News Articles for Andrew Penkethman

Some heavy hitters are behind Ardea Resources' efforts to develop a nickel deposit in the eastern Goldfields.

Japanese giant Sumitomo Metal Mining has announced it will become a significant shareholder in West Perth-based junior Ardea Resources, following a $4.6 million investment.

The Foreign Investment Review Board has given the green light for a “globally significant” joint venture to develop a nickel-cobalt resource near Kalgoorlie.

Institutional and sophisticated investors have supported a $16 million raise for ASX-listed Ardea Resources to fund a study for its Kalgoorlie nickel project.

Ardea Resources has signed a memorandum of understanding with a Japanese consortium to develop a sub-set of its Kalgoorlie nickel project after tabling a price tag of $3.18 billion.

Ardea Resources' Kalgoorlie nickel project has been granted major project status by the federal government amid a heightened period of activity for the commodity.

Perth business Ardea Resources has secured funds through a share placement to continue exploring its Kalgoorlie nickel project.

Ardea Resources has raised $5.7 million through a share placement to fund feasibility work at the company's Kalgoorlie nickel project.

Anglo Australian Resources is seeking to raise $14 million for its gold project near Kalgoorlie, while fellow explorers Ardea Resources and Surefire Resources have also announced capital raisings.

Our board moves wrap includes Andrew Penkethman, Katina Law, Tim Edwards, David Straface, Jordan Luckett, Justin Barton, and Greg Cunnold.

Andrew Penkethman has been appointed chief executive of Ardea Resources.