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Ardea Resources Ltd (ASX:ARL) told investors it had completed a transaction with a Japanese consortium to fund its Kalgoorlie Nickel Project (KNP) through a definitive feasibility study (DFS). The consortium – known as GH Nickel Pty Ltd – includes Sumitomo Metal Mining and Mitsubishi Corporation (through its subsidiary Mitsubishi Development Pty Ltd), and it has signed an agreement with Ardea and its subsidiary Kalgoorlie Nickel Pty Ltd (KNPL), which is managing the KNP project. According to the 50:50 joint venture arrangement, the DFS costs up to$98.5 million, allowing it to gain 35% ownershi…

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