I would be expecting numerous news worthy 'developments' for ADN within the next 6-12 weeks perhaps.......In fact Q3 looks likely to deliver a slew of significant announcements/information imo
These first four from 28th May ann:
1) Wet‐processing testing is in progress in China with
additional trials scheduled in
coming weeks.
2) Testing has
recently been completed in the United States with results to aid plant design configurations. Samples from this processing will be freighted back to Australia for analysis before a
final optimisation run is undertaken later in the month.
3) Chinese company expressed interest to
progress discussions with Andromeda for a premium kaolin product as well as
collaborating on potential HPA production in China.
4) Additional dry‐processing trials will be conducted
with another Chinese company during June to obtain further data for process plant design optimisations.
5) The drill program included testing of a number of nearby prospects in which historical drilling has reported grades of up to 85% halloysite. Elemental assay results from Bureau Veritas are
anticipated to be received in early June with halloysite results to be received from both CSIRO and the University of Newcastle
during the following quarter (from 30th May ann).
6) The expanded Scoping Study to consider both DSO and dry‐processing options for Carey’s Well ore is now anticipated to be released
during the next quarter" (28th May ann).
7) 29th April ann............."One potential Japanese customer also travelled to China for a meeting during the visit after obtaining positive results from laboratory scale testing of Carey’s Well ore in Japan. They have a
processing plant in Japan and a ceramics factory in China and
have now been sent larger samples to scale up their product and application testing".
8) Off take news probably likely to hit before years end also I would hazard. Maybe it we're lucky by end Q3 (that's pure speculation of course).
- All the while running along in the 'background' we have (from 16th May ann):
"The Global Innovative Center for Advanced Nanomaterials (GICAN) located at the University of Newcastle (NSW) is
currently producing some exciting research results using theCarey’s Well halloysite in battery technology development, water purification and carbon capture and storage. Each of these applications has the potential to present unlimited global development opportunities".
"Using the new company as an R&D vehicle will greatly assist the development of these new emerging high‐tech uses of the halloysite component of the Poochera kaolin resource,
thereby creating new product and market openings".
- And with the recent moves in gold it's worth noting (8th May ann):
".......an increased Mineral Resource for the Wudinna Gold Project located on the Eyre Peninsula in South Australia of 4.43 million tonnes at 1.5g/t gold for 211,000 ounces of gold is reported".........
"The resource update was completed by the Joint Venture operator Cobra Resources PLC. Subject to funding,
Cobra is planning to undertake an extensive exploration program at Baggy Green and other identified targets across the Wudinna Gold Project during the second half of 2019"........
Seems like the timing on further gold work by Cobra is on the money so to speak (as long as gold maintains or keeps running up of course but 'good' gold news is never a bad thing).
Last dot point on this slide..............
One last note on Halloysite-kaolin................."Global demand is increasing and Global production is decreasing"........."
Andromeda is well positioned to become one of the world’s leading producers of this mineral".
H2 this year is setting up to be a very interesting time for ADN, so many possibilities here.
Have a good weekend people.
(20min delay)
