Interim Financial Report
Perth, Feb 27, 2019 AEST (ABN Newswire) - Ardea Resources Ltd (
ASX:ARL) (ARRRF:OTCMKTS) provides the Company's Interim Financial Report for the half-year ended 31 December 2018.
Ardea is a mineral exploration and development group, currently focussed on its cobalt, nickel and scandium project at Goongarrie, gold and nickel sulphide exploration in Western Australia and spin-out of the NSW assets including gold, zinc, silver and lead at its Lewis Ponds project.
Ardea's strategy for ultimate growth is to combine the following elements:
- Commercial nickel-cobalt-scandium production from Goongarrie.
- Maximise the commercial value of the existing WA tenement portfolio through the ongoing exploration and if required establishment and maintenance of suitable joint ventures and other alternate funding arrangements where appropriate.
- Ongoing commitment to the identification and review of projects/corporate opportunities that have the capacity to successfully develop into a profitable mine.
Ardea's major development projects are as follows:
- Goongarrie Nickel Cobalt Project as a subset of the Kalgoorlie Nickel Project (WA)
- Mt Zephyr and BTZ Gold Projects (WA)
- Lewis Ponds Project (NSW)
To view the full report, please visit:
http://abnnewswire.net/lnk/SR3803Z8
About Ardea Resources Ltd
Ardea Resources Ltd (ASX:ARL) (OTCMKTS:ARRRF) (FRA:A91) is an ASX listed resources company, with 100% controlled Australian based projects, prioritising a three-pronged value creation strategy which is:
- development of the Goongarrie Nickel Cobalt Project, which is part of the Kalgoorlie Nickel Project, a globally significant series of nickel-cobalt deposits which host the largest nickel-cobalt resource in the developed world, coincidentally located as a cover sequence overlying fertile orogenic gold targets;
- advanced-stage exploration at WA gold and nickel sulphide targets within the Eastern Goldfields world-class nickel-gold province; and
- the demerger of the NSW gold and base metal assets with planned in-specie share distribution, with projects located within the Lachlan Fold Belt world-class gold-copper province.
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