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Bulls N' Bears 16 Apr 2025

Sumitomo stumps up $4.6M to become substantial Ardea shareholder

Ardea Resources has secured a pivotal $4.6 million strategic placement from Japanese joint venture partner Sumitomo Metal Mining to progress the company's mammoth Kalgoorlie Nickel project in Western Australia. The cash injection will primarily fuel working capital, ensuring Ardea's expert team continues to drive the ongoing $98.5M definitive feasibility study, which Sumitomo will pay for.

Ardea Resources_nickel laterite_BULLSNBEARSWa

Bulls N' Bears 14 Apr 2025

Infill drill testing firms up Ardea high-grade WA nickel deposit

Ardea Resources has completed a 287-hole infill reverse circulation drilling program to support potential resource classification upgrades at its vast Goongarrie Hub nickel project, 5km south of Menzies. The company drilled 186 holes at its Big Four prospect for 10,238m, while 101 holes were put in at Scotia Dam for 6332m. Ardea has sampled a total of 16,570m of vertical holes at 2m intervals over their full depths.

Bulls N' Bears 17 Jan 2025

Ardea awards multiple contracts ahead of massive nickel DFS

Ardea Resources has hit the ground running at its massive Goongarrie Hub nickel laterite project in WA's Goldfields with four drill rigs active and several work contracts already awarded. Supported by mega joint venture partners Sumitomo and Mitsubishi, the $98.5 million DFS is looking to prove up the economics of turning the project into a low-cost, multi-decade laterite nickel-cobalt producer.

Bulls N' Bears 02 Sep 2024

Japanese giants ink commitment to Ardea nickel project

Ardea Resources has hit a major milestone in the development of its Goongarrie Hub nickel-cobalt project in Western Australia after executing a binding agreement with a giant Japanese consortium. It now locks away a 50:50 joint venture with Sumitomo Metal Mining and Mitsubishi Corporation in a deal where the consortium has committed to funding a $98.5 million definitive feasibility study to earn into the project.

Bulls N' Bears 14 Aug 2024

FIRB green-lights Japanese investment in Ardea nickel plan

Australia's Foreign Investment Review Board (FIRB) has given its approval for a powerful Japanese consortium consisting of Sumitomo Metal Mining and Mitsubishi Corporation to join forces with Ardea Resources for the development of the Goongarrie Hub operation within the latter's giant Kalgoorlie Nickel Project (KNP) in Western Australia's Goldfields region. A joint venture (JV) agreement was signed by the three parties in April this year.

Bulls N' Bears 08 Jul 2024

Ardea kicks off DFS on giant WA nickel project

Ardea Resources has launched a $98.5 million definitive feasibility study, fully funded by a powerhouse Japanese consortium, for its giant Goongarrie Hub nickel project that sits 70km north-west of Kalgoorlie in WA's Eastern Goldfields region. The Goongarrie Hub is an integral part of the company's Kalgoorlie nickel project that embraces a collection of deposits combining to host what it says is the biggest nickel-cobalt resource in the developed world.

Bulls N' Bears 04 Jul 2024

Ardea launches DFS drilling for giant WA nickel play

Ardea Resources has kicked off definitive feasibility study drilling planned to stretch for 51,745m in 888 holes at the Goongarrie Hub nickel project that it now shares with a giant Japanese consortium in the Western Australian Goldfields town of Kalgoorlie. The aim is to upgrade the project's massive nickel-cobalt resource to the coveted measured mineral category to boost the confidence in its initial five-year plan.

Bulls N' Bears 13 Jun 2024

Ardea nickel testwork brings bank balance boost

Ardea Resources' high-tech mineral processing technique has boosted the nickel-cobalt inventory at its Goongarrie Hub project near Kalgoorlie in Western Australia and earned it a healthy Federal Government grant of $1.1 million. It comes less than two months after a giant Japanese consortium committed to backing the development of the project described by the Federal Government as “globally significant”.

Bulls N' Bears 29 Apr 2024

Ardea locks in Japanese giants for Kalgoorlie nickel project

A giant Japanese consortium has committed to backing the development of Ardea Resources' Goongarrie Hub project in Western Australia's Goldfields region – a major milestone for the nickel-cobalt operation billed by the Federal Government as “globally significant”. Sumitomo Metal Mining and Mitsubishi Corporation have agreed to join Ardea to form an incorporated joint venture to be known as Kalgoorlie Nickel.

Bulls N' Bears 19 Oct 2021

Kalgoorlie Gold Mining set to hit ASX with Ardea gold assets

Kalgoorlie Gold Mining is set to pocket up to $12 million following the closing date of its initial public offering on the 26th of October. The company will use the money to follow up on some bonanza historical gold hits east of Kalgoorlie that inexplicably were never run to ground. Kalgoorlie Gold will spin out of Ardea Resources who has been quietly amassing some serious gold tenure amongst its massive nickel holdings.

Bulls N' Bears 13 Aug 2020

Ardea strikes gold in maiden drill program at Aphrodite

Ardea Resources has received plenty of encouragement from the first RC drilling the company has undertaken at its Aphrodite North gold project, 80km north of Kalgoorlie, with significant gold hits encountered in newly delineated mineralised lodes. Notable intersections from a seven-hole program were 6m going 3.60 grams per tonne gold from 44m including 2m at 9.99 g/t and 8m at 4.94 g/t from 172m including 4m at 9.42 g/t.

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