ADN 0.00% 0.8¢ andromeda metals limited

Ann: Maiden Tiger Kaolin Resource & Rare Earth Element Potential, page-35

  1. 11,249 Posts.
    lightbulb Created with Sketch. 29637
    A factor in the commerciality of any REE operation that ADN may in the future implement at Tiger is that they should already have a commercial operation generating cashflow for Kaolin-Halloysite processing at Great White.

    That brings with it economies of scale in terms of administration and will be able to share elements of the mining fleet (which I understand is planned to be contract anyway) and processing. e.g. they could schedule a contract fleet to collect ore for the H-K operation at Great White and then schedule the same fleet for mining ore at Tiger. Obviously will take some time to get a deposit to appropriate resource maturity and complete scoping/feasibility studies and then modification to mining approval.

    I would think that subject to studies the initial processing of feed sourced from the REE deposit would be done with the same process plant for processing Great White Kaolin/Halloysite feed. Further processing of REEs would then be done elsewhere and I seem to recall that ADN were thinking that the HPA processing they are planning could also be adapted for processing REEs. I just don't have a reference for this handy. I couldn't see it in an announcement. It may have been mentioned in an interview???
 
watchlist Created with Sketch. Add ADN (ASX) to my watchlist
(20min delay)
Last
0.8¢
Change
0.000(0.00%)
Mkt cap ! $27.14M
Open High Low Value Volume
0.8¢ 0.9¢ 0.8¢ $10.93K 1.352M

Buyers (Bids)

No. Vol. Price($)
52 18550853 0.8¢
 

Sellers (Offers)

Price($) Vol. No.
0.9¢ 31466854 24
View Market Depth
Last trade - 16.10pm 06/09/2024 (20 minute delay) ?
ADN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.