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60.0¢ ardea resources limited

Ann: Japanese Consortium Update on Progress on KNP Goongarrie Hub, page-15

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RED328

3,321 Posts.

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21/12/23

15:22

Post #: 71572244
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Originally posted by neweveryday: ↑

in my very layman view, I look at the About Info on each JC member that was originally published, and Sumitomo have the very long history and extensive experience in mining and developing mineral resources with expertise in HPAL; Mitsubishi Corporation has diverse and worldwide subsidiaries and interests - but common link across their breadth would be 'down stream' interest in secure supply of nickel, cobalt and other critical minerals. Where as of the three, Mitsui & Co being a global trading and investment company- would be the more interchangeable component. The fact that Sumitomo and Mitsui are still very much engaged in this process speaks volumes about the significance of KNP. It it a huge project, and once the strategic partnership is inked, it will be transformational for Ardea and all shareholders IMO.

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Hi Mate
• SMM and MC have reaffirmed their commitment to continue negotiations under the MOU and continuing discussions with Ardea. Mitsui & Co., Ltd (Mitsui) has elected to withdraw from the Consortium.

Sumitomo and Mitsubishi are still engaged with Ardea Resources.
Cheers RED

ARL Price at posting: 49.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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