Ann: Video Interview with Managing Director, page-18

Fascinating interview and the accompanying text was also useful so well done ADN ..

This is building into something special that's for sure.. there's an indication that both Mt Hope and previously unreported at Great White is a very high purity kaolinite that flips the whole script as well .. perhaps even a game changer because it adds a 'in ground' product that purity wise after processing would not be able to be replicated .. this is exciting because it takes ADN up the value chain even without HPA

Furthermore and previously un reported the introduction of another new product, PW50 from existing Halloysite / Kaolinite resource which although a much lower grade in terms of sand content and therefore price (would still be higher than DSO), it presents a higher margin opportunity due to its lower cost of production so it will be very interesting to see how this new product evolves

Also mentioned was the potential to go straight to processing .. more to come on this obviously

Indicative timeframe now of Feb 22 for production makes sense and if that is the case, most details would be well concluded in the CY2021

DFS by Dec 2020 which could also see some significant change to the plan .. to the upside but also on balance, to the Capex timeframe as they may bring processing forward

$3.4 M cash at hand, as predicted and another ~ $5M to land so plenty of coin

Good stuff ADN