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 
(20min delay)