New Exploration Licence application made over Mt Hope tenement in which previous historical exploration has identified a non-JORC 2012 resource of 12.26Mt high value halloysite-kaolin material comparable to Carey's Well ore at the Comapny's Poochera Project

Mt Hope Halloysite-Kaolin Exploration Licence application

Andromeda Metals' has applied for an exploration licence for 227 sqaure kilometres of land in the Mount Hope area, about 80 kilometres northwest of Port Lincoln in South Australia.

Previous exploration at Mt Hope in 1973 identified a historical kaolin resource of 12.26Mt, consisting of approximately 74% filler quality and 26% coating quality material. This mineral resource estimate is not reported in accordance with the JORC 2012 Code and investors are cautioned that the Company has not yet completed the work to verify the historical resource estimate.

Two Mining Leases were previously granted for this deposit and a 40 tonne sample was collected and shipped to Germany for testing.

Technical work conducted on samples taken from later RC drilling confirmed the existence of high value halloysite kaolin material equivalent to the Poochera Project Carey's Well deposit.

Previous companies were targeting paper grade kaolin at Mount Hope, but that is an application where halloysite is not desirable so the Exploration Licence and Mining Leases were dropped.

The market price for halloysite kaolin is growing due to closure of large production facilites in China by government environmental authorities.

Halloysite kaolin is now recognised as a high value form of kaolin and demand is growing.

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Mt Hope Halloysite-Kaolin Exploration Licence application
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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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