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43.5¢ ardea resources limited

Ann: Japanese Consortium Update on Progress on KNP Goongarrie Hub, page-92

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Mick91

122 Posts.

48

18/04/24

10:27

Post #: 73402355
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Originally posted by Gutshot99: ↑

My theory on the announcement delay
ARL is waiting on conditional approval from Export Finance Australia for an amount circa $600m (roughly 20% of total) from the critical minerals fund. Once this is received the following will occur
- ARL is able to bring to the JV, great asset and conditional loan of $600m dependent on DFS
- JC can then go to stakeholders and get funding for DFS as they can advise the above and will receive 15-25% equity and preferential off take agreements to fund the DFS and providing mining knowledge and experience in laterite mining.
- Agreement signed
- DFS will occur with the already approved suppliers of the now JV.
- DFS comes back as expected
- Export Finance Australia approves $600m based on DFS
- JV can go to market and easily obtain senior debt funding for the build as it has, great asset, DFS, mining knowledge, off take agreements, mezzanine debt funding of $600m and experienced JV
- ARL JV now has Mezzanine and Senior debt funding at cheap rates to build and start mining.

this is my speculation and not compiled with any facts.
DYOR and GLTAH

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That would be excellent or dream come true outcome. More than lowers risk, that would attract a lot of investors.

ARL Price at posting: 73.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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Last 43.5¢		Change 0.000(0.00%)		Mkt cap ! $85.86M

Open	High	Low	Value	Volume
43.0¢	43.5¢	43.0¢	$4.422K	10.28K

Buyers (Bids)

No.	Vol.	Price($)
1	260	43.0¢

Sellers (Offers)

Price($)	Vol.	No.
43.5¢	546	1

View Market Depth

No.	Vol.	Price($)
1	260	0.430
3	16577	0.425
2	2580	0.420
2	34390	0.410
1	25000	0.405

Price($)	Vol.	No.
0.435	546	1
0.440	2238	1
0.460	3420	1
0.465	8333	1
0.480	40000	2

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ARL (ASX) Chart