Ardea Resources Ltd. (AU:ARL) has released an update.
Ardea Resources Ltd. has partnered with Sumitomo Metal Mining and Mitsubishi Corporation to develop the Kalgoorlie Nickel Project, with the consortium funding all DFS costs up to $98.5 million. The company is robust with $25.9 million in funds, no debt, and a $1.1 million R&D tax rebate from the Australian government. This collaboration aims to realize the project’s potential as a sustainable, long-life source of nickel-cobalt in Western Australia.
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