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Ardea Resources
(Sydney:ARL)
Ardea Resources (ARL) vs. iShares MSCI Australia ETF (EWA)
Ardea Resources Business Overview & Revenue Model
Ardea Resources Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.68M | 3.68M | 322.36K | 75.12K | 22.24K | 146.85K |
| Gross Profit | 3.68M | 3.68M | 322.36K | -163.20K | -118.52K | 54.76K |
| EBITDA | -3.35M | -3.35M | -7.45M | -4.00M | -5.19M | -2.21M |
| Net Income | -3.26M | -3.26M | -7.71M | -4.24M | -5.33M | -2.30M |
Balance Sheet | ||||||
| Total Assets | 125.37M | 125.37M | 59.78M | 47.78M | 50.60M | 36.10M |
| Cash, Cash Equivalents and Short-Term Investments | 14.68M | 14.68M | 14.85M | 10.65M | 22.02M | 5.69M |
| Total Debt | 49.72M | 49.72M | 1.24M | 153.60K | 280.29K | 51.79K |
| Total Liabilities | 57.74M | 57.74M | 4.61M | 1.92M | 1.59M | 812.07K |
| Stockholders Equity | 67.63M | 67.63M | 55.17M | 45.87M | 49.01M | 35.29M |
Cash Flow | ||||||
| Free Cash Flow | -54.63M | -53.39M | -11.63M | -13.31M | -10.34M | -10.14M |
| Operating Cash Flow | -6.12M | -6.12M | -4.14M | -1.37M | -2.07M | -554.67K |
| Investing Cash Flow | -46.98M | -46.98M | -7.49M | -10.00M | -7.28M | -8.40M |
| Financing Cash Flow | 52.93M | 52.93M | 15.83M | -5.00K | 25.68M | 4.64M |
Ardea Resources Technical Analysis
Ardea Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | AU$317.05M | -4.30 | -84.61% | ― | 149.43% | 1.20% | |
43 Neutral | AU$115.95M | -32.12 | -5.35% | ― | ― | 58.54% | |
43 Neutral | AU$158.15M | -4.39 | -12.73% | ― | 2.00% | 8.82% | |
41 Neutral | AU$90.42M | -14.63 | ― | ― | ― | 54.26% | |
36 Underperform | AU$158.64M | -18.57 | -20.60% | ― | ― | 7.28% | |
35 Underperform | $78.03M | -6.52 | -8.61% | ― | ― | 42.69% |
Ardea Resources Corporate Events
Ardea Resources Limited announced a change in the director’s interest, specifically involving Norman Mathew Longworth. The change was due to the issuance of 150,000 Class V Performance Rights and 150,000 Class W Performance Rights, approved at the 2025 AGM, with no consideration involved. This update reflects the company’s ongoing efforts to align its leadership’s interests with its strategic goals, potentially impacting its operational focus and stakeholder confidence.
Ardea Resources Limited announced the issuance of 1,500,000 performance rights under an employee incentive scheme. These unquoted securities are subject to transfer restrictions and are not listed on the ASX until the restrictions are lifted, potentially impacting employee retention and motivation strategies within the company.
Ardea Resources Limited announced the results of its 2025 Annual General Meeting, where all resolutions were passed successfully. The resolutions included various corporate governance and operational measures, reflecting strong shareholder support and potentially enhancing the company’s strategic positioning.
Ardea Resources Limited has announced the issuance of 3,000,000 unquoted options, each convertible at $1.05, with a maturity date set for November 6, 2027. This strategic move aims to enhance the company’s financial flexibility and potentially strengthen its market position by attracting investment and supporting its ongoing operations.
Ardea Resources Limited announced the cessation of 3,000,000 options that expired on November 3, 2025, without being exercised or converted. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategies and future growth prospects.
Ardea Resources has made substantial progress in the September 2025 quarter on its Kalgoorlie Nickel Project – Goongarrie Hub, with key developments including the completion of major drilling and metallurgical testwork programs and the execution of a Heritage Agreement with the Marlinyu Ghoorlie Native Title Claimant Group. The company remains financially strong, with $15.5M cash on hand and no debt, and is well-positioned to complete the Definitive Feasibility Study with $30M in committed funding. Collaboration with partners Sumitomo Metal Mining and Mitsubishi Corporation continues to be a strength, enhancing the project’s technical and commercial expertise. Ardea’s focus on safety, community engagement, and strategic partnerships further reinforces its standing in the critical minerals sector.
Ardea Resources Limited has announced its upcoming Annual General Meeting (AGM) scheduled for November 21, 2025, at The Quest in West Perth, Western Australia. The company has opted to provide the Notice of Meeting and accompanying materials electronically, encouraging shareholders to access these documents online. Shareholders are urged to participate in the voting process either by attending the meeting in person or by submitting proxy forms through various available channels.
Ardea Resources has announced that its Goongarrie Project has completed the Pre-Feasibility Study phase and is now entering the Definitive Feasibility Study phase. The project is considered to have positive economic potential, which could enhance Ardea’s position in the nickel-cobalt market and benefit stakeholders by advancing a long-term operation with strong financial metrics.
Ardea Resources announced the renewal of the Major Project Status (MPS) for its Kalgoorlie Nickel Project (KNP) and Goongarrie Hub by the Australian Federal Government. This renewal highlights the project’s strategic and economic importance to the Australian economy and the Eastern Goldfields region. The MPS renewal ensures continued support for Ardea in regulatory processes, facilitating project development and maintaining access to funding. This positions Ardea and its partners to advance a sustainable nickel-cobalt supply chain, enhancing collaboration between Australia and Japan.
Ardea Resources Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement confirms the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, ensuring transparency and accountability in its operations. This disclosure is crucial for stakeholders as it highlights Ardea’s commitment to maintaining robust governance practices, potentially enhancing investor confidence and supporting its market position.
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.
Ardea Resources has completed its infill RC drilling program at the Goongarrie South deposit, part of the Kalgoorlie Nickel Project, confirming high-grade nickel-cobalt-scandium mineralization. The results support the project’s status as Australia’s largest nickel-cobalt resource and align with the company’s strategy of focusing on high-grade development opportunities. The successful drilling results, characterized by premium goethite ore, promise positive impacts on mining and processing, enhancing project economics. The ongoing Definitive Feasibility Study, backed by partners Sumitomo Metal Mining and Mitsubishi Corporation, aims to upgrade Mineral Resources and define an enhanced Ore Reserve, positioning the Goongarrie Hub as a globally significant source of nickel and cobalt.
Ardea Resources has provided an update on the Definitive Feasibility Study (DFS) for the Goongarrie Hub within the Kalgoorlie Nickel Project, now expected to complete in the first half of 2026 due to minor delays. Despite the postponement, the company highlights significant progress, including a Heritage Agreement and increased stakeholder collaboration, which underscores its commitment to optimizing project outcomes and maintaining strong industry partnerships.