Ardea Resources Ltd








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Note on Purification and Zakat

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Ardea Resources Limited is an Australia-based minerals resources company. The Company’s principal activity is engaged in mineral exploration and development in Western Australia. It is focused on the development of the Kalgoorlie Nickel Project (KNP). The Company is also focused on the development of the Goongarrie Hub, which is part of the Kalgoorlie Nickel Project. The Goongarrie Hub is located approximately 70-kilometer northwest of the mining city of Kalgoorlie-Boulder. It is engaged in the Nickel sulphide and Critical Mineral exploration within KNP tenements for making discoveries. The nickel sulphide target at Kalpini, Emu Lake is located over 70 kilometers northeast of Kalgoorlie. Its landholding in the Eastern Goldfields of Western Australia (WA) covers over 4,200 square kilometers. The Company controls a prospective tenement portfolio that covers over 3,200 square kilometers in the Eastern Goldfields nickel-gold province.