Company
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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“The agreements and submission of the PEPR signify important milestones achieved in progressing the Great White Kaolin Project,” MD James Marsh said.
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.
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.
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
“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.
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.
“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
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
Great White’s deposits share several similarities with Chinese ion-adsorption deposits, which are the world’s primary source for heavy rare earth elements.
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.
The move comes after Andromeda and Minotaur announced they would join forces to create an Australian kaolin/halloysite and technology company in November.
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
“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
Andromeda Metals continues to make progress on a definitive feasibility study (DFS) for the Great White Kaolin Project in South Australia
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.
Inaugural member of the Technical Advisory Committee, Dr Richard Flook, is expected to bring his extensive industry expertise to the table.
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.
In addition, Minotaur is to separately demerge its copper and gold assets into a subsidiary, Breakaway, which it intends to list on the ASX.
“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 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
