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#ASX Announcements
Added 2 weeks ago

Drilling underway at the Great White Deposit

Summary

  • A 2,300 metre aircore drilling program has commenced at the Great White Deposit, located on the Eyre Peninsula of South Australia.
  • The drilling will focus on the high purity kaolin (non-halloysite type) Ultra Bright Domain of the Great White Deposit which has shown exceptional results for coating and polymer applications.
  • Drilling will provide additional material for testing, and better define and potentially extend mineralisation to the north of the deposit.
  • Drilling will also follow up on a newly identified zone of ultra-high bright, high grade halloysite located immediately south of the proposed Great White Pit.

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#ASX Announcements
Added 2 weeks ago

Natural Nanotech Formalises Major Research Project with University of Newcastle

Summary

  • Andromeda Metals and Minotaur Exploration, the joint owners of Natural Nanotech Pty Ltd, have signed a $4 million research partnership with the University of Newcastle’s Global Innovative Centre for Advanced Nanomaterials (GICAN) to fund research into carbon dioxide capture through the use of halloysite nanotubes.
  • The research will investigate the conversion of halloysite nanotubes into advanced nanomaterials that can be utilised as novel adsorbent systems and catalysts for CO2 capture and conversion processes.
  • Further details may be found at: newcastle.edu.au/newsroom/featured/4-million-partnership-carbon
  • Refer ADN ASX announcement dated 12 April 2021 titled “Carbon Capture Utilising Halloysite-Derived Adsorbent Nanomaterials” for additional discussion on carbon capture application for halloysite nanomaterials.

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#ASX Announcements
Added a month ago

Carbon Capture Utilising Halloysite-Derived Adsorbent Nanomaterials

Summary

  • Testing of halloysite-derived carbon nanomaterials is showing excellent adsorption potential and recyclability for carbon capture and conversion purposes.
  • Over 1.1 tonnes CO2 capture per tonne adsorbent now demonstrated.
  • Commercialisation grant application submitted for upscaled pilot plant facility to demonstrate commercial pathway.
  • Successful ARC Linkage Grant outcome for R&D project utilising halloysite-derived nanomaterials for effective removal of microplastics from water.

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#ASX Announcements
Added 2 months ago

First Customer Binding Offtake Signed for Great White Project

Summary

  • Legally binding offtake agreement signed with Japanese customer. The agreement is for 5,000tpa of a premium ceramic grade product priced at A$700t.
  • Conrad Partners are now directly engaging with high end ceramic users and distributors in China, to sign binding offtake agreements for Great White Kaolin material following COVID related disruptions.
  • Additional samples have been evaluated in Europe, the Middle East and other parts of Asia with potential offtake partners to further de-risk the Project.
  • Six tonnes of commercially representative product to be known as Great White CRM, has been provided to potential customers for testing.
  • Steady progressis being made with the Definitive Feasibility Study (DFS) which is scheduled for completion during the second quarter of 2021. The DFS focus will be on production for the global ceramic market with a number of configuration options currently being evaluated.
  • The Great White Project Mining Proposal was submitted on 25th February 2021 and the South Australian Government has confirmed that it satisfies the minimum requirements as set out in the Terms of Reference. A six week public consultation and assessment process will shortly commence.
  • Origin Capital is providing advice in consideration of financing options for the joint venture partners in support of a Bankable Feasibility Study.
  • Financing proposals will enable a Decision to Mine and Final Investment Decision by the joint venture partners, anticipated in the fourth quarter of 2021.
  • Separately to the ceramics DFS, the Company is undertaking two feasibility studies into the addition of a concrete rheology product and a paint and coating product from material sourced from different parts of the Great White Mineral Resource.

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#ASX Announcements
Added 2 months ago

REQUEST FOR TRADING HALT –ANDROMEDA METALS LIMITED (ASX : ADN)

In accordance with ASX Listing Rule 17.1, we request an immediate trading halt in the Company’s securities pending a market update for the Great White Kaolin Project.

The Company requests that the trading halt end on the earlier of the commencement of normal trading on Thursday 18 March 2021, or when the anticipated announcement referred to above is released to the market.

The Company is not aware of any reason why the trading halt should not be granted, nor of any other information necessary to inform the market about the trading halt.

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#ASX Announcements
Added 2 months ago

Drilling underway at Mount Hope Kaolin Project

Summary

  • An aircore drilling program commenced this week at Andromeda Metals 100 % owned Mount Hope Kaolin Project.
  • The program’s key objective is to infill drill the southern half of the Mount Hope Resource which is the thicker and higherquality portion of the deposit.
  • Results from the drilling program will be incorporated in a new Mount Hope Mineral Resource Estimate, and dependent on results, upgrade the selected potion of the Resource from an inferred to an indicated classification.
  • The program will also include drilling to test for extension of the mineralisation to the south.

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##Opportunity
Added 3 months ago

Andromeda Metals (ASX: ADN) is advancing the Great White Kaolin Project in SA – the company remains on track for completion of the DFS in Q2 2021 and commencement of operations in February 2022.

???? Full video detailing the project and Andromeda's community contribution: https://bit.ly/383R5re

 

This stock is worth following closely as on a good DFS which i am expecting I think the ADN stock price could be 0.50c +

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#ASX Announcements
Added 3 months ago

Mining Lease Application Submitted for Great White Kaolin Project

Summary

  • The Mining Lease Application for the Great White Kaolin Project has been lodged with the South Australian Department for Energy and Mining.
  • Lodgement of the Application represents the achievement of a significant milestone for the Project.
  • The Application is supported by extensive stakeholder engagement and comprehensive studies undertaken by independent experts over the past 18 months.
  • The Great White Kaolin Project remains on schedule with the Definitive Feasibility Study on track for completion in the second quarter of 2021 and for the commencement of operations in February 2022.
  • A decision on the Application from the Minister for Energy and Mining is anticipated to be received later in the year.

 

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#ASX Announcements
Added 4 months ago

Great White Kaolin Project Advances Towards Mining Approval and Operations

Summary

  • Great White Kaolin Project declared a New Mine for royalty determination purposes under section 17A of the Mining Act 1971 with a consequent reduced state royalty rate of 2% to apply on minerals produced to 30 June 2026
  • Mining Lease Application submission is on schedule to be submitted in February 2021.
  • Definitive Feasibility Study (DFS) progressing steadily with various options being evaluated that will maximise returns with minimal risks.
  • Origin Capital Group appointed to assist with Bankable Feasibility Study (BFS) corporate finance considerations.
  • Meetings with identified customers in progress to formalise offtake agreements.
  • Progress made at the Camel Lake high-purity halloysite prospect with an initial site inspection of targeted areas conducted with traditional owners and anthropologist.
  • Halloysite nanotechnology funding efforts doubled to include eighteen research areas to be undertaken by the University of Newcastle’s Global Innovative Center for Advanced Nanomaterials (GICAN) through Natural Nanotech Pty Ltd, a jointly owned entity with Minotaur Exploration.
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#ASX Announcements
Added 5 months ago

Significant high-grade gold intercepted at Wudinna Gold Project

Summary

  • Initial resultsreceived from joint venture partner Cobra Resources’ 2020 RC drilling program has returned a significant gold intercept of 31 metres at 3.06 g/t gold from 69 metres, including 15 metres at 5.35 g/t gold from 83 metres, at the Clarke prospect located 1.75 km north of the Baggy Green gold deposit.
  • The substantial intersection is north of mineralisation previously intersected at Clarke and represents a high priority target for a future joint venture drilling program.
  • A total of 41 RC holes for 6,090 metres were drilled from September across several drill prospects of the Wudinna Gold Project, with 80% of the assay results still awaited.
  • Final results from this program should add support to Cobra’s stated aspirational aim to build on the current Mineral Resource of 211,000 ounces towards an initial target of 1 million ounces of gold resource across the Project area.
  • Cobra has provided notice to ADN that they have now met the Stage 1 expenditure commitment which will provide them with a 50% equity interest in the Wudinna Gold Project once confirmed.
  • ADN is encouraged by this early exploration success by Cobra at Wudinna while the Company’s focus remains directed towards completion of the Mining Lease submission and Definitive Feasibility Study for the Great White Kaolin Project.

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#ASX Announcements
Added 5 months ago

REQUEST FOR TRADING HALT – ANDROMEDA METALS LIMITED (ASX : ADN)

In accordance with ASX Listing Rule 17.1, we request an immediate trading halt in the Company’s securities pending an announcement of exploration results from the Company’s Eyre Peninsula Gold Project joint venture with Cobra Resources PLC.

The Company requests that the trading halt end on the earlier of the commencement of normal trading on Tuesday 8 December 2020, or when the anticipated announcement referred to above is released to the market.

The Company is not aware of any reason why the trading halt should not be granted, nor of any other information necessary to inform the market about the trading halt.

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#ASX Announcements
Added 6 months ago

2020 ANNUAL GENERAL MEETING - CHAIRMAN'S ADDRESS

Good Afternoon Ladies and Gentlemen,

Before beginning the formal part of the meeting let me reflect on the message from thistime last year. I highlighted the growth in the Company over the preceding 18 months from the signing of the JV agreement with Minotaur in April 2018, to the important appointment of James Marsh as Managing Director, the estimation of a JORC 2012 resource at the majority owned, Great White deposit to the completion of the Scoping Study.

With this Andromeda grew from a tenacious explorer with a market capitalisation at best around $5M to a reputable market capitalisation of just under $100M.

Over the past year we have cemented our strategy to be ‘everything Halloysite’, advanced the Great White Deposit through pre-feasibility, completed resources at the Hammerhead Deposit and the 100% owned Mt Hope Project, expanding our market reach across the world and into different products, as well as continuing our research support into the nanotechnology industry with 50% owned Natural Nanotech and collaboration with the University of Newcastle’s Global Innovative Centre for Advanced Nanomaterials.

With this growth over the past 12 months and shareholder value the Company pushed well through the $500M market capitalisation level.

I don’t want to steal James’s thunder, the influencer of the Australian Kaolin industry, someone who has ably kept you up to speed on the progress of the Company with his regular presentations, so I will leave the detail review to James. However, I do want to touch on the next 12-or so months as the joint venture fast tracks towards commencement of mining at the Great White Deposit, pending approvals.

Andromeda is setting to transition from an explorer to a miner, to underpin the expectations of the Board and the Market alike; to achieve this we will employ a significant workforce to undertake the mining as well as develop the systems to support them. We intend to continue to work with our JV partner to derisk the existing Great White prefeasibility study to a bankable level feasibility study level and engage with additional independent experts to ensure the funding of the project aligns with our anticipated mining start date in early 2022. In addition we will continue to look for further growth opportunities and novel uses for our unique high purity clay materials, both domestically and internationally, into mature and innovative markets.

This past 12 months has only been possible with three main elements;

1 - world class deposits which we continue to grow and first class regulatory standards and improved assessments here in South Australia;

2 – an incentivised, experienced and respected Andromeda team. The outstanding successes of this year on top of the previous year are a product of the collective efforts of the Andromeda team including supportive families, a team of expert consultants and advisors and our JV partner; and

3 – a supportive engaged shareholder base, helping to encourage the management team and independently promote the company.

The successes of the past years have set a very strong platform for Andromeda to continue growing and – in the very capable hands of James and his team – we are all fully committed to the task.

Shareholders – we have another very exciting year ahead of us, and I look forward to ongoing success in 2021.

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#ASX Announcements
Added 6 months ago

Updated Mineral Resource for the Great White Kaolin JV Deposit

Summary

  • An updated Mineral Resource Estimate for the Great White Kaolin Deposit, which incorporates the latest drill results and reported in accordance with the 2012 JORC Code and Guidelines, has been completed.
  • A total Resource of 34.6Mt of Bright White kaolinised granite is now estimated for Great White using an ISO Brightness (R457) cut-off of 75 for minus 45 micron kaolin product, which represents an increase of 8.6Mt or 33% over the previous Resource Estimate.
  • The 34.6Mt of in-situ Bright White kaolinised granite yields 17.4Mt of minus 45 micron quality kaolin product. ? The Resource contains two sub-domains consisting of a halloysite zone (15.9Mt) and an Ultra Bright high-purity kaolin zone (1.2Mt).
  • The high-purity Ultra Bright domain shows exceptionally low iron contaminant making it ideally suited to high-value markets in specialist coatings and polymers.
  • The Updated Resource will be used in the completion of the Definitive Feasibility Study and Mining Lease application.

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#Bear Case
Added 6 months ago

I would be careful with valuing this stock. 

I haven't read in depth yet, so am initially just giving a high level perspective. Dyor.

This comment focuses on using the kaolin, better known as clay, as a filler in various materials or as a template to generate carbon based materials. I agree that the use of these materials can greatly improve the performance when blended with other materials such as rubber or plastics. There is much research that demonstrates this as a general concept. This is actually quite a widely adopted approach, e.g incorporating carbon or clay in plastics to improve the mechanical or other properties.

The issue in terms of a business case is that in most composites, the filler material only makes up maybe 1% or less of the final product, so not much is needed. This means that only 10 kg or less is required for a ton of composite.

A question that also arises is does the ADN clay have a particular competitive advantage? They have demonstrated some nice nanostructures, but is this really any better than the multitude of other materials that are available to be used as fillers, which also in some cases have impressive nanostructures. Maybe or maybe not. This is really to be proved and then also whether this has a performance benefit of commercial significance.

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#ASX Announcements
stale
Added 6 months ago

Positive Results from Concrete and Coatings Application Testing

Summary


Halloysite-Kaolin Testing for Concrete Applications

 

  • Testing of Great White Project halloysite-kaolin across a number of concrete application mix designs continues to deliver positive results.
  • Early results are consistent with those recorded for the Hammerhead deposit which could allow supply to the concrete market on mining commencing at Great White.
  • Clear strength gains were found in Self Consolidating Concrete.
  • Long term concrete slump properties were maintained with halloysite-kaolin addition.
  • Australian Concrete Standards Certification due in late November.
  • Halloysite-kaolin performed very well against the 32MPa concrete control displaying desirable properties in "slab on ground" applications.
  • Concrete strength results were typically about 1.5MPa higher at 28 days, even with higher water content in the mix designs.
  • Halloysite-kaolin addition in concrete gave a very significant reduction in bleed.
  • Investigations into the halloysite content vs. performance benefits are in progress.


High-Purity Kaolin Testing for Coating and Polymer Applications

 

  • Ultra-high purity kaolin (non-halloysite type) from Great White and Mount Hope has shown exceptional results for coating and polymer applications.
  • Results from both deposits are of the highest quality, with brightness properties superior to market leading products which are currently sold for A$1,000/t (i).
  • The Great White material was sourced from within and extensional to the existing mine design area and representative of the average purity.
  • Samples are now being tested as feed for High Purity Alumina production due to the incredibly low level of impurities.
  • Material from both deposits has been refined to commercial standard and can be used for customer approvals.

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#ASX Announcements
stale
Added 7 months ago

Andromeda Metals Limited (ASX Code: ADN, Andromeda, the Company) is pleased to announce that the Company has appointed Taylor Collison Limited as its corporate advisor to assist with a range of corporate initiatives as the Company advances the Great White Kaolin Project through completion of final feasibility studies, obtaining off-take agreements, implementation of project finance and construction of the Project.

The Company has elected to appoint Taylor Collison based on its significant M&A and ECM corporate advisory experience, its expertise in the natural resources space, its presence in South Australia, and close working history with the Company.

Managing Director James Marsh stated, “We are very pleased to be working with Taylor Collison during this next exciting phase of the Company’s evolution. Taylor Collison is a leading Australian financial services firm and, having its history firmly based in South Australia, is well-aligned to Andromeda’s South Australian focus.”

Chairman Rhod Grivas added, “We are delighted to have Taylor Collison supporting the Company and this appointment extends our collaboration with them at a significant point in Andromeda’s journey as we progress towards production.”

Taylor Collison is a leading non-bank financial services firm providing a suite of services across equity capital markets (for corporate, institutional and retail clients) and corporate transactions. It has extensive corporate advisory expertise across various sectors in the areas of mergers, acquisitions, asset and business sales, joint ventures and partnerships. It has relevant experience in the natural resources sector, having led capital raisings for companies such as Rox Resources, Mithril Resources, Chesser Resources and Egan Street Resources (where it also advised on the recent acquisition by Silver Lake Resources).

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## Low capex with big revenue
stale
Added 8 months ago

This link is to a Hot Copper post, a research summary by an Andromeda shareholder who is an engineer and has been analysing the company for two years.  He is in regular contact with the MD and in general, his analysis and numbers are quite good.

https://hotcopper.com.au/threads/adn-pre-dfs-target-of-0-26-to-0-35.5626079/?post_id=47366876#.X2EeuyUmLDs

 

This link is to the Webinar presentation delivered by James Marsh last Friday.  He speaks very quickly and has a Welsh accent, but he knew he had to deliver a lot of information in a short time-frame.  It is well worth listening a couple of times to understand what he is saying about the Hammerhead Kaolin project and its potential in the concrete industry.  I have spoken with building industry people and the improvement of the kaolin additive is significant and hence the cost of the additional input would be insignificant compared to the cost savings and strength benefits.  At $4000 per tonne, this would be a very lucrative market to supply from Hammerhead, which has 18m tonne resource and several decades worth of supply.

https://www.sharecafe.com.au/2020/09/14/andromeda-metals-hidden-gems-webinar-presentation/

 

 

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#ASX Announcements
stale
Added 8 months ago

Drilling underway at Wudinna Gold Project

Summary

  •  Wudinna Gold Project joint venture partner Cobra Resources PLC has commenced a substantial RC drilling program to be conducted across a number of identified prospects within the Project.
  • A total of up 45 holes for 6,750 metres of drilling is targeted with the primary objective to define the orientation and extensions of mineralisation at various targeted areas prospective for gold.
  • Cobra’s stated aspirational aim is to build on the current Mineral Resource of 211,000 ounces towards an initial target of 1 million ounces of gold resource across the Project area.
  • Completion of this exploration fieldwork will result in Cobra earning a 50% equity interest in the Wudinna Gold Project.
  • ADN is encouraged by this significant exploration program being undertaken by its joint venture partner at Wudinna while the Company’s focus is directed towards completion of the Definitive Feasibility Study and Mining Lease submission for the Great White Kaolin Project which is making steady progress.

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#ASX Announcements
stale
Added 8 months ago

New Mineral Resource Estimate for Hammerhead Halloysite-Kaolin Deposit

Summary

  • The inaugural Mineral Resource Estimate reported in accordance with the 2012 JORC Code and Guidelines has been completed for the Hammerhead Kaolin Deposit in South Australia.
  • An Inferred Resource of 51.5Mt of Bright White kaolinised granite is estimated using an ISO Brightness R457 cut-off of 75 yielding 27.1Mt of minus 45-micron quality kaolin product.
  • The Resource contains a sub-domain consisting of high halloysite-kaolin totalling 4.7Mt.
  • The Hammerhead Deposit is very similar to the Great White Deposit and perfectly suited for the high-quality porcelain ceramics market.
  • Recent drilling undertaken in May 2020 has determined that the resource remains open to the east, south and northwest.
  • Concrete application testing of Hammerhead halloysite-kaolin is continuing to deliver strong positive results. A 100kg sample of Hammerhead product is being prepared for a full-scale underground mine shotcrete trial.
  • Concrete application testing is also to be undertaken on material representing a sizable high halloysite sub domain of the Great White Deposit.
  • Steady progress continues to be made with the Definitive Feasibility Study and Mining Lease application process for the Great White Kaolin Project.

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#Bull Case
stale
Added 8 months ago

Adn receiving a lot of volume. 

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#ASX Announcements
stale
Added 8 months ago

Hammerhead Drill Results and Potential Construction Product Application

  • Analyses of samples collected from aircore drilling undertaken at the Hammerhead Prospect has defined an extensive area of Bright White kaolin (>75 ISO Brightness) with a minimum thickness of 10 metres extending over an area of 2.4 kms by 0.5 kms.
  • XRD test results received to date have confirmed zones of high-grade (+20%) halloysite-kaolin within the Bright White domain.
  • A Mineral Eesource Estimate will be prepared for the Hammerhead Prospect on receipt of final XRD analyses.
  • Samples from the high grade halloysite zone at Hammerhead are giving excellent results in concrete application testing.
  • A bulk sample (two tonnes) has been collected from Hammerhead for future test work.
  • Samples of product from the Great White Deposit are also showing excellent test results for mine backfill applications.

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#Maiden Ore Reserve for Carey's
stale
Last edited 10 months ago

Summary

* A maiden Ore Reserve Estimate of 12.5Mt of bright white kaolinised granite containing 52% of material in the minus 45 micron fraction has been determined for the Carey’s Well Deposit located within the Poochera Halloysite-Kaolin Project in South Australia.

* The Ore Reserve Estimate, which comprises 15% halloysite and 78% kaolinite in the minus 45 micron fraction, is classified in the Probable category.

* The Ore Reserve supports a 26 year mine life at a mining rate of 500,000 tonnes per annum as reported in the recently announced Pre-Feasibility Study.

* Focus is now heavily directed towards completion of the Definitive Feasibility Study and the Mining Lease application process with site mining activities targeted for early 2022.

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