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Ardea Resources ( (AU:ARL) ) just unveiled an announcement.
Ardea Resources has completed an infill drilling program at its Highway nickel-cobalt deposit, part of the larger Kalgoorlie Nickel Project – Goongarrie Hub. The drilling results reveal thick, high-grade nickel and cobalt mineralization, which is expected to enhance the project’s early production years. The company is advancing its Definitive Feasibility Study (DFS) with updated Mineral Resource Estimates and plans for detailed mine optimization. This progress is crucial for Ardea’s strategic positioning as a significant nickel-cobalt producer, aligning with high ESG standards and supported by major industry partners.
The most recent analyst rating on (AU:ARL) stock is a Buy with a A$1.12 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 is a company operating in the mining industry, focusing on the extraction and production of nickel and cobalt. The company is engaged in developing the Kalgoorlie Nickel Project (KNP) – Goongarrie Hub, which is one of Australia’s largest nickel-cobalt resources. Ardea is working to meet high environmental, social, and governance (ESG) standards, with financial backing from Sumitomo Metal Mining Co., Ltd and Mitsubishi Corporation.
Average Trading Volume: 60,038
Technical Sentiment Signal: Sell
Current Market Cap: A$81.01M
See more insights into ARL stock on TipRanks’ Stock Analysis page.