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Ardea Resources_Sumitomo Toyo Smelter Bulls N' Bears 16 Apr 2025

Sumitomo stumps up $4.6M to become substantial Ardea shareholder

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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

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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.

ARDEA_NICKEL RIG_BULLSNBEARSWA Bulls N' Bears 17 Jan 2025

Ardea awards multiple contracts ahead of massive nickel DFS

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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.

Japanese giants ink commitment to Ardea nickel project Bulls N' Bears 02 Sep 2024

Japanese giants ink commitment to Ardea nickel project

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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.

FIRB green-lights Japanese investment in Ardea nickel plan Bulls N' Bears 14 Aug 2024

FIRB green-lights Japanese investment in Ardea nickel plan

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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.

“Big Dogs” lift junior mining partners to greater heights Bulls N' Bears 08 Aug 2024

“Big Dogs” lift junior mining partners to greater heights

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In tough recent times for many junior mining companies on the ASX, luring a financially-powerful “big dog” onto the share register to provide some much-needed muscle has become a common boardroom pursuit. Bulls N' Bears takes look at some of those companies which have received both a timely cash injection and a share price boost up to recent highs.

Ardea kicks off DFS on giant WA nickel project Bulls N' Bears 08 Jul 2024

Ardea kicks off DFS on giant WA nickel project

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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.

Ardea launches DFS drilling for giant WA nickel play Bulls N' Bears 04 Jul 2024

Ardea launches DFS drilling for giant WA nickel play

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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.

Ardea nickel testwork brings bank balance boost Bulls N' Bears 13 Jun 2024

Ardea nickel testwork brings bank balance boost

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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”.

Ardea locks in Japanese giants for Kalgoorlie nickel project Bulls N' Bears 29 Apr 2024

Ardea locks in Japanese giants for Kalgoorlie nickel project

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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.

Giant PFS underpins Ardea share price hike Bulls N' Bears 08 Jan 2024

Giant PFS underpins Ardea share price hike

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What made share prices rise in 2023? Bulls N' Bears will take a look in the next few days, starting with Ardea Resources. Its stock jumped 162 per cent in a busy four days during the middle of last year on the back of a mineral resource upgrade and a mammoth prefeasibility study for its Goongarrie Hub nickel-cobalt deposits in Western Australia's Goldfields region.

Brightstar, DevEx sign farm-in JV on Goongarrie nickel Bulls N' Bears 25 Jul 2023

Brightstar, DevEx sign farm-in JV on Goongarrie nickel

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Brightstar Resources has inked an earn-in agreement with DevEx Resources on two of the former's Goongarrie project exploration licences. The deal will see Brightstar retain all gold rights, while DevEx can earn up 75 per cent of the non-gold rights by exploring for nickel along the northward extensions of existing and historic deposits within the Highway ultramafic.

Brightstar scores high-grade gold in first Menzies drilling Bulls N' Bears 19 Jul 2023

Brightstar scores high-grade gold in first Menzies drilling

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Inaugural drilling in three locations at Brightstar Resources' new Menzies gold project has returned multiple high-grade hits of up to 39g/t gold in initial assays from the first 10 holes of a recently completed 37-hole program, for a total of 4486m. Management says its work confirms high grades typical of the historic underground mines of the Menzies goldfields.

Ardea, Brightstar expand flagship projects with land swap Bulls N' Bears 17 Jul 2023

Ardea, Brightstar expand flagship projects with land swap

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Ardea Resources and Brightstar Resources have agreed to a tenement swap as the former looks to expand its Kalgoorlie nickel project Goongarrie Hub, while the latter builds its Menzies gold-lithium operation. Brightstar will acquire all mineral rights to 10 prospecting licenses immediately adjacent to or along strike at its existing holdings, in addition to gold and lithium rights to another exploration license.

Appointments 10 Feb 2023

Appointments February 10, 2023

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Our weekly appointments wrap includes Donna Thornton, Jeremy Meynert, Simon Tyrrell, Matthew Read, Gavin Chamberlain, Jason McFarlane, Giles Tuffin, Nikki Harvey, Chris Massey, Nick de Vries, Daniel Miller, Aaron Heary, Phil McClintock and Janet Holmes à Court.

Kalgoorlie Gold Mining set to hit ASX with Ardea gold assets Bulls N' Bears 19 Oct 2021

Kalgoorlie Gold Mining set to hit ASX with Ardea gold assets

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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.

Kingwest onto stellar gold hits under Goldfields’ salt-lake Bulls N' Bears 01 Feb 2021

Kingwest onto stellar gold hits under Goldfields’ salt-lake

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Gold hopeful, Kingwest Resources has turned in the first assays from its inaugural aircore drilling campaign at the Goongarrie gold project and they have not disappointed. The initial report card reads well with one of the best hits returning a stellar 38m at 3.1 g/t gold from 62m, including 6m at 17.2 g/t from 94m downhole. The project sits almost on the main highway between Kalgoorlie and Menzies.

Ardea strikes gold in maiden drill program at Aphrodite Bulls N' Bears 13 Aug 2020

Ardea strikes gold in maiden drill program at Aphrodite

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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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