ARL ardea resources limited

WOW, Ardea just does not stop surprising. Generally these...

  1. 3,372 Posts.
    lightbulb Created with Sketch. 1898
    WOW,
    Ardea just does not stop surprising.
    Generally these resources held are capable of supporting multiple mainstream ASX companies IMO.
    We have so many choices and options available that management see fit to consider JV partnerships and spinouts in an attempt to extract the value for shareholders, themselves and Australia.
    Forgive me for rambling here, the difference between ARL and some of our peers is that our management have very substantial financial real dollar commitment as well as legacy interest in seeing that these resources are developed.
    We cannot question the motivation of our board to make this work.
    On Monday I bought on market again. No regrets.
    RED

    From the quarterly announcement

    Perrinvale nickel sulphide
    Grant of tenure was confirmed during the June Quarter.
    The Ardea exploration target is based on recent nickel sulphide discoveries immediately west of Perrinvale made by St George Mining. Regional magnetic data highlights that the feature which hosts the St George Mining nickel sulphide discoveries, has an ENE strike and extends into Perrinvale.
    The nickel sulphide prospects are overlain by transported cover, so geophysical methods such as moving loop Electro Magnetic (EM) surveys will be employed to facilitate drill hole targeting.
    A proposal has been received from a specialist consultant, with the EM survey planned to be completed during H2 2019.
    Any nickel sulphide occurrence located at Perrinvale could be potential GNCP autoclave feed, to provide additional sulphur and nickel units to the reaction vessel


    We share a common border with ST Georges Mining and the Cathedrals belt runs straight through our tenure
    https://hotcopper.com.au/data/attachments/1653/1653259-0446a02bee6805924715339eb4923fb3.jpg



 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
42.0¢
Change
-0.020(4.55%)
Mkt cap ! $88.37M
Open High Low Value Volume
43.0¢ 43.0¢ 42.0¢ $7.023K 16.43K

Buyers (Bids)

No. Vol. Price($)
1 1 43.0¢
 

Sellers (Offers)

Price($) Vol. No.
44.0¢ 10000 1
View Market Depth
Last trade - 11.24am 10/07/2025 (20 minute delay) ?
ARL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.