Ardea Resources Limited (Ardea) has completed an independent Resource Statement for the cobalt-rich portions of the Kalgoorlie Nickel Project (KNP). The KNP Cobalt Zone is a key element of Ardea's IPO and listing on ASX, planned for February 2017. The new estimate for the KNP Cobalt Zone is 49.7 Mt at 0.12% cobalt and 0.86% nickel, occurring within three separate KNP centres. The global cobalt resource for the full KNP remains unchanged at 805 Mt at 0.05% cobalt and 0.7% nickel using a 0.5% Ni cut-off grade1. Ardea completed a review of the KNP in late 2016, concluding that the KNP as a whole comprises Australia's and the developed cobalt resource2. The KNP Cobalt Zone is located 50-150 km north and northeast of Kalgoorlie in Western Australia.