Ardea Resources Limited (ASX:ARL)

Developing Australia’s Premier Nickel-Cobalt Project

About Us

Ardea Resources Limited is focused on developing its 100%-owned Kalgoorlie Nickel Project, aiming to supply high-quality nickel and cobalt to meet increasing global demand for sustainable technologies.

Company Overview

Ardea Resources Limited, headquartered in West Perth, Australia, is a leading critical minerals company dedicated to the responsible development of mineral resources essential for sustainable technologies. The company's flagship asset, the Kalgoorlie Nickel Project (KNP), is situated approximately 80 kilometers north of Kalgoorlie in Western Australia and encompasses the Goongarrie Hub, a globally significant series of nickel-cobalt and critical mineral deposits. ​

The KNP has been recognized for its national and strategic importance, having been awarded Major Project Status by the Australian Federal Government. This acknowledgment underscores Ardea's pivotal role in contributing to the Australian economy and the Eastern Goldfields region's development.

Board & Management

Mathew Longworth

Mathew Longworth

Non-Executive Chair

Mathew Longworth is a geologist with 33 years’ experience across exploration, project evaluation/development, operations and corporate management. He previously held roles as Exploration Manager, COO and CEO/Managing Director with Australian listed companies, and mining analyst with a boutique investment fund. In his senior corporate roles, he led multidisciplinary project evaluation and development teams.

He has invaluable experience on the key Ardea exploration and development projects, being the KNP nickel-cobalt-scandium deposits and Bardoc Tectonic Zone gold.

Mr Longworth is a member of the Australasian Institute of Mining and Metallurgy.

Andrew Penkethman

Andrew Penkethman

Managing Director and Chief Executive Officer

Andrew Penkethman is a resources sector executive and geologist with over 28 years’ experience in the resources industry. His technical skills include project evaluation, early stage and near mine exploration, resource development, feasibility study management, permitting, stakeholder engagement and mine development across open pit and underground operations within Australia and overseas. Commodities experience includes gold, base metals, battery minerals and energy commodities over a range of geological settings. Mr Penkethman’s technical expertise is complimented by over 15 years in executive roles with a strong corporate focus including strategic partner processes, joint venture management, financial modelling, and project acquisition and divestment. Mr Penkethman has ASX, AIM and TSX equity markets experience.

Mr Penkethman holds a Bachelor of Science degree from the University of Wollongong, is a Fellow of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists.

Ian Buchhorn

Ian Buchhorn

Executive Director

Ian Buchhorn is a mineral economist and geologist with over 40 years’ experience. Prior to listing Heron in 1996 as founding Managing Director, Mr Buchhorn worked with Anglo American Corporation in southern Africa, and Comalco, Shell/Billiton and Elders Resources in Australia, variously as a corporate and research geologist, as well as setting up and managing Australia’s first specialist mining grade control consultancy. Mr Buchhorn has lived and worked in the Eastern Goldfields for over 20 years undertaking exploration, project evaluation and development. He has operated as a Registered Mine Manager in the Kalgoorlie Goldfields.

Maree Arnason

Maree Arnason

Non-Executive Director

Maree Arnason has over 35 years’ experience across the natural resources, energy and manufacturing sectors with companies including BHP, Carter Holt Harvey, Svenska Cellulosa AB and Wesfarmers. She has worked across commodities including copper, gold, iron ore, timber, coal, mineral sands, nickel, and natural gas and gained expertise in strategy, sustainability, risk, corporate affairs, stakeholder relations, transformations, divestments and integrations.

Ms Arnason is a NED of ASX-listed Gold Road Resources and Chairs their Risk and ESG Board Committee, a NED of ASX-listed VHM Limited and a Co-founder and Director of Energy Access Services, which operates an independent Western Australian-focused digital trading platform for wholesale gas buyers and sellers. Ms Arnason serves on the Board of the Australian Institute of Company Directors (AICD), as a WA Division Director, is a member of their National Corporate Governance Committee and is a WA Division Councillor.

With a significant record of serving on Not-for-Profit Boards, Ms Arnason recently retired as Chair of Juniper, one of Western Australia’s largest aged care community benefit organisations and finished her term on the Australian Securities and Investment Commission’s Corporate Governance Consultative Panel.

Ms Arnason holds a Bachelor of Arts from Deakin University and is a Fellow of the Australian Institute of Company Directors (FAICD).

Michael Rodriguez

Michael Rodriguez

Executive Director

Michael Rodriguez is a qualified metallurgist with over 30 years’ experience in the design, construction, commissioning and operation of complex hydrometallurgical and pyrometallurgical operations in Australia, Europe, North and South America. This includes the successful optimisation of Murrin Murrin, Australia’s largest and longest-running nickel laterite high pressure acid leach (HPAL) operations producing refined nickel-cobalt.

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