Ardea Resources Advances Kalgoorlie Nickel Project with Significant DFS Progress

Ardea Resources Ltd. ( (AU:ARL) ) has issued an announcement.

Ardea Resources Limited has made significant progress on the Definitive Feasibility Study (DFS) for its Kalgoorlie Nickel Project’s Goongarrie Hub. The project, funded with a $98.5 million budget by a consortium including Sumitomo Metal Mining Co., Ltd and Mitsubishi Corporation, is advancing towards becoming a major nickel-cobalt producer. Key team roles have been filled, and extensive drilling and testing activities are underway to support the development. The project aims to produce a multi-decade, low-cost nickel-cobalt resource, aligning with modern ESG standards, signaling positive implications for the company’s operational expansion and market positioning.

More about Ardea Resources Ltd.

Ardea Resources Limited operates in the mining industry, focusing primarily on the production of nickel and cobalt. The company is advancing the Kalgoorlie Nickel Project, particularly the Goongarrie Hub, which is positioned to become a significant low-cost producer of nickel and cobalt, with an emphasis on meeting high environmental, social, and governance (ESG) standards.

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Technical Sentiment Consensus Rating: Buy

Current Market Cap: $42.25M

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