Brief: Ardea Resources Announces Japanese Consortium Update On Progress On KNP Goongarrie Hub

Sumitomo Metal Mining

29/02/2024 01:37

Feb 29 (Reuters) - Ardea Resources Ltd  ARL.AX :
    * JAPANESE CONSORTIUM UPDATE ON PROGRESS ON KNP GOONGARRIE
HUB
    * CO AND A CONSORTIUM CONSISTING OF SUMITOMO METAL MINING &
MITSUBISHI CORPORATION REACHED AGREEMENT ON KALGOORLIE NICKEL
PROJECT
    * CONSORTIUM HAS ADVISED ARDEA THAT THEY HAVE COMPLETED
THEIR DUE
DILIGENCE
    * ARDEA, CONSORTIUM WILL CONTINUE DISCUSSIONS TO AGREE ON
BINDING
FINAL AGREEMENTS, AIMING TO BE FINALISED AND EXECUTED BY 31
MARCH
    * UPON EXECUTION OF FINAL AGREEMENTS, FUTURE WORK WILL BE
AIMED AT
COMPLETING DFS, MAKING A FINAL INVESTMENT DECISION, AMONG OTHERS

Source text for Eikon:  ID:nASX6vyLgs 
Further company coverage:  ARL.AX 

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