Ardea Resources (ASX: ARL) – KNP Nickel-Cobalt Project
COMPANY SCOREBOARD
| Pro Plus | Pro | Con Plus | Con |
|
|
|
ABOUT COMPANY
Ardea Resources (ARL) (https://ardearesources.com.au/) explores nickel and cobalt in Western Australia. The company holds over 3,300km2 ground position in Eastern Goldfields. Its flagship, the KNP nickel-cobalt project, contains Australia’s largest nickel-cobalt (laterite not sulphide) critical minerals resource.
CAPITAL STRUCTURE
| ASX Code | Share Price | Shares | Option (In) | Market Cap | Cash/Asset ($m) |
| ARL | 0.56 | 199562915 | 111755232.4 | 22.5/0 |
| Holders No | Top 20 (Cur) | Top 20 (Pre) | Director Hold | Performance Right | Note |
| 3935 | 53.45% | 54.71% | 7.90% | 3436400 | last raise $16m@70c; pre raise $21.5m@70c |
All performance rights conditions are met.
FLAGSHIP ASSETS
Kalgoorlie Nickel Project WA
Project Data
The Goongarrie Hub nickel deposits are laterite deposits not sulphide.
The company completed another PFS in July 2023, which indicated a total CAPEX of $3.1b with post-tax IRR of 23%.
A Japanese Consortium will fund to FID for sub $100m to earn a 50% stake.
Below are the project’s resources
SUMMARY
The nickle price wont come back for years.