ARL ardea resources limited

Ann: Outstanding PFS for the Goongarrie Nickel Cobalt Project, page-4

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    Nothing wrong with starting conservatively.

    1.0 Mtpa base case production. › 5,500 tpa of cobalt sulphate (1,180 tpa contained cobalt). › 41,500 tpa of nickel sulphate (9,300 tpa contained nickel).
    › Capital cost of A$599 million including A$77 million contingency.
    › Competitive industry C1 cash cost of US$0.42/lb nickel metal (after cobalt credits).
     Strong interest from potential EPC and offtake partners.
     Definitive Feasibility Study (DFS) programs underway.
     Upside options being assessed, including higher throughput/shorter autoclave residence time, multiple parallel trains, mineralised neutraliser optimisation, and scandium production.
     Goongarrie reserve is less than 5 % of the total Kalgoorlie Nickel Project (KNP) resource, confirming the project’s potential scalability.
 
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