ADN 6.25% 1.7¢ andromeda metals limited

General comments/chat, page-32126

  1. 367 Posts.
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    I certainly hear what you are saying about the “non-definitive” status of the current Tiger resource data and thus its potential use (or otherwise) in the DFS.

    However, I am not certain whether the statement about the ambit of the mining lease is correct.

    Casting my eye back over the mining lease application it would appear per the extract below that the “Proposed Development Area” in the application covered tenement EL 6588 that includes the Tiger deposit:

    https://hotcopper.com.au/data/attachments/4199/4199223-0c9c8079bed790961e31d8d1c44582f1.jpg

    The incorporation of Tiger within EL 6588 was reiterated in today’s announcement:

    https://hotcopper.com.au/data/attachments/4199/4199225-4384363b948103124b03532ea32affc4.jpg

    Hence based on the above it seems reasonable to conclude that the Tiger deposit technically falls within the Proposed Development Area the subject of the granted mining lease (albeit I do not have access to that document itself or any of its conditions).

    By way of further interest ahead of the DFS I note the following additional extract from the mining lease application regarding the ore reserves:

    https://hotcopper.com.au/data/attachments/4199/4199230-1c5dae30ab753fa74a8dac2b806f25a1.jpg

    Anyway, most looking forward to all of our speculation about the DFS being laid to rest next week!

    The matters set out above represent my own commentary and please ensure you do your own research. Very best wishes to all.
 
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