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Ardea Resources ( (AU:ARL) ) has provided an update.
Ardea Resources reported steady progress on its Kalgoorlie Nickel Project – Goongarrie Hub during the December 2025 quarter, highlighting the Australian Federal Government’s renewal of Major Project Status for a further three years and reaffirming the project’s strategic importance as a critical minerals development. The company ended the period with $11.6 million in cash, no debt, and its A$98.5 million Definitive Feasibility Study fully funded by a Japanese consortium led by Sumitomo Metal Mining and Mitsubishi, while advancing resource estimation, hydrogeological work, environmental and heritage surveys, and metallurgical testwork, keeping the study on track for completion in the first half of 2026 and strengthening Ardea’s positioning in the global nickel‑cobalt supply chain.
The most recent analyst rating on (AU:ARL) stock is a Hold with a A$0.66 price target. To see the full list of analyst forecasts on Ardea Resources stock, see the AU:ARL Stock Forecast page.
More about Ardea Resources
Ardea Resources is an Australian mineral exploration and development company focused on the Kalgoorlie Nickel Project’s Goongarrie Hub in Western Australia, a large nickel‑cobalt resource positioned to supply critical minerals into global battery and clean‑energy supply chains.
Average Trading Volume: 158,470
Technical Sentiment Signal: Buy
Current Market Cap: A$147.6M
For a thorough assessment of ARL stock, go to TipRanks’ Stock Analysis page.