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Kalgoorlie nickel project Goongarrie Hub, Australia

11th August 2023

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Kalgoorlie nickel project (KNP) Goongarrie Hub.

Location
City of Kalgoorlie-Boulder, Australia.

Project Owner/s
Ardea Resources.

Project Description
KNP has an ore reserve of 194.1-million tonnes at 0.70% nickel and 0.05% cobalt for 1.36-million tonnes of contained nickel and 99 000 t of contained cobalt.

The July 2023 prefeasibility study envisages the use of conventional low-cost openpit mining methods, with mine optimisation studies projecting production of about 30 000 t/y of nickel and 2 000 t/y of cobalt for more than 40 years.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project generates a pretax net present value, at a 7% discount rate, of A$7.63-billion and an internal rate of return of 30%, with a payback of 3.1 years.

Capital Expenditure
A$3.12-billion.

Planned Start/End Date
The project execution phase is tentatively targeted for the third quarter of 2025, allowing for production by early 2028.

Latest Developments
Ardea is progressing with the definitive feasibility study, which is expected to take 12 to 15 months to complete, and is scheduled for the first quarter of 2025.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Ardea Resources, tel +61 8 6244 5136 or email ardea@ardearesources.com.au.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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