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The latest update is out from Ardea Resources ( (AU:ARL) ).
Ardea Resources has provided an update on the Definitive Feasibility Study (DFS) for its Kalgoorlie Nickel Project’s Goongarrie Hub, which is on track for completion in the first half of 2026. The DFS has confirmed several design changes, including the removal of the Atmospheric Leach Circuit and optimization of the High Pressure Acid Leach (HPAL) process, expected to enhance recovery rates and reduce environmental impact. The project will now focus on producing Mixed Sulphide Precipitate (MSP) instead of Mixed Hydroxide Precipitate (MHP), offering improved market flexibility and payability. These developments underscore the project’s strategic importance, as highlighted by its renewed Major Project Status by the Australian Federal Government.
The most recent analyst rating on (AU:ARL) stock is a Hold with a A$0.50 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 Limited operates in the mining industry, focusing on the extraction and processing of nickel and cobalt. The company is involved in the development of the Kalgoorlie Nickel Project, particularly the Goongarrie Hub, which aims to produce nickel-cobalt products for global markets.
YTD Price Performance: 67.16%
Average Trading Volume: 142,462
Technical Sentiment Signal: Buy
Current Market Cap: A$117.8M
Learn more about ARL stock on TipRanks’ Stock Analysis page.