The work on exploration relates to formally quantifying scale of resources and hence potential production growth. Very important if a takeover bid were to occur. Better than relying on exploration targets.
ADN have a significant collection of high-grade low impurity Halloysite assets. They are set to become a dominant supplier.
https://hotcopper.com.au/threads/an...lloysite-kaolin-monster.4909307/#.XboMtyXZXDs
It’s important they quantify the assets before decision to mine and approvals as it is after this point in time takeover bids may occur.
ADN Kaolin / Halloysite Resource Summary and Peer Data, page-12
Add ADN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.7¢ |
Change
0.002(13.3%) |
Mkt cap ! $52.87M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.7¢ | 1.6¢ | $51.60K | 3.261M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 2784466 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 2392758 | 8 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| ADN (ASX) Chart |