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Ardea Advances Kalgoorlie Nickel Project with $98.5M DFS Backing and Strong Drilling Results
6:35am on Monday 2nd of June, 2025 AEST
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Mining
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Ardea Advances Kalgoorlie Nickel Project with $98.5M DFS Backing and Strong Drilling Results
6:35am on Monday 2nd of June, 2025 AEST
Key Points
Completion of 80% of planned 48,800m RC infill drilling at Goongarrie Hub
Awarding of key engineering contracts including hydrogen sulphide, acid, and desalination plants
Strong financial position with $12M cash and no debt, plus $64M DFS funding remaining
Strategic partnership with Sumitomo Metal Mining and Mitsubishi Corporation funding DFS
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