Ann: New Mineral Resource for Mount Hope Kaolin Project, page-3

Summary
▪ An updated Mineral Resource Estimate reported in accordance with the
2012 JORC Code and Guidelines has been completed for the 100%
owned Mount Hope kaolin deposit in South Australia.
▪ An Inferred Resource of 18.0Mt of Bright White kaolinised granite is
estimated using an ISO Brightness R457 cut-off of 75 for minus 45 micron
kaolin product, which represents an approximate 47% increase on the
previous non-JORC resource.
▪ The 18.0Mt of in-situ Bright White kaolinised granite yields 7.5 Mt of
minus 45 micron quality kaolin product.
▪ The resource contains two sub-domains consisting of Ultra-Bright highpurity kaolin (1.6Mt) and high halloysite-kaolin (0.6Mt).
▪ The high-purity domain shows exceptionally low iron contaminant
within the bright white kaolin with halloysite levels ideally suited to
some high-value markets in specialist coatings and polymers, which
opens up a new and potentially significant market opportunity for ADN.
▪ The remainder of the Mt Hope deposit is very similar to the Great White
halloysite-kaolin Resource near Poochera, and perfectly suited for the
high-quality porcelain ceramics market.
▪ Recent drilling undertaken in March 2020 has determined that the
resource remains open to the south and southwest.
▪ Resource modelling is in progress for the Hammerhead Prospect at the
Great White Kaolin Project with results expected to be announced in the
next few months.
▪ Steady progress is being made with the Definitive Feasibility Study and
Mining Lease application process for the Great White Kaolin Project.