Andromeda Metals starts aircore program at Mt Hope Kaolin Project
Results from the drilling program will be incorporated in a new resource estimate to upgrade the selected portion of the resource from inferred to indicated classification.
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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Results from the drilling program will be incorporated in a new resource estimate to upgrade the selected portion of the resource from inferred to indicated classification.
Lodgement of the applications with the South Australian Government represents a milestone for the company which is focused on the commencement of operations in February 2022.
In the first Coffee with Samso interview with the company in late 2019 the stock was just A$0.04 and today Andromeda is A$0.32 with a market cap of A$635 million.
The Great White Kaolin Project covers two main geographic areas of interest, both situated in the western province of South Australia and around 635 kilometres west by road from Adelaide and 130 kilometres south-east from Ceduna.
Results from this program will add support towards the intended initial target of 1 million ounces of gold resource across the project area.
The company has established a firm foundation to transition to a producer at its South Australian halloysite-kaolin deposits, underpinning expectations of the board and the market alike.
The company has established a firm foundation to transition to a producer at its South Australian halloysite-kaolin deposits, underpinning expectations of the board and the market alike.
The updated resource will be used in the completion of the definitive feasibility study and mining lease application.
The company aims to become a leading supplier of high-grade halloysite-kaolin and is focused on bringing the world-class Great White Kaolin Project in South Australia into production in early 2022.
Andromeda has appointed Taylor Collison based on its expertise in the natural resources space, its presence in South Australia and close working history with the company.
The JV is working with the University of Newcastle’s Global Innovation Centre for Advanced Nanomaterials towards commercial solutions for high-tech applications, based on material sourced from high-grade halloysite-kaolin deposits in South
The company is encouraged by the significant drilling program at the Wudinna Gold Project while focus is directed towards the Great White Kaolin Project which is making steady progress.
Andromeda is encouraged by this significant program by its joint venture partner while the company’s focus is directed towards the Great White Kaolin Project which is making steady progress.
The Hammerhead Deposit is very similar to the Great White Deposit and perfectly suited for the high-quality porcelain ceramics market.
The company's primary area of focus is the Great White Kaolin Project on Eyre Peninsula, which comprises four tenements and is around 635 kilometres west by road from Adelaide and 130 kilometres southeast from Ceduna.
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Rooster Talk’s Margaret River Series marks the second anniversary of Samso and in this episode the focus is on Andromeda Metals and its kaolin-halloysite assets.
Commercial quantities of refined product have been produced in Japan with further testing to be conducted in China and Australia prior to final distribution to potential ceramic customers.
A section of the deposit is of extremely high purity within the bright white kaolin with low halloysite levels ideally suited to high-value markets in specialist coatings and polymers, presenting a new market for the company to pursue.
Mount Hope represents an opportunity for market diversification and de-risking of the business in addition to adding value to the company as a whole.
Carey’s Well deposit hosts a 12.5-million-tonne reserve of bright white kaolinised granite in the probable category.