Tag: Ardea Resources

Ardea’s Kalgoorlie Nickel Project Awarded Major Project Status

Ardea’s Kalgoorlie Nickel Project Awarded Major Project Status

Ardea Resources Limited’s (ASX:ARL) Kalgoorlie Nickel Project (KNP) has been awarded Major Project Status by the Australian Federal Government. Managing Director, Andrew Penkethman, said this is a major breakthrough in the development of the project. “The Ardea team thank the Australian Federal Government and its agencies for the award of Major Project Status to the Kalgoorlie Nickel Project. “This recognition will assist in advancing the KNP towards development through stream lining the approvals process and providing access to additional sources of potential project funding. “Globally significant nickel-cobalt projects like the KNP, combined with a benign environmetal setting are a rareity. “With the award of Major Project Status, Ardea is well placed to provide a significant sustainable and ethical supply chain...

Cobalt on a tear

Cobalt on a tear

Workers at the Kamoto underground mine in the Congo. Image: Katanga Mining. By Cameron Drummond COBALT – one of the fastest rising commodities of 2017 – has attracted attention from a plethora of mining companies looking to take advantage of heightened demand for the strategic metal. A key component in the production of lithium-ion batteries, cobalt flew ‘under the radar’ relative to commodity darling lithium in 2016. However, in the past few months the spot price has more than doubled year-on-year, sparking a flurry of activity from opportunistic Australian mining juniors. On 29 March, the London Metals Exchange (LME) cash price for cobalt was $US53,500 per tonne (t), representing a 122 per cent...