Ardea Resources is a Western Australian critical mineral company
Ardea Resources Limited (“Ardea”) is advancing its flagship Kalgoorlie Nickel Project (KNP). KNP is the largest nickel-cobalt resource in Australia (GSWA) and one of the largest in the developed World, making it of a scale that is incredibly rare and important in the World’s journey to Net Zero. KNP was awarded Major Project Status by the Australian Federal Government, recognising the national and strategic significance of the KNP to the Australian economy and the Eastern Goldfields of Western Australia.
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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Granted Mining Lease tenure in premier location for skills, infrastructure and resource project operation -
6.1Mt Nickel & 386kt Cobalt MRE positions KNP in top 10 global nickel resources -
PFS shows KNP Goongarrie Hub will be a multi-decade operation to meet the global demand for Ni & Co -
Low-cost Ni & Co, strong earnings for over 40 years plus upside, with project pay back within 3.1 years and post tax NPV7 A$4.98 billion -
Ardea's ESG credentials strengthened during PFS, with In-pit tailings disposal plan, and LCA indicating low carbon emission -
Ardea, Sumitomo Metal Mining and Mitsubishi Corporation complete binding Shareholder Agreement to develop the KNP – Goongarrie Hub
The KNP is located 70km north of Kalgoorlie, Western Australia - a world-class mining jurisdiction providing extensive existing infrastructure and a skilled work force.
The KNP Mineral Resource Estimate contains a total of 854Mt @ 0.71% Ni and 0.045% Co for 6.1Mt nickel and 386kt cobalt contained metal (Mineral Resource Estimate, JORC Code (2012)) (see ASX announcement dated 30 June 2023). The Goongarrie Hub within the KNP was the subject of the 2023 Prefeasibility Study which showed that the Goongarrie Hub will be multi-decade, large scale, low cost operation with strong production and earnings – (ASX announcement dated 5 July 2023).
On 26 April 2024 a major milestone was achieved with Ardea's Strategic Partner process, on execution of the Cooperation Agreement with Sumitomo Metal Mining and Mitsubishi Corporation to form a Joint Venture to develop the KNP Goongarrie Hub (ASX release 29 April 2024) and on 30 August 2024, Ardea, Sumitomo Metal Mining and Mitsubishi Corporation completed binding Shareholder Agreement meeting all conditions precedent (ASX announcement dated 30 August 2024). The KNP Goongarrie Hub Definitive Feasibility Study has commenced, with expected completion in the second half of 2025.
Ardea is continuing Critical Mineral exploration to maximise the value of their strategic KNP ground holding.
Advanced-stage exploration at compelling nickel sulphide targets, such as Kalpini, and Critical Minerals targets including lithium, scandium and Rare Earth Elements throughout the KNP Eastern Goldfields world-class nickel - gold province, with all exploration targets complementing the KNP nickel development strategy.