6.1Mt contained Nickel in the KNP*

* see resource breakdown on KNP webpage

This is enough for >150,000,000 EVs

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Desirable flowsheet with proven technology refined for industry leading low carbon emissions

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Globally significant, nationally recognised nickel cobalt resource

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Strong environment, social and corporate governance framework in place

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Rising demand in nickel and other battery and critical minerals

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High impact battery and critical mineral exploration to maximise the value at KNP

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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

To read full announcement click here

Kalgoorlie Nickel Project - Goongarrie Hub will be a multi-decade operation which will meet demand for nickel-cobalt supply with high ESG standards

Learn more about Kalgoorlie Nickel Project