Ardea Resources Ltd Information

Ardea Resources’ 100%-owned Kalgoorlie Nickel Project (KNP) is the largest Ni - Co resource in Australia and sits within the top 10 globally, making it of a scale that is incredibly rare and important in the World’s journey to Net Zero. The KNP is located 80km north of Kalgoorlie, Western Australia - a world-class mining jurisdiction providing extensive existing infrastructure and a skilled work force. The KNP MRE contains a total of 854Mt @ 0.71% Ni and 0.045% Co for 6.1Mt nickel and 386kt cobalt contained metal ( Mineral Resource Estimate, JORC Code (2012) ) (see ASX announcement, 30 June 2023 ). The Goongarrie Hub within the KNP was the subject of the 2023 PFS which showed that the Goongarrie Hub will be a multi-decade operation with strong production and earnings (see ASX announcement, 5 July 2023). Scandium and other critical minerals will be assessed in future studies. 100% offtake is available linked to project funding. Ardea intend to produce MHP or other product to customer requirements, as an ethical and sustainable supply chain product for the LIB sector Ardea is continuing with additional battery and critical mineral exploration to maximise the value of their strategic KNP ground holding. Ardea’s strategic KNP tenement portfolio offers unrivalled Critical Minerals exploration upside.