Ardea Resources (ASX:ARL) Awards $5.4M Contract for Kalgoorlie Project
DFS Progress
Ardea Resources continues its Definitive Feasibility Study (DFS) for the Kalgoorlie Nickel Project – Goongarrie Hub, with a budget of $98.5 million. The DFS is managed by Kalgoorlie Nickel Pty Ltd and funded by Sumitomo Metal Mining and Mitsubishi Corporation.
Contract Awards
The company has awarded multiple work packages, including a $5.4 million contract to multinational engineering firm Lycopodium for the Hydrogen Sulphide Plant package. The plant will produce Mixed Sulphide Precipitate (MSP), a precursor for electrolytic nickel and cobalt products used in lithium-ion batteries.
Executive Comments
Managing Director and CEO Andrew Penkethman noted: “Ardea are pleased to see the progress the Kalgoorlie Nickel Pty Ltd team are making on the Kalgoorlie Nickel Project – Goongarrie Hub Definitive Feasibility Study. This includes the award of key contracts and work packages to quality service providers, such as Lycopodium.”
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