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Kalgoorlie Nickel Project

Globally significant resource, sustainable and ethical source of nickel, cobalt, and scandium

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

There is 5.9Mt contained Nickel in the KNP*

* see resource breakdown on KNP webpage

This is enough for >147,000,000 EVs

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Kalgoorlie Nickel Project

Globally recognised premier mining jurisdiction

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Kalgoorlie Nickel Project

Battery minerals to the world. End product specifications to meet customer needs.

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Rising demand in nickel and critical minerals

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Adding value through exploration success with nickel sulphides and critical minerals

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Strong environment, social and corporate governance framework in place

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A Sustainable and Ethical Source of Nickel and Critical Minerals from the Kalgoorlie Nickel Project, Western Australia

Ardea Resources Limited (Ardea) is a Western Australia (WA) focused developer and explorer with a clear strategy to become an integrated, ethical feedstock supplier to the Lithium Ion Battery (LIB) sector through development of its globally significant nickel and cobalt Mineral Resource at its 100% owned Kalgoorlie Nickel Project (KNP). The KNP was awarded Major Project Status (MPS) on 18 March 2022 - recognising the national and strategic significance of the KNP to the Australian economy. The KNP is Australia's largest nickel-cobalt Critical Minerals project, located in the premier operating jurisdiction of Western Australia, with sustainable and ethical battery mineral supply Ardea's priority focus.

Current published JORC Code (2012) resource at KNP totals 5.9Mt contained nickel and 384kt contained cobalt, with 3.39kt scandium just from the Goongarrie portion of KNP, and other critical minerals to be quantified. Feasibility Studies underway and processing flowsheet is advanced showing customer ready end product specifications can be met. The base case is a 3.5Mtpa operation producing Mixed Hydroxide Precipitate (MHP) from an industry leading low carbon, off-grid flow-sheet.

Granting of MPS will assist the continued advancement of Ardea and the KNP as a green, forward-facing integrated nickel and Critical Minerals company. MPS provides Ardea access to the Major Projects Facilitation Agency for intergovernmental coordination of project support and approvals.

Ardea is a key industry participant of the Future Battery Industry Co-operative Research Centre.