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An announcement from Ardea Resources ( (AU:ARL) ) is now available.
Ardea Resources has completed its infill RC drilling program at the Goongarrie South deposit, part of the Kalgoorlie Nickel Project, confirming high-grade nickel-cobalt-scandium mineralization. The results support the project’s status as Australia’s largest nickel-cobalt resource and align with the company’s strategy of focusing on high-grade development opportunities. The successful drilling results, characterized by premium goethite ore, promise positive impacts on mining and processing, enhancing project economics. The ongoing Definitive Feasibility Study, backed by partners Sumitomo Metal Mining and Mitsubishi Corporation, aims to upgrade Mineral Resources and define an enhanced Ore Reserve, positioning the Goongarrie Hub as a globally significant source of nickel and cobalt.
The most recent analyst rating on (AU:ARL) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Ardea Resources stock, see the AU:ARL Stock Forecast page.
More about Ardea Resources
Ardea Resources Limited is a company operating in the mining industry, primarily focusing on nickel, cobalt, and scandium resources. The company is engaged in the development of the Kalgoorlie Nickel Project (KNP) – Goongarrie Hub, which is positioned to become a significant source of responsible nickel and cobalt supply, meeting high environmental, social, and governance (ESG) standards.
YTD Price Performance: 64.18%
Average Trading Volume: 83,465
Technical Sentiment Signal: Buy
Current Market Cap: A$115.7M
For detailed information about ARL stock, go to TipRanks’ Stock Analysis page.