EFA and US EXIM Letters of Funding Support

• EFA and EXIM provide non-binding and conditional support of up to AUD 1 billion for the Goongarrie Hub project
• Support reflects the project's strategic importance for critical mineral supply chains
• Collaboration under the Single Point of Entry for Critical Minerals to streamline referrals and enable coordinated agency support

Ardea Resources Limited (ASX: ARL) has announced that its subsidiary project joint venture vehicle, Kalgoorlie Nickel Pty Ltd (KNPL), has received non-binding and conditional Letters of Support and Interest from Export Finance Australia (EFA) and the Export-Import Bank of the United States (EXIM) respectively for potential project financing of the Goongarrie Hub Project in Western Australia. EFA has provided a non-binding and conditional Letter of Support indicating potential support of up to AUD 500 million, while EXIM has provided a Letter of Interest indicating the potential for support of up to USD 350 million. The support reflects the strategic importance of the Goongarrie Hub, a globally significant nickel-cobalt resource, in developing global critical mineral supply chains, particularly for the battery, energy storage and electric vehicle sectors. The non-binding and conditional support has been facilitated through the Single Point of Entry for Critical Minerals, which has been established by EFA and EXIM to streamline referrals and enable coordinated agency support for eligible Critical Mineral transactions.

The non-binding and conditional support from EFA and EXIM is for up to AUD 1 billion (equivalent) for the development of the Goongarrie Hub Project.