Ardea Resources Ltd

Ardea Resources outlines new value creation strategy focused on Goongarrie Nickel-Cobalt Project

Ardea Resources Ltd (ASX:ARL) chief executive officer Andrew Penkethman speaks to Procative Investors about the base metals developer's new strategic focus arising from its annual general meeting in November last year.
The three-pronged value creation strategy focuses on Ardea's flagship Goongarrie Nickel-Cobalt Project (part of the largest nickel-cobalt resource in the developed world) and exploration programs in NSW and WA.
Penkethman notes the company is following on from pre-feasibility work programs with definitive feasibility work at Goongarrie.
"We'll be continuing to add value to Goongarrie but part of that process is tied to a strategic partner process we're also running," says Penkethman. 

Quick facts: Ardea Resources Ltd

Price: $0.50

Market: ASX
Market Cap: $54.75 m


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