Ardea Resources

Ardea Resources presented the Kalgoorlie nickel project as a long-term critical minerals initiative and reports support commitments of around AUD 1 billion from Export Finance Australia and the U.S. Export-Import Bank. The project will be operated through KNPL in a joint venture where Ardea holds 65% and Japanese partners currently hold 35% (with an option to increase to 50%) and have committed to 75% of offtake volumes. Planned annual production is about 30,000 t of nickel and 2,000 t of cobalt for at least 40 years; Ardea expects cost competitiveness against international peers and is working to finalise the feasibility study and other financing options. » Mere på de.investing.com

Ardea Resources presented the Kalgoorlie nickel project as a strategically important, long-life critical minerals asset with about 6.1 million tonnes of contained nickel. The project targets annual production of around 30,000 tonnes of nickel and 2,000 tonnes of cobalt over a life of more than 40 years. Financing commitments totalling AUD 1 billion, including contributions from Export Finance Australia and the U.S. Export-Import Bank as well as Japanese partner stakes with Sumitomo Metal Mining and Mitsubishi, underpin the plan. The definitive feasibility study is underway in the KNPL joint venture, environmental studies are still outstanding, and state-level permit submissions are planned for the end of 2024. » Mere på de.investing.com