https://www.australianmining.com.au...stings/?utm_source=dlvr.it&utm_medium=twitter
(
May 23, 2017)
"One company that successfully listed on the ASX in February was Ardea Resources, which is led by managing director Matt Painter.
Ardea, a spin-out of Heron Resources, is focused on developing the cobalt potential at its 100 per cent owned Kalgoorlie Nickel Project (KNP) in Western Australia, as well as the Lewis Ponds zinc-gold project in New South Wales.
KNP is regarded as the largest cobalt resource documented for an ASX-listed Australian mineral explorer. And with cobalt becoming one of the world’s most sought-after commodities it made Ardea the type of company that could effectively seek a listing in the current environment.
Painter told
Australian Mining the emergence of tech-metals, such as lithium, cobalt and vanadium, was driving the next breed of companies seeking to list on the ASX."
“There has been a realisation in the marketplace that the battery-related metals are going to be vitally important and there is going to be a shortfall of them,” Painter said
“Certainty we have seen that with lithium already, we have seen it to an extent with graphite, we are starting to see it with cobalt now.”
Data on the ASX at the end of first quarter 2017 shows this assessment is spot on. Amongst the companies that listed during this period were lithium hopefuls MetalsTech, Lithium Consolidated Mineral Exploration, Matador Mining and Marquee Resources
Joining Ardea as a company that listed with plans to develop cobalt prosects was Cobalt Blue Holdings.
“With the focus on these metals it has become quite clear that places like Western Australia have an endowment of most of the minerals,” Painter continued.
