ADN 5.88% 1.8¢ andromeda metals limited

I might be wrong but my interpretation of what James said was...

  1. 115 Posts.
    lightbulb Created with Sketch. 196
    I might be wrong but my interpretation of what James said was that the concrete additive was still kaolin/halloysite but it was from a different area from the JORC resource from which we will produce the CRM and PRM products.

    The reason for additional drilling to define a JORC resource is because its colour is less white - that is below the R75 brightness cut-off for the JORC resource - and so wasn't included in the JORC resource which is restricted to sufficiently bright / white kaolin/halloysite. It is likely to be adjoining the existing JORC resource area.

    James said that colour and contaminants doesn't matter for concrete, so this is why the HRM product would come from a lower brightness (less white) area of the GW deposit that is considered "waste" when looking at the characteristics of the kaolin/halloysite required for the CRM and PRM product.


 
watchlist Created with Sketch. Add ADN (ASX) to my watchlist
(20min delay)
Last
1.8¢
Change
0.001(5.88%)
Mkt cap ! $55.98M
Open High Low Value Volume
1.8¢ 1.8¢ 1.7¢ $43.28K 2.416M

Buyers (Bids)

No. Vol. Price($)
27 12704005 1.7¢
 

Sellers (Offers)

Price($) Vol. No.
1.8¢ 209543 1
View Market Depth
Last trade - 16.10pm 13/05/2024 (20 minute delay) ?
Last
1.8¢
  Change
0.001 ( 0.56 %)
Open High Low Volume
1.8¢ 1.8¢ 1.7¢ 824246
Last updated 15.56pm 13/05/2024 ?
ADN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.