Ann: Ardea KNP Goongarrie Hub MOU with Japanese Consortium, page-37

@burner_7 Your link to an early article on this Ardea milestone PFS announcement, plus the naming of this "goliath" consortium (the first of many future articles) certainly helps shareholders understand things in simple terms -

From the Dharkatribune article today as posted by burner_7

Ardea shareholders should feel particularly relaxed with the following knowledge :-

The other announcement is perhaps more interesting. For we pretty much knew the Ni and Co numbers already. So, this from ARL: “Ardea Resources Limited (Ardea or the Company) is pleased to announce that the Company has signed a non-binding Memorandum of Understanding (MOU) with Sumitomo Metal Mining Co., Ltd (SMM), Mitsubishi Corporation (MC), and Mitsui & Co., Ltd (MBK).” If you're going to produce Ni and Co then you need a buyer and that's what is lined up there. Along with mining engineers as well. But the most important line is this: "Consortium is to sole fund the Definitive Feasibility Study upon agreeing on the scope"

The Japanese are to pay for this next stage of the project, moving from PFS to DFS. That is a relief for shareholders of course, that means there doesn't need to be a capital call to fund it.

It's also a strong validation of the numbers in the PFS and the validity of the project as a whole.