Andromeda Metals Ltd (ASX:ADN) has been granted a trading halt by the ASX with an announcement pending related to a market update for the Great White Kaolin Project.
The halt will remain in place until the beginning of regular trade on Friday, June 11, or when an announcement is released to the market - whichever occurs earliest.
Research agricultural applications
Andromeda and partner Minotaur Exploration Ltd (ASX:MEP) are set to embark on a three-year, $2.4 million research project that evaluates how halloysite nanotubes could be used in fertiliser that better delivers nutrients to crops.
The industrial minerals company and fellow ASX-lister Minotaur will launch the program via their joint research venture, Natural Nanotech.
Soil scientists, agronomists and industry partners will all contribute to the study, which is set to kick off this month and was awarded a research grant from the Cooperative Research Centre for High-Performance Soils (Soil CRC), funded by the Australian Government.
Natural Nanotech’s upcoming program will utilise halloysite clay sourced from Andromeda and Minotaur’s Great White Kaolin Deposit in South Australia.