How are ADN misleading the market?
HPA is a clear part of ADN's strategy, except they will only tackle the active development of it (formal feasibility stages) once they have achieved strong revenue and cashflow from the Halloysite/Kaolin operation.
They have already done multiple rounds of test work to evaluate the resource from the perspective of HPA.
They have stated they are looking at a collaborative approach.
From the annual report
( 1 November 2019, https://www.asx.com.au/asxpdf/20191101/pdf/44b5pjmnznb7bl.pdf )
From the latest investor presentation
(9 October 2019, https://www.asx.com.au/asxpdf/20191009/pdf/449bcwl4mzfpck.pdf )
ADN unquestionably have the highest grade and lowest impurity Kaolin/Halloysite resource in the country when compared with peers based on JORC Resources. They have a good opportunity to evaluate the development of HPA with a simplified flowsheet. They have already done the test work that shows this:
https://www.asx.com.au/asxpdf/20180829/pdf/43xt3jlll05cfb.pdf
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $41.96M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.0¢ | $125.6K | 11.43M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 535267 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 5926630 | 11 |
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| Last trade - 15.48pm 21/07/2025 (20 minute delay) ? |
| ADN (ASX) Chart |