Ardea Resources Limited (ASX:ARL) (OTCMKTS:ARRRF) ("Ardea" or "the Company") announces that Hunter Capital has initiated coverage on the Company.

To view this research note, please visit:
http://abnnewswire.net/lnk/HV3NHJ1O


About Ardea Resources Ltd

Ardea Resources Ltd (ASX:ARL) (OTCMKTS:ARRRF) (FRA:A91) is an Australian resources company which owns 100% of the Kalgoorlie Nickel Project (KNP), a globally significant series of nickel-cobalt laterite deposits which host the largest cobalt resource in the developed world. Ardea is focused on the development of the Goongarrie Nickel Cobalt Project (GNCP) within the KNP, 80km north of Kalgoorlie WA. Ardea has completed a Prefeasibility Study for a 1Mpta and 1.5Mtpa case on the GNCP and also a scoping study for a 2.25Mtpa case. Ardea is currently working with KPMG Australia Corporate Finance to secure a Strategic Partner to jointly develop the GNCP. Ardea also owns an extensive portfolio of projects in Western Australia and New South Wales which are highly prospective for gold, nickel sulphide and zinc.

  

Contact

Mr Brett Clark
Managing Director & CEO
Ardea Resources Limited
T: +61-8-6244-5136

Michael Weir
Citadel-MAGNUS
E: mweir@citadelmagnus.com
T: +61-402-347-032



Link: Initiation Coverage on Ardea Resources Ltd



Related Companies

Ardea Resources Ltd


Related Industry Topics:
Metals Materials General Mining Nickel Cobalt