Top Page
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 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 82.25K | 322.36K | 75.12K | 22.24K | 146.85K | 83.57K | Gross Profit |
| 82.25K | 322.36K | -163.20K | -118.52K | 54.76K | -41.62K | EBIT |
| -5.10M | -4.42M | -3.10M | -1.86M | -1.08M | -1.15M | EBITDA |
| -8.52M | -7.45M | -4.00M | -5.19M | -2.21M | -1.95M | Net Income Common Stockholders |
| -8.35M | -7.71M | -4.24M | -5.33M | -2.30M | -2.08M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 13.28M | 14.85M | 10.65M | 22.02M | 5.69M | 10.01M | Total Assets |
| 77.15M | 59.78M | 47.78M | 50.60M | 36.10M | 33.50M | Total Debt |
| 19.85M | 1.24M | 153.60K | 280.29K | 51.79K | 120.84K | Net Debt |
| 6.56M | -13.60M | -10.49M | -21.74M | -5.64M | -9.89M | Total Liabilities |
| 25.68M | 4.61M | 1.92M | 1.59M | 812.07K | 794.75K | Stockholders Equity |
| 51.47M | 55.17M | 45.87M | 49.01M | 35.29M | 32.70M |
| Cash Flow | Free Cash Flow | ||||
| -27.36M | -11.63M | -13.31M | -10.34M | -10.14M | -5.74M | Operating Cash Flow |
| -6.58M | -4.14M | -1.37M | -2.07M | -554.67K | -91.01K | Investing Cash Flow |
| -19.39M | -7.49M | -10.00M | -7.28M | -8.40M | -3.88M | Financing Cash Flow |
| 19.63M | 15.83M | -5.00K | 25.68M | 4.64M | 2.79M |
Ardea Resources Technical Analysis
Ardea Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $2.04B | -1.15 | -21.24% | 3.95% | 2.91% | -30.44% | |
48 Neutral | $85.22M | ― | -15.37% | ― | ― | -34.41% | |
| $50.53M | ― | -15.36% | ― | ― | ― | ||
54 Neutral | AU$130.57M | ― | -15.33% | ― | -52.53% | -27.29% | |
44 Neutral | AU$101.73M | ― | -141.59% | ― | 562.03% | -336.00% | |
41 Neutral | AU$75.80M | ― | -5.23% | ― | ― | 54.26% | |
36 Underperform | AU$98.37M | ― | -26.16% | ― | ― | -28.93% |
Ardea Resources Corporate Events
Ardea Resources has announced the progression of its Goongarrie Project, a significant nickel-cobalt development in Australia. The project has completed its Pre-Feasibility Study phase and is moving into the Definitive Feasibility Study phase, indicating positive economic potential. This advancement positions the company strategically within the nickel-cobalt industry, potentially impacting its market presence and offering promising prospects for stakeholders.
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.
Ardea Resources Limited has received a $1.2 million R&D Tax Incentive Rebate from the Australian Tax Office for its innovative processing research at the Kalgoorlie Nickel Project. This rebate, alongside a recent strategic placement, strengthens Ardea’s financial position, supporting its ongoing research and development efforts. The company’s focus on maximizing the value of the Goongarrie deposits is highlighted by its Mineralised Neutraliser process, which has led to an international patent application. This development underscores Ardea’s commitment to advancing its globally significant Critical Minerals project and enhancing its industry positioning.
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.
Ardea Resources has reported significant progress in the March 2025 quarter for its Kalgoorlie Nickel Project – Goongarrie Hub, with substantial advancements in drilling, design, and feasibility studies. The company remains financially robust with $12M cash and no debt, and has further strengthened its position by raising $4.6M through a placement with Sumitomo Metal Mining. The appointment of ICA Partners to support funding strategy and the submission for Major Project Status renewal highlight Ardea’s strategic moves to enhance its project execution capabilities. Additionally, the company has been active in ESG initiatives, including supporting community projects and engaging consultants for environmental assessments, which underscores its commitment to sustainable development.
Sumitomo Metal Mining Co., Ltd. has become a substantial holder in Ardea Resources Limited, acquiring a 5.10% voting power through the purchase of 10,730,000 ordinary shares. This acquisition, valued at $4,613,900, signifies a strategic investment by Sumitomo Metal Mining, potentially impacting Ardea Resources’ market positioning and stakeholder interests.
Ardea Resources Ltd has issued 10,730,000 fully paid ordinary shares at $0.43 each to Sumitomo Metal Mining Co., Ltd as part of a placement. This issuance, announced on April 16, 2025, allows the shares to be traded immediately under the exemption provided by section 708A(5) of the Corporations Act, indicating compliance with relevant legal provisions and enabling liquidity for investors.
Ardea Resources Ltd. has announced the quotation of 10,730,000 ordinary fully paid securities on the Australian Securities Exchange (ASX), as part of a previously announced transaction. This move is expected to enhance the company’s financial flexibility and support its ongoing projects, potentially strengthening its position in the mining sector and offering new opportunities for stakeholders.
Ardea Resources Ltd. has announced a proposed issuance of 10,730,000 ordinary fully paid securities, scheduled for April 23, 2025. This move is part of a strategic placement, potentially impacting the company’s financial structure and market positioning by increasing its capital base, which could enhance its operational capabilities and investor appeal.
Ardea Resources Limited has secured a strategic investment of A$4.6 million from Sumitomo Metal Mining Co., Ltd, which will enhance their partnership and support the development of the Kalgoorlie Nickel Project – Goongarrrie Hub. This investment, made at a premium to Ardea’s recent share prices, underscores the strength of their collaboration and the strategic importance of the Goongarrrie Hub as a major nickel-cobalt source in a prime jurisdiction. The funds will be used primarily for working capital to advance the ongoing Definitive Feasibility Study.
Ardea Resources Limited has completed an infill drilling program at its Big Four and Scotia Dam nickel-cobalt deposits, part of the Kalgoorlie Nickel Project’s Goongarrie Hub. The results confirm the continuity and high grade of the mineralization, supporting potential upgrades to resource classifications and aiding in the development of a robust mining plan. This is crucial for the project’s first five years of production, with ongoing drilling and assays at other deposits continuing to bolster the project’s feasibility.
Ardea Resources Ltd. has announced the completion of the Pre-Feasibility Study phase for its Goongarrie Project, which is part of the larger Kalgoorlie Nickel Project. The project has now moved into the Definitive Feasibility Study phase, indicating positive economic potential. This advancement underscores the company’s strategic focus on enhancing its market position in the nickel and cobalt sectors, which are crucial for battery production. The announcement highlights the potential impact on Ardea’s operations, positioning it as a significant player in the future-facing commodities market.
Ardea Resources Limited announced the cessation of Ian Buchhorn as a director of the company as of March 21, 2025. The notice detailed Buchhorn’s interests in the company’s securities, including both direct and indirect holdings. This change in directorship may impact the company’s governance structure and could influence stakeholder perceptions regarding the company’s strategic direction.