Company
Andromeda Metals Ltd
ASX:ADN
Andromeda Metals Ltd is a fast-growing South Australian company with the vision of becoming The Great White Mineral Company, with the ambition to lead the world in the sustainable supply of superior quality industrial minerals. The company's kaolin deposits contain naturally occurring blends of kaolinite plates and halloysite nanotubes, together with high-quality industrial sand.
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Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news.
Andromeda Metals signs fifth binding offtake agreement for halloysite-kaolin products
The company has put a great deal of investment and resource into its products, which require significant customer testing required for customer approvals and offtake agreements.
Andromeda Metals' new COO to focus on delivering Great White Kaolin Project
Joe Ranford will resign from his board position with ADN to focus solely on his COO duties.
Andromeda Metals pushes ahead on Great White Kaolin Project with procurement of long-lead-time items
The company plans to commission the starter plant for the Great White Kaolin Project late next year, with first sales anticipated in the first half of 2024.
Andromeda Metals advances Great White Kaolin Project with land acquisition and environmental protection submission
“The agreements and submission of the PEPR signify important milestones achieved in progressing the Great White Kaolin Project,” MD James Marsh said.
Andromeda Metals signs second offtake agreement in a week
This agreement with a multi-generational leading Japanese porcelain producer a yet another significant milestone for Andromeda and the Great White Kaolin Project," said Andromeda managing director James Marsh.
Andromeda Metals higher on inking key halloysite-kaolin offtake deal with Asia Minerals Resources
AMR identified Andromeda and its KCM™90 product with at least 28 years of supply potential, as a long-term partner to enable it to become the leading supplier of premium kaolin products in the ceramic sector.
Andromeda Metals confirms robust economics in DFS for "globally significant" Great White Kaolin Project
Testing to date has shown that the Ultra Bright Domain, which consists of extremely high purity kaolinite with ultra-high brightness and with low halloysite levels and extremely low iron oxide, is ideally suited to high-value markets in spe
Andromeda Metals brings new non-executive director on board
“Austen [Perrin] will bring significant financial experience, expertise and leadership to Andromeda with his skills and experience complementing the current board,” said the company chair.
Coffee with Samso: Andromeda Metals - an ASX kaolin giant in the making
Andromeda has gained confidence that the Great White Kaolin Project (GWKP) will be a global contributor of high-grade kaolin with the completion of a robust definitive feasibility study (DFS) and an updated ore reserve.
Andromeda Metals confirms robust economics in DFS for "globally significant" Great White Kaolin Project
“The completion of this stage in the development of the GWKP further advances Andromeda as a fast-growing South Australian company with a vision to lead the world in the sustainable supply of superior quality industrial minerals and advance
Andromeda Metals appoints highly experienced mining executive Mick Wilkes as independent non-executive chair
The company notes that Wilkes brings decades of international mining experience coupled with a successful track record of leading the development and operation of greenfield mines
Andromeda Metals delivers maiden kaolin resource for Tiger deposit and explores Great White’s rare earth potential
Great White’s deposits share several similarities with Chinese ion-adsorption deposits, which are the world’s primary source for heavy rare earth elements.
Andromeda Metals proceeds to compulsory acquisition of Minotaur Exploration
As a result of having a relevant interest of greater than 90% of Minotaur shares, the company has moved to compulsorily acquire any shares not accepted into its takeover offer.
Andromeda Metals executives join the Minotaur Exploration board
The move comes after Andromeda and Minotaur announced they would join forces to create an Australian kaolin/halloysite and technology company in November.
Andromeda Metals’ exploration partner identifies rare earths directly above gold mineralisation at Wudinna
The Wudinna Gold Project is subject to a farm-in joint venture agreement with Cobra Resources. Exploration of the Clarke prospect returned potentially economic levels of rare earth mineralisation hosted directly above previously defined gol
Andromeda Metals granted Mineral Lease and Licences in major milestone
“This really is a fantastic success for all Andromeda stakeholders and a crucial milestone in the evolution of the Company, it will allow us to progress with full confidence into a very exciting 2022 and become a sustainable, world-class pr
Coffee with Samso: Andromeda Metals - the real story
Andromeda Metals continues to make progress on a definitive feasibility study (DFS) for the Great White Kaolin Project in South Australia
Andromeda Metals executes MOU to collaborate on Cape Hardy port options
The company is in the process of developing its Great White Kaolin-Halloysite project near Poochera on the Eyre Peninsula and is progressing those plans through the use of existing ports in the region.
Andromeda brings together technical committee to steer R&D programs
Inaugural member of the Technical Advisory Committee, Dr Richard Flook, is expected to bring his extensive industry expertise to the table.
Andromeda Metals updates on Great White Kaolin Project DFS and new timetable
To optimise the multi-product DFS, further time is required to incorporate all of the advantages of 100% ownership and complete further scenario and optimisation analysis on product mix to ideally balance NPV, funding and risk.
Andromeda Metals and Minotaur Exploration merger to create leading Australian industrial minerals and technology company
In addition, Minotaur is to separately demerge its copper and gold assets into a subsidiary, Breakaway, which it intends to list on the ASX.
Andromeda Metals bolsters business development capabilities with chief commercial officer appointment as it transitions from explorer
“Tim brings a wealth of expertise and experience to the newly created chief commercial officer role at Andromeda. We are delighted to welcome him to the Andromeda team as we focus on preparing for the next stage of our operations and moving
Andromeda Metals kicks off bulk sample program targeting high-value products
Andromeda has begun a bulk sampling program for commercialisation efforts at Great White Kaolin Project. It has produced a large amount of ultrabright, high-purity Great White PRM™ product over 90% ISO powdered brightness at a pilot plant i
Andromeda Metals appoints mining lawyer Melissa Holzberger as non-executive director
The new non-executive director will lend her expertise on commercial, legal, governance and compliance matters as Andromeda transitions from explorer to producer.
Andromeda Metals progresses HPA strategy following positive testing of Great White halloysite-kaolin
The significantly low levels of specific impurities in Andromeda supplied feed indicates that about 3 tonnes of Great White Feed will produce about 1 tonne of 4N (99.99%) or better HPA (high purity alumina) whereas the normal ratio is about
Halloysite-kaolin: an emerging material with unique properties making it suitable for green-technology applications
Proactive investigates the new and exciting world of halloysite-kaolin, the little-known mineral with game-changing potential.
Andromeda Metals looks to enhance Eyre Peninsula kaolin position through new JV
It will have the opportunity to earn up to 80% interest in the joint venture tenements through the sole funding expenditure of $2.75 million over six years.
Andromeda Metals thanks executive director for his contribution to company
“Nick [Harding] has given distinguished service to the company for more than 11 years and his substantial contribution in guiding the company through some lean years and the significant transactions that have led to the company being where
Andromeda Metals raises $15 million in oversubscribed SPP to advance Great White Kaolin Project towards production
The SPP, together with a recent placement, has raised a total of $45 million and provides Andromeda with funds to continue development of the world-class joint venture project.
Andromeda Metals files patent for conversion of halloysite-kaolin into nanomaterials
The patent covers the conversion process for halloysite and halloysite-kaolin into advanced, functionalised carbon nanomaterials.
Andromeda Metals raises $30 million in heavily supported placement and launches $15 million SPP
The placement, together with the SPP, will provide Andromeda with funds to meet its share of long lead time processing plant equipment purchases for the Great White Kaolin Project.
Andomeda Metals is in a trading halt with capital raising news pending
Securities will remain halted until Thursday, July 1 or when an announcement is released to the market.
Andromeda Metals adopts diversified product strategy on fast-track to Great White Kaolin Project operations
Diversifying in a high-quality product suite confirms the quality of the Great White Kaolin Project and reduces risk.
Andromeda Metals jumps on inking key five-year offtake agreement with global customer for Great White kaolin
Andromeda shares were as much as 28% higher to 27.5 cents after the ASX-lister secured a five-year kaolin offtake agreement with global customer, Jiangsu Mineral Sources International Trading Co Ltd.
Andromeda Metals in trading halt ahead of Great White Kaolin Project market update
Securities will remain halted until Friday, June 11, or when an announcement is released to the market.
Andromeda Metals and partner Minotaur to research agricultural applications for halloysite nanotubes
A new research program, using material from Andromeda’s kaolin project in South Australia, could create a new kind of fertiliser that boosts crop productivity.
Andromeda Metals strengthens financial capabilities by appointing experienced chief financial officer
Zannes has an extensive background in managing operational and corporate finance functions within resource companies in Australia and internationally.
Andromeda Metals higher on signing high purity alumina MoU with AEM Technologies
The MoU will explore a joint technical and commercial development under which ADN can access AEM’s patented process to construct a facility to produce high purity alumina using ADN kaolin.
Andromeda Metals begins Great White kaolin drill program targeting Ultra Bright Domain
Drilling will provide additional material for testing and assist in better defining and potentially extending mineralisation to the north of the deposit.
Rare earths & specialist minerals
Andromeda Metals and Minotaur in A$4 million research project with University of Newcastle to study CO2 capture using halloysite nanotubes
The research will investigate the conversion of halloysite nanotubes into advanced nanomaterials that can be utilised as novel adsorbent systems.
Andromeda Metals research JV shows halloysite-derived carbon nanomaterials have strong adsorption potential and recyclability for carbon capture and conversion
Natural Nanotech is working with the University of Newcastle’s Global Innovative Centre for Advanced Nanomaterials on high-tech applications for halloysite, natural clay nanotubes, from the Great White Kaolin joint venture’s high-grade hall
Andromeda Metals signs first binding Great White Project offtake with Japanese porcelain manufacturer for premium-grade kaolin
The Great White Kaolin Project remains on track for the commencement of open pit mining in February 2022.
Andromeda Metals halted with update pending for Great White Kaolin Project
The company has started drilling at the Mount Hope Project with the aim of infilling the southern half of the project’s resource, which is the thicker and higher quality portion of the deposit.