The Goongarrie Hub Project – strong fundamentals, scope and strategic positioning recognised through strong support

• Ardea’s Kalgoorlie Nickel Project (KNP) hosts a Mineral Resource Estimate (JORC Code 2012) of 854Mt at 0.71% Ni and 0.045% Co for 6.1Mt of contained nickel and 386kt of contained cobalt. The Goongarrie Hub, within the KNP, hosts 584Mt at 0.69% nickel and 0.043% cobalt for 4Mt of contained nickel and 250kt of contained cobalt, making it the largest nickel-cobalt resource in Australia (GSWA) and one of the largest nickel-cobalt resources in the developed world and is expected to play an important role in future global battery supply chains^ASX
• Strategic partnership with Sumitomo Metal Mining Co., Ltd (SMM) and Mitsubishi Corporation (MC): SMM and MC are funding the A$98.5M Definitive Feasibility Study (DFS), validating the Project’s potential and providing access to world-class expertise.^ASX
• Significant level of engagement and support, reflecting the strategic State, National and global importance of the Kalgoorlie Nickel Project – Goongarrie Hub:
  • Included in Australia-Japan joint statement^ASX
  • Part of Japan-U.S. Critical Minerals Project Cooperation framework^ASX
  • Australian Federal Government - Major Project Status^ASX and Investor Front Door inclusion^ASX
  • has received conditional A$1 billion of equivalent funding support from Export Finance Australia and U.S. EXIM^ASX
  • has successfully been awarded Lead Agency Status from Western Australian Government’s Department of Energy and Economic Diversification^ASX
• Experienced management team with extensive WA resources sector experience, with a proven track record in discovery, development, and operation, and strong stakeholder relationships

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

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