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Ardea Resources (AU:ARL) — Company Overview, News & Financial Data

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Ardea Resources

About

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Ardea Resources (ASX:ARL) is an Australian nickel-cobalt development company focused on the Kalgoorlie Nickel Project in Western Australia. The Kalgoorlie Nickel Project is one of the largest nickel laterite resources in the world, with a resource of 6.1 million tonnes of nickel and 386,000 tonnes of cobalt. Ardea is currently developing the Kalgoorlie Nickel Project into a producing mine, with a target production of 30,000 tonnes of nickel and 2,000 tonnes of cobalt per year.

Snapshot

Public AUOwnership
2016Year founded
14Employees
Perth, AustraliaHead office
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Global footprint

Operations

All Locations
Perth, AU

Products and/or services of Ardea Resources

  • Kalgoorlie Nickel Project: A nickel-cobalt laterite project located in the Eastern Goldfields of Western Australia. It is one of the largest nickel resources in the world, with a resource of 6.1 million tonnes of nickel and 386,000 tonnes of cobalt. Ardea is currently developing the KNP into a producing mine, with a target production of 30,000 tonnes of nickel and 2,000 tonnes of cobalt per year.
  • Goongarrie West, KNP REE Discovery: Significant intercepts of Total Rare-Earth Oxides at the company’s KNP project.
  • Perrinvale Nickel Sulphide Prospect: Perrinvale is located approximately 100km west of Leonora.
  • Mt Zephyr-Darlot East Red 5 Joint Venture: In November 2020, Ardea executed a Farm-in Joint Venture Agreement with ASX-listed gold producer Red 5 Limited (ASX: RED, Red 5). Red 5 can earn up to an 80% interest in Ardea’s Mt Zephyr and Darlot East Gold Projects, both located in close proximity to the Red 5 Darlot Gold Mine.
  • Bedonia: The Bedonia group of four tenements is to the east of Norseman in the southern Eastern Goldfields.

Ardea Resources executive team

  • Mr. Andrew Penkethman B.Sc.CEO, MD & Director
  • Mr. Michael Anjel Rodriguez M.A.I.C.D.Executive Director
  • Mr. Robert Samuel Middlemas B.Com., C.A.Company Secretary
  • Mr. Mathew CollingsGeneral Manager of Corporate Development