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Ardea Resources ( (AU:ARL) ) has shared an announcement.
Ardea Resources Limited has announced a significant joint venture with Sumitomo Metal Mining Co., Ltd and Mitsubishi Corporation, marking a pivotal Australia–Japan partnership in the critical minerals sector. This collaboration is expected to accelerate the Goongarrie Hub Definitive Feasibility Study (DFS) and has resulted in the expansion of Ardea’s team to 44 members, indicating strong operational progress and potential positive implications for stakeholders.
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 is a company operating in the critical minerals industry, primarily focusing on the development and production of mineral resources. The company is involved in establishing partnerships to enhance its market position and operational capabilities.
Average Trading Volume: 81,817
Technical Sentiment Signal: Buy
Current Market Cap: A$115.7M
For detailed information about ARL stock, go to TipRanks’ Stock Analysis page.