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<a href="https://smartkarma.com/entities/cardinal-resources-ltd">Cardinal Resources</a> was a single-asset gold development company whose primary value was derived from its 100%-owned Namdini Gold Project in Ghana, a large-scale, long-life asset.</li>
  <li>In 2020, the company became the subject of a prolonged and competitive bidding war, primarily between Russia's Nordgold and China's Shandong Gold, which significantly drove up its valuation and highlighted the strategic appeal of the Namdini project.</li>
  <li>The company was ultimately acquired by Shandong Gold Mining (HongKong) Co., Limited in a transaction that concluded in early 2021, leading to the delisting of <a href="https://smartkarma.com/entities/cardinal-resources-ltd">Cardinal Resources</a> from the ASX and TSX in February 2021.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  
Cardinal Resources was a single-asset gold development company whose primary value was derived from its 100%-owned Namdini Gold Project in Ghana, a large-scale, long-life asset.
  In 2020, the company became the subject of a prolonged and competitive bidding war, primarily between Russia's Nordgold and China's Shandong Gold, which significantly drove up its valuation and highlighted the strategic appeal of the Namdini project.
  The company was ultimately acquired by Shandong Gold Mining (HongKong) Co., Limited in a transaction that concluded in early 2021, leading to the delisting of Cardinal Resources from the ASX and TSX in February 2021.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Cardinal Resources (CDV AU) - Nov 2025

Australia

Cardinal Resources Limited operates as a mineral exploration and development company in Ghana, West Africa. The Company also develops multiple projects through expansion drilling programs, pre-feasibility studies, and metallurgical test work. Cardinal Resources serves customers in Australia, Canada, and West Africa.

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Cardinal Resources Ltd (CDV CN)

Primer: Cardinal Resources (CDV AU) - Nov 2025

Cardinal Resources was a single-asset gold development company whose primary value was derived from its 100%-owned Namdini Gold Project in...

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