ADN 9.52% 1.9¢ andromeda metals limited

prefer that they didn't issue the lot, less dilution and less...

  1. 411 Posts.
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    prefer that they didn't issue the lot, less dilution and less discounted shares on issue (although the discount is tiny anyway).

    What's key is that we are now fully funded for the below:

    Development and finalisation of PFS at Poochera (key milestone, date for completion listed as 2nd qtr 2020)
    Upgrade of JORC at Careys Well (where current SS is developed for)Drilling at Camel Lake (where they have >90% halloysite in the ground)Drilling at Mouth Hope (similar halloysite-kaolin mix as Careys Well)
    Upgrading historic resource estimate at Mount Hope to JORC level (This will have a direct feed into the PFS as we essentially grow the SS figures massively with 2 source locations for feed)
    Continued research into HPA applications (self-explanatory)
    Advance LOIs to binding offtake agreements (travel, marketing, lawyers etc. I imagine)

    IMO ADN will be digging up kaolin at Poochera by late 2020 with binding agreements in place and the dry-processing plant will be stood up sooner than expected,
 
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