Ardea Resources is a Western Australian Critical Minerals 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 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.
- Experienced Board and management team: The leadership has deep knowledge of Western Australian resources, a proven track record in discovery and development, and strong local relationships.
- Tight capital structure: With about 200 million shares on issue and top 40 shareholders holding over 60%, Ardea has strong support from institutional investors and high-net-worth individuals.
- KNP Awarded Major Project Status by Australian Federal Government which has resulted in significant access to Government Departments and a seat at the table with input to working groups such as recently announced Production Tax Incentive.
- Ardea will continue to retain 100% of all non-Goongarrie Hub KNP tenements, being the Kalpini Hub (Kalpini, Bulong projects) and the Yerilla Hub (Jump Up Dam, Boyce Creek and Aubils projects), providing the Ardea with an internal project pipeline for future growth for nickel-cobalt and associated Critical Minerals.
- The KNP Goongarrie Hub is advanced stage with near-term news flow catalysts: DFS is set for completion in the second half of 2025. Regular news flow expected from ongoing studies and a clear path to Final Investment Decision.
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 -
The Kalgoorlie Nickel Project hosts a Mineral Resource which ranks top of GSWA’s table of Australian Nickel Cobalt resources -
PFS shows KNP Goongarrie Hub will be a multi-decade operation to meet the global demand for Ni & Co -
2023 PFS indicated low-cost Ni & Co, strong earnings for over 40 years plus upside DFS is current and expect to be completed second half of 2025 -
Ardea continues to improve their ESG credentials with an environmentally responsible approach at all stages of development -
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 Minerals 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.