Ardea Resources Ltd. · ASX:ARL
Ardea Resources — Diggers & Dealers Mining Forum 2026
24 slides from Ardea Resources's conference presentation, Aug 3, 2026
Slide 1: KNP: A Generational Critical Minerals Asset
(ASX: ARL) 3 - 5 August 2026 KNP: A Generational Critical Minerals Asset Diggers & Dealers Mining Forum Securing the Future of Global Nickel Supply
Slide 2: Disclaimer
Disclaimer Important notice This presentation contains general information only and is, or is based upon, information which has been released to ASX: Kalgoorlie Nickel Project Mineral Resource Estimate Exceeds 6 Million Tonne Contained Nickel (30 June 2023), KNP Goongarrie Hub Ore Reserve and Feasib
Slide 3: Australia's Largest Nickel-Cobalt Resource
Australia's Largest Nickel-Cobalt Resource KNP Mineral Resource Estimate 854Mt at 0.71% Ni & 0.045% Co for 6.1Mt contained Ni and 386kt contained Co1 Goongarrie Hub: 584Mt at 0.69% Ni & 0.043% Co for 4Mt contained Ni & 250kt contained Co1 KNP Kalpini Hub (100% ARL): 270Mt at 0.76% Ni & 0.05% C
Slide 4: Critical Minerals Project of International Significance
Critical Minerals Project of International Significance Positioned to support secure and diversified critical minerals supply chains Strategic ex-Indonesia nickel-cobalt Australia's Largest Ni- One of the Largest in supply for allied markets Co Resource3 the Developed World Backed by Japanese pa
Slide 5: Highly Experienced International Partners
Highly Experienced International Partners Japanese partners validate Goongarrie Hub and fully fund the DFS with $98.5 million budget 400+ years mining history Global industrial and financing capability Proven laterite / HPAL operator Long history operating in Australia Downstream nickel pr
Slide 6: Multi-Jurisdiction Government Support
Multi-Jurisdiction Government Support Western Australia Australia Japan United States Lead Agency Status1 Major Project Status2 METI & JOGMEC US EXIM Support4 Strong Local Government Investor Front Door3 Support56 Japan-US Critical support: EFA Support4 Australia-Japan Critical Min
Slide 7: 2026 Strategic & Development Milestones
2026 Strategic & Development Milestones 2026 milestones have materially strengthened Goongarrie Hub’s pathway to development through increased strategic recognition, government facilitation and funding support. 1 2 3 4 5 Feb 2026 Mar 2026 Apr 2026 May 2026 Jun 2026 Strategic recognition EFA / EXIM
Slide 8: Pathway to Development – Funding Support up to A$1B
Pathway to Development – Funding Support up to A$1B Ardea has secured co-ordinated, conditional non-binding support from Export Finance Australia (EFA) and the Export-Import Bank of the United States (EXIM) for the Goongarrie Hub project1 3. EXIM Support 4. Co-ordinated 1. Strategic Critical 2. EFA
Slide 9: +40 year project, significant growth potential
+40 year project, significant growth potential Nationally strategic KNP Goongarrie Hub to strengthen battery minerals supply chain for decades 2023 PFS1 Average 30ktpa Ni and 2ktpa Co2 +40 years forecast operation Growth opportunities Only 6 of 9 deposits, hosting ~76% of the Goongarrie Hub Ni
Slide 10: DFS Progressing with Pre-FEED enhancements
DFS Progressing with Pre-FEED enhancements $98.5M DFS remains fully funded by SMM / Mitsubishi1 Resource modelling, mine planning and Ore Reserve updates Major workstreams advanced1 Process design and MSP flowsheet optimisation Updated timetable reflects completion of optimisation, engineering
Slide 11: Multi-commodity exploration potential
Multi-commodity exploration potential Ardea controls ~3,200km2 of tenure in the Eastern Goldfields of WA with unrivalled exploration potential1 Kalpini Project: Emu Lake Ni Sulphide2 Additional precious and critical minerals upside: Gold, scandium and rare earth element (REE) potential identifie
Slide 12: Indonesia Driving Change in Global Nickel Markets
Indonesia Driving Change in Global Nickel Markets1 Supply discipline and market rebalancing support a stronger long-term outlook for nickel and strategic Western supply projects. Structural Supply Discipline Lower ore quotas and tighter oversight signal a long-term shift toward active supply managem
Slide 13: Mineral global comparison: Australia versus Indonesia
Mineral global comparison: Australia versus Indonesia Market share – Nickel1 Market share – Cobalt1 70% 60% 9% 50% 40% 7% 30% 5% 20% 10% 3% 0% 1% 2019 2020 2021 2022 2023 2024 Indonesia Indonesia Australia Australia 1. Source: Steven Brown, Minerals Council of Australia. 13
Slide 14: Why we need the KNP – Goongarrie Hub to be developed
Why we need the KNP – Goongarrie Hub to be developed 2013 – 2025 Value of nickel exports (US$b)1 Australia has lost its dominant position $10 Billions $9 $8 $7 $6 $5 $4 Indonesia $3 $2 Australia $1 $- Q113 Q313 Q114 Q314 Q115 Q315 Q116 Q316 Q117 Q317 Q118 Q318 Q119 Q319 Q120 Q320 Q121 Q321 Q122 Q322
Slide 15: Investment Case – Why Ardea?
Investment Case – Why Ardea? Strategic project with Recognised across Australian, Australia’s largest nickel- Japanese partners and 75% WA, Japanese and US critical cobalt resource offtake secured minerals frameworks 100%-owned exploration & Potential funding support DFS progressing with update deve
Slide 16: Contact
Contact: Andrew Penkethman Managing Director & CEO ardea@ardearesources.com.au ARL:ASX Suite 2, 45 Ord Street West Perth WA 6005 David Tasker . Chapter One Advisors Ph: +61 8 6244 5136 dtasker@chapteroneadvisors.com.au www.ardearesources.com.au 16
Slide 17: Appendices
Appendices PSY Ardea Resources Limited 17
Slide 18: Ardea Resources Board and Management
Ardea Resources Board and Management A highly skilled Board and Senior Management team with experience across the resources sector Mathew Andrew Maree Michael Longworth Penkethman Arnason Rodriguez Non-Executive Managing Director & Non-Executive Executive Director Chairman Chief Executive Officer Di
Slide 19: Ardea Resources – Corporate Snapshot
Ardea Resources – Corporate Snapshot Experienced Leadership. Respected Partners. Supportive Shareholders & Stakeholders. Tight Capital Structure. 219,714,106 Top 40 Shareholders Cash Shares on Issue ~62% equity $18.3M2 4,500,000 Performance Rights Board & Management No Debt 3,000,000 Options ~7% equ
Slide 20: Appendix 1 - Competent Persons
Appendix 1 - Competent Persons Information in this presentation has been summarised from ARL ASX MRE Ardea wishes to clarify that its current Kalgoorlie Nickel Project (KNP) Mineral Resource Estimate (MRE) Announcement 30 June 2023, ARL ASX PFS Announcement 5 July 2023 and ARL following JORC Code (2
Slide 21: Appendix - Competent Persons cont.
Appendix 1 - Competent Persons cont. Ore Reserves KNP Goongarrie Hub Ore Reserve Summary Information in this presentation that relates to Ore Reserves at the Kalgoorlie Nickel Project Goongarrie Hub is based on and fairly represents information Contained Contained and supporting documentation compil
Slide 22: KNP Global MRE
KNP Global MRE The Competent Persons (CP) for the Mineral Resources, are KNP Global nickel and cobalt Mineral Resources based on a 0.5% Ni cut-off grade Mr Ian Buchhorn and Mr Andrew Penkethman, both are full-time employees of Ardea and consider the resource classification Contained Contained applie
Slide 23: Goongarrie Hub MRE
Goongarrie Hub MRE KNP Goongarrie Hub nickel and cobalt Mineral Resources1 based on a 0.5% Ni cut-off grade The Competent Persons (CP) for the Mineral Resources, are Resource Size Ni Co Contained Metal Estimation Details Mr Ian Buchhorn and Mr Andrew Penkethman, both are full- Prospect time employee
Slide 24: KNP Goongarrie Hub Ore Reserve Summary
KNP Goongarrie Hub Ore Reserve Summary Ore >= 0.5% Ni Ore > 0.25% Ni and LOI > 25% Total Ore KNP Goongarrie Hub Ore Reserve Summary Ni Co Ni Co Ni Co Ni Co Ni Co Ni Co consisting of ore above 0.5% Ni as the feed stock Deposit Mt % % kt kt Mt % % kt kt Mt % % kt kt for the processing facility, and or
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