
Ardea Resources signs MoU for Kalgoorlie nickel project
Ardea Resources signs MoU for Kalgoorlie nickel project Ardea Resources (ASX:ARL) has signed a non-binding memorandum of understanding (MoU) with Sumitomo Metal Mining, Mitsubishi Corporation and Mitsui & Co for the Kalgoorlie nickel project (KNP). Sumitomo is a pre-eminent Japanese nickel-cobalt laterite development and production company and in partnership with Mitsubishi Corporation and Mitsui & Co — Japan’s two largest trading houses — will form the consortium. Under the MoU, the companies will work together to negotiate a binding agreement to complete the Goongarrie hub definitive feasibility study, make a final investment decision and secure project development funding for the KNP. Ardea chief executive and managing director Andrew Penkethman welcomes the...









