Andromeda Metals' fundamental value lies in its key tenement holdings in a number of Australia's major mineral districts including the Olympic Copper Gold Province and the Central Gawler Craton in SA, the Drummond Basin in Qld, the Tennant Creek District in the NT and the Eastern Goldfields in WA


09 November 2017

Fully underwritten Rights Issue to raise $1.4 million

The Company has announced a fully underwritten 1 for 2 Rights Issue to raise a total of $1.4 million to be used predominanty to recommence exploration drilling at the Drummond Gold Project and potentially undertake exploration activities at the Mylo-Frontier Pilbara Gold Project following completion of due diligence


31 October 2017

$5 million Joint Venture to progress Wudinna Gold Project

Andromeda Metals has executed a binding Heads of Agreement with Lady Alice Mines to form the Wudinna Gold Farm-in and Joint Venture over the Company's 100% owned tenements on the Eyre Peninsula of South Australia


27 October 2017

Pilbara Gold Project acquisition and $2 million capital raise

Andromeda Metals has obtained an option to acquire a number of tenements in the gold prospective Pilbara region. In addition it has secured a fully underwritten capital raising of approximately $2M to evaluate the Pilbara ground in addition to advancing some of the Company's current projects


20 July 2017

ISR copper potential for Moonta Project

An innovative in-situ recovery (ISR) copper production concept for the Moonta Cooper Project is being evaluated by the Company with discussions with interested groups who possess ISR expertise and technical capacity currently underway


10 July 2017

High grade graphite discovered

A potentially significant graphite discovery has been made resulting from a recently completed aircore drill programme conducted at the Thurlga tenement on the Eyre Peninsula by joint ventue partner Investigator Resources Limited.


Overview

Andromeda Metals Limited is an Australian Securities Exchange listed company (code: ADN) focusing on mineral exploration for gold, lithium and copper deposits. Andromeda Metals currently has interests in 21 exploration licenses, covering 7,969 sq kms within South Australia, Queensland, Western Australia and the Northern Territory. Andromeda Metals’ vision is to be a sustainable minerals exploration company providing shareholders with risk managed discovery, development and mining opportunities.

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