Ardea Resources Limited
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Andrew Penkethman
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 45 Ord Street West Perth WA Australia 6005
- IPO Date
- Jan 8, 2021
- Website
- ardearesources.com.au
- Similar Companies
- Business
- Ardea Resources Limited explores and develops battery minerals, primarily nickel and cobalt, with additional scandium, lithium, gold, platinum-group elements, copper, and rare earths in Western Australia; flagship assets include the Kalgoorlie Nickel Project (KNP) hosting Australia's largest nickel-cobalt resource of 854Mt at 0.71% Ni and 0.045% Co for 6.1Mt contained nickel and 386kt contained cobalt, and its Goongarrie Hub subset with 584Mt at 0.69% Ni and 0.043% Co for 4Mt contained nickel and 250kt contained cobalt, plus the 100%-owned Kalpini Hub offering 270Mt nickel-cobalt-scandium-laterite resources and prospective nickel sulphides; operations target high-pressure acid leach (HPAL) processing for mixed hydroxide precipitate, mixed sulphide precipitate, and potential cathode-active materials, alongside innovative mineralised neutraliser use for cost reduction and scandium/rare earth recovery, with a 40+ year mine life, low operating costs of $6,000-$10,000 per tonne nickel, and in-pit tailings disposal in the Eastern Goldfields region covering over 3,480 sq km of tenements on granted mining leases 70km from Kalgoorlie-Boulder, benefiting from excellent road, rail, power, and gas infrastructure. Founded in 2016 and headquartered at Suite 2, 45 Ord Street, West Perth, Western Australia, the company advances the Goongarrie Hub Definitive Feasibility Study (DFS) funded up to A$98.5M by strategic partners Sumitomo Metal Mining Co., Ltd. (SMM) and Mitsubishi Corporation (MC), who earned an initial 17.5% equity in joint venture vehicle Kalgoorlie Nickel Pty Ltd (KNPL) in July 2025 via A$49M investment, with rights to increase to 35% post-DFS and 50% post-positive final investment decision; recent progress encompasses KNPL's Heritage Agreement with the Marlinyu Ghoorlie Native Title Claimant Group, RC infill drilling confirming high-grade goethite mineralisation at Goongarrie South (e.g., 34m at 1.75% Ni), hydrogeological test pumping, process plant 3D modeling and P&IDs issuance, Major Project Status renewal to 2028, and DFS completion now targeted mid-first half 2026 amid zero lost-time injuries and $15.5M cash (no debt) as of September 2025.
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