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Ardea Resources Ltd.
(Sydney:ARL)
Ardea Resources Ltd. (ARL) vs. S&P 500 (SPY)
Ardea Resources Ltd. Business Overview & Revenue Model
Ardea Resources Ltd. 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 | ||||
| 14.91M | 14.85M | 10.65M | 22.02M | 5.69M | 10.01M | Total Assets |
| 27.86M | 59.78M | 47.78M | 50.60M | 36.10M | 33.50M | Total Debt |
| 0.00 | 1.24M | 153.60K | 280.29K | 51.79K | 120.84K | Net Debt |
| -14.91M | -13.60M | -10.49M | -21.74M | -5.64M | -9.89M | Total Liabilities |
| 956.77K | 4.61M | 1.92M | 1.59M | 812.07K | 794.75K | Stockholders Equity |
| 26.90M | 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 Ltd. Technical Analysis
Ardea Resources Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | $2.71B | 1,418.92 | -36.53% | 10.51% | -28.50% | -532.61% | |
54 Neutral | £12.11B | 53.59 | -3.53% | 3.95% | -19.74% | ― | |
49 Neutral | AU$2.24B | 17.84 | -7.32% | 7.77% | -6.64% | -209.78% | |
49 Neutral | $1.93B | -1.63 | -22.26% | 3.87% | 0.68% | -27.45% | |
47 Neutral | €406.53M | ― | -16.63% | ― | ― | 57.93% | |
45 Neutral | $87.86M | ― | -15.37% | ― | ― | -34.41% |
Ardea Resources Ltd. Corporate Events
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.
Ardea Resources Ltd. has released its interim financial report for the half-year ending December 31, 2024. This report accompanies their continuous disclosure obligations under the Corporations Act 2001 and serves as a snapshot of the company’s financial status, pending its full annual report. This announcement provides stakeholders with preliminary insights into the company’s financial health, potentially impacting its operations and market positioning.
Ardea Resources Ltd. is advancing its Kalgoorlie Nickel Project at the Goongarrie Hub, which is set to be a large-scale, low-cost nickel-cobalt operation. The project has recently moved from the Pre-Feasibility Study phase to the Definitive Feasibility Study phase. The Pre-Feasibility Study suggests significant economic potential for the project, highlighting its promising future in the nickel-cobalt industry.
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.
Ardea Resources Limited has reported a strong financial position with $13.2 million cash and no debt as of December 2024. The company is advancing its Kalgoorlie Nickel Project (KNP) – Goongarrie Hub, with the Definitive Feasibility Study (DFS) fully funded by Sumitomo Metal Mining and Mitsubishi Corporation up to A$98.5 million. Significant progress has been made in areas such as metallurgical testing, hydrogeology, process plant development, and environmental surveys. The company is strategically positioned to develop the Goongarrie Hub as a long-life, low-cost source of critical minerals, while ongoing discussions with the consortium focus on the optimal funding strategy post-DFS. The nickel market is influenced by global factors, including changes in supply and demand dynamics and geopolitical developments.