Ann: ARL SMM and MC to form a JV to develop KNP Goongarrie Hub, page-123

I have been waiting a long time, as most of us have, always with the thought that the possibility was always there that we would never get to production.
But a comment above by @RED328 is all I need to know to set my mind at rest, whatever the split/share.

Ardea gets the project developed and offtake

and imagine how Ian Buchhorn feels after all his years nurturing this project, always knowing it's worth taking it from Heron To ARL and just checking out our 1st original 2017 Investor Presentation with the headline being "Australia’s and the developed world’s* largest cobalt resource". (the nickel was a secondary stream back then)
I think it is the best of deals, well done to the ARDEA team and the consortium, the waiting for the right partners now seems worth the wait.