Ardea Resources Secures A$1 Billion in Conditional Funding for Goongarrie Hub from EFA and US EXIM
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.
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Ardea Resources has secured conditional funding support of up to A$1 billion from Export Finance Australia (EFA) and the US EXIM Bank for its Goongarrie Hub nickel-cobalt project. The funding includes A$500 million from EFA and US$350 million from US EXIM, coordinated under the Single Point of Entry for Critical Minerals framework.
The Goongarrie Hub targets significant resources of nickel and cobalt, with the DFS scheduled for completion in the first half of 2026. The total resource comprises 854 million tonnes, with the project considered vital for global battery and EV supply chains. The funding remains conditional on eligibility criteria and due diligence.
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