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Company News
Andromeda Metals Demonstrates Strong Economics Of HPA Process with New Scoping Study
Andromeda Metals (ASX: ADN) has demonstrated market-leading economics from a scoping study evaluating the use of its patented high purity alumina (HPA) process using kaolin feedstock from the Great White project in South Australia. The company commissioned the study after recent test work confirmed the low-carbon process could produce HPA to 99.9985% purity from Great […]
Andromeda Metals achieves breakthrough in lower-emission HPA production at Great White
South Australian minerals explorer Andromeda Metals (ASX: ADN) has unveiled a major breakthrough in the commercial production of critical mineral high purity alumina (HPA). Added to Australia’s critical minerals list in March 2022, HPA is a refined form of aluminium oxide with a purity level of 99.99% or higher, making it essential for various high-tech […]
Trigg Minerals shareholders vote in favour of Rush Resources and Drummond gold project acquisitions
Shareholders of Trigg Minerals (ASX: TMG) have approved the proposed acquisitions of Rush Resources and the advanced Drummond gold project in Queensland from Andromeda Metals (ASX: ADN). Trigg confirmed that more than 97% of votes were in favour of the transaction. Rush holds exclusive rights to purchase Drummond, which is located in the multi-million-ounce Drummond […]
Oar Resources restarts drilling at Gibraltar to expand on high-grade halloysite discovery
Oar Resources (ASX: OAR) has begun follow up and extensional aircore drilling at its Gibraltar halloysite-kaolin project, which is adjacent to Andromeda Metals’ (ASX: ADN) Mt Hope project in South Australia’s Eyre Peninsula. The company plans to complete 47-holes for 2,500m of drilling across a 400m-by-400m grid. Drilling will focus on an area 3.5km to […]
Andromeda Metals study improves economics of South Australia kaolin project
Andromeda Metals (ASX: ADN) has completed a pre-feasibility study on it Poochera halloysite-kaolin deposit in South Australia that shows further “substantial” improvement to the economics of the project. Inclusion of wet-processing has delivered the economics boost. The new figures represent a 35% increase from those produced in the scoping study in terms of net present […]
Andromeda Metals intersects significant kaolin at Mount Hope
Andromeda Metals (ASX: ADN) has unearthed “significant” intersections of white kaolin during air core drilling at its wholly-owned Mount Hope halloysite-kaolin project in South Australia. The now completed drilling campaign, which comprised 40 holes for 1,383m, was undertaken to follow up on the historic 12.26-million-tonne Mount Hope kaolin resource identified in 1973. According to the […]
Andromeda Metals posts ‘significant increase’ to Poochera kaolin resource
Andromeda Metals (ASX: ADN) has recorded a “significant increase” to its Poochera kaolin mineral resource, including an 80% rise in the resource’s measured category. The bright white kaolinised granite resource for the project’s primary Carey’s Well has now been upgraded by 28% to 26 million tonnes. Meanwhile, the insitu bright white kaolinised granite is expected […]
Andromeda Metals’ Poochera scoping study estimates potential $1.95b revenue
Andromeda Metals’ (ASX: ADN) has unveiled a scoping study for its Poochera halloysite-kaolin project in South Australia, with the study confirming the asset’s long 15-year potential and estimated revenue of $1.953 billion. The $1.953 billion is expected to be generated over the mine’s initial 15-year life with payback from the first stage operation expected in […]
Andromeda Metals proceeds to next stage of Evolution Mining joint venture over Drummond gold project
An earn-in and joint venture agreement between Andromeda Metals (ASX: ADN) and Evolution Mining (ASX: EVN) over the Drummond gold project in north Queensland will proceed to Stage 2 after Evolution confirmed it had met its initial exploration expenditure commitment. Under Stage 1 terms of the agreement signed in August 2018, Evolution was required to […]
Andromeda Metals unveils three more offtake LoIs for Poochera halloysite-kaolin ore
Andromeda Metals (ASX: ADN) has secured yet another suite of offtake letter of intent (LoI) agreements totalling 405,000 tonnes per annum for its proposed halloysite-kaolin material from the Poochera project in South Australia. Under a non-binding letter of intent, Longyan Kaolin China will take 200,000tpa of direct shipping ore halloysite-kaolin from Poochera for use in […]