BUZZ-Australia's Ardea Resources rises to near 1-month high as project wins federal financial backing

Reuters04-09

** Shares of nickel resources firm Ardea Resources ARL.AX rise 6.4% to A$0.585, their highest level since March 13

** Company's Kalgoorlie nickel project selected for the Australian government's Investor Front Door (IFD) programme

** IFD provides Federal Government engagement to streamline multi‑agency approvals and improve regulatory certainty for selected projects

** Ardea stock down 2.5%, YTD

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.Shaikh@thomsonreuters.com;))

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