The ADN update this morning is really good for OAR. OAR having a large tenement bordering ADN's Mt Hope should add value to the OAR story. Either via ADN wanting to expand their area or maybe even a 3rd party wishing to get into halloysite-kaolin business. The 3rd and most unlikely outcome is OAR develops the project themselves. ADN expect to announce a halloysite-kaolin JORC for Mt.Hope shortly and that will be able to better value OAR area.
ADN's MC is 75M where OAR's MC is 4M. OAR said recently they would be doing some development work on Mt.Hope with the recent CR funds. Hopefully we see OAR announcing it's own halloysite-kaolin update. This should be a positive for the SP.
GLTA
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