Opening salvo?, page-4

@bottle - its not the most impressive announcement and doesn't seem to really have a 'purpose'.

The parts that stuck out to me are - Minotaur looks forward to publication of the DFS as its opening to assess value apportionment to Minotaur shareholders.

The rest of it reads to me like "ADN is doing a great job of progressing all the projects, IP, and sales. They are working hard; and we are getting a free ride. Will try to sell our share soon"

IMO


The Great White Joint Venture (GW JV) between Minotaur Exploration (25%) and Andromeda Metals (ASX: ADN,
75%) is clearly benefitting from advancement of a strategy to develop opportunities conjunctive to its primary
objective of implementing a high-quality kaolin-halloysite mineral processing and marketing operation.
Andromeda (as manager of the joint venture) is finalising a definitive feasibility (DFS) study into the kaolin mine
operation for delivery in Q4 of 2021. Minotaur looks forward to publication of the DFS as its opening to assess value
apportionment to Minotaur shareholders.
Meanwhile, Andromeda is pursing parallel initiatives into innovative uses of kaolin as a concrete modifying
admixture and as a high purity alumina (HPA) pre-cursor. Progress on these fronts was thoroughly reported in
Andromeda’s ASX release dated 22 September 20211
. Minotaur commends Andromeda’s progress in these respects
as future commercial outcomes could support the proposed mine development near Streaky Bay,
South Australia.
Development of complementary intellectual property (IP) around the well-defined Great White mineral resource
confers a valuable advantage on the project, and the GW JV participants as owners of that IP, having emanated from
research into and characterisation of the mineral resource itself. In time, commercialisation of the IP could result
in alternative markets and revenue streams attributable to the GW JV owners and is thereby a practically focussed
research effort.