Ardea Resources Ltd. (AU:ARL) has released an update.
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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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