Article

Ardea Resources has received conditional letters of support for up to A$1 billion from Export Finance Australia (EFA) and the US EXIM Bank for its Goongarrie Hub project. This funding includes A$500 million from EFA and US$350 million from US EXIM, aimed at developing the nickel-cobalt project.

The project is strategically important for battery and EV supply chains. A Definitive Feasibility Study (DFS) is on track for completion in the first half of 2026, with a total nickel-cobalt resource of 854 million tonnes.