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Ardea Resources Ltd. ( (AU:ARL) ) just unveiled an announcement.
Ardea Resources Limited has announced progress on the Kalgoorlie Nickel Project (KNP) – Goongarrie Hub Definitive Feasibility Study (DFS), managed by its subsidiary Kalgoorlie Nickel Pty Ltd and funded by partners Sumitomo Metal Mining and Mitsubishi Corporation. The company awarded the Hydrogen Sulphide Plant package to Lycopodium, a significant step in their DFS, which aims to establish a low-cost nickel-cobalt production operation. This development underscores Ardea’s strategic positioning in the nickel sector, aligning with the rising demand for nickel in lithium-ion battery production, and highlights the company’s commitment to advancing its nickel development projects.
More about Ardea Resources Ltd.
Ardea Resources Limited is an ASX-listed nickel development company engaged in a joint venture with Sumitomo Metal Mining and Mitsubishi Corporation. The company’s primary focus is the development of the Kalgoorlie Nickel Project (KNP) and its Goongarrie Hub, which is a significant series of nickel-cobalt and critical mineral deposits. These deposits host the largest nickel-cobalt resource in Australia and one of the largest in the developed world, emphasizing Ardea’s commitment to environmental, social, and governance (ESG) standards.
YTD Price Performance: 10.0%
Average Trading Volume: 11,692
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $51.83M
For an in-depth examination of ARL stock, go to TipRanks’ Stock Analysis page.
