Back in January one of ADN's neighbours announced that they were divesting their Halloysite-Kaolin project (after spending a small fortune of shareholders money on drilling and surveying). If ADN acquire it at the right price it would be a perfect way for ADN to increase profitability, mine life and volume.
Considering drilling and surveys are already complete ADN's only cost would be the acquisition.
With the merger is over and the DFS out I wouldn't be surprised if ADN pick this up.
https://hotcopper.com.au/threads/ann-oar-exploration-update.6546227/
https://company-announcements.copyright link/asx/oar/b1c94f22-0aa9-11ec-bb32-12633425e3c4.pdf
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- Ann: Great White Kaolin Project - Definitive Feasibility Study
Ann: Great White Kaolin Project - Definitive Feasibility Study, page-285
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