Ardea Resources Ltd (ASX: ARL)Share Price and News
About Ardea Resources
Ardea Resources is progressing the Kalgoorlie Nickel Project (KNP), centred on the Goongarrie Hub located in Western Australia’s Eastern Goldfields. The project hosts Australia’s largest nickel-cobalt resource, with over 850 million tonnes in mineral resources and a strong focus on long-life, high-grade output.
The company’s assets are supported by excellent infrastructure, access to power and water, and a skilled local workforce. Alongside nickel and cobalt, Ardea is also exploring for scandium, lithium, rare earths, and gold across its broader tenement portfolio.
Ardea's Company History
Established in 2016, Ardea Resources was spun out from Heron Resources to focus solely on nickel and cobalt development. Since then, the company has built out the Kalgoorlie Nickel Project, with particular emphasis on the Goongarrie Hub. In 2024, Ardea formed a strategic partnership with Sumitomo Metal Mining and Mitsubishi Corporation.
The partners committed to fund a Definitive Feasibility Study (DFS) for the Goongarrie Hub, aiming to take the project through final development stages with world-class technical and financial backing.
Future Outlook of Ardea (ASX: ARL)
Ardea Resources is advancing the DFS for the Goongarrie Hub, which is expected to support over 40 years of nickel and cobalt production. Early projections indicate an annual output of around 30,000 tonnes of nickel and 2,000 tonnes of cobalt.
The project's operating cost forecast places it within the global second quartile, offering cost competitiveness over its long life. The partnership with two major Japanese corporations brings not only financial support but also downstream expertise and potential offtake arrangements.
Additionally, Ardea holds Major Project Status from the Australian Government, providing further strategic support. Despite these strengths, challenges remain. Securing full development funding, meeting environmental and regulatory obligations, and navigating market conditions will be essential for progress.
Global prices for nickel and cobalt also play a key role in determining the project's economic viability.
Is ARL a Good Stock to Buy?
Ardea Resources represents a high-potential opportunity in the critical minerals sector. The scale and quality of the Goongarrie Hub, supported by globally recognised partners, place ARL in a strong position as battery demand rises.
The project's location, infrastructure, and mineral endowment make it a strategic asset. That said, the company is still pre-revenue and faces typical development-stage risks—cost inflation, regulatory hurdles, and commodity price swings.
Investors looking for long-term exposure to nickel and cobalt may find ARL attractive, while risk-averse or income-focused investors might prefer to wait for further progress on financing and approvals.
Our Stock Analysis
Top 10 ASX Dividend Stocks to Watch in June 2025
As investors, one of the most attractive features of the Australian Securities Exchange (ASX) is its long-standing reputation for dividend-paying…
From Explorer to Producer: Greatland Gold’s Strategic Evolution
Greatland Gold has long been associated with promising exploration projects across some of the world’s most mineral-rich regions. However, in…
Battery Age Minerals (ASX:BM8) hopes for a Golden Age from one of the biggest sources of Kerry Packer’s wealth
Last November, our colleagues at Pitt Street Research introduced you to Battery Age Minerals (ASX:BM8), whose potential company-maker is an…
Vicinity Centres (ASX:VCX) has finally reached a P/NTA premium! So is FY26 time to be in the Vicinity?
Vicinity Centres (ASX:VCX) is one property stock we’ve been keeping our eyes on for several months. Vicinity Centres has some…
What is best US tech stock to buy in 2025? Here are 5 reasons why its Alphabet (NDQ:GOOGL)!
What is the best US tech stock to buy now if you’re an investor? Or perhaps the best Magnificent Seven…
Metals Acquisition (ASX:MAC): It owns one of Australia’s most famous copper mines and is being bought out for US$1bn
Just over 2 and a half years after listing in New York, Metals Acquisition (NYSE:MTAL, ASX:MAC) opted to dual list…
Frequently Asked Questions
Ardea Resources does not currently offer a dividend yield. As a development-stage company, it is focused on advancing its nickel and cobalt projects and reinvesting available capital into exploration and feasibility work.