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 is an active exploration company with projects located in some of the most prospective geological terrains in Australia, including the Olympic Copper Gold Province in South Australia, the Drummond Basin in Queensland, the Tennant Creek District in the Northern Territory, the Central Gawler Gold Province in South Australia and the Eastern Goldfields district in Western Australia. The majority of its projects are wholly owned.
The Company has an established track record of mineral discovery and has found deposits covering a range of commodities including gold, copper-gold, mineral sands and iron ore during its history. Some of these discoveries have been greenfield finds while others have resulted through the recognition of significant opportunities left by previous explorers.
The Company focusses its exploration effort on the search for gold and copper deposits, and more recently has acquired tenements with potential to host lithium deposits.
The Company is an innovative explorer with a willingness to adopt new technologies and thinking in its bid to discover economic resources. Exemplary of this approach is the application of Field Portable X-Ray Fluorescence geochemistry, an exploration method that is delivering a new suite of drill targets in an extremely cost efficient manner.
Andromeda Metals holds 100% equity in 2 tenements in the Drummond Basin in Queensland. The Drummond Basin hosts a number of significant, high grade epithermal gold deposits, the most notable being the ~3 million ounce Pajingo Field
Andromeda Metals holds equity in 9 tenements covering 3,644 sq kms on the northern Eyre Peninsula in South Australia, the majority of which is 100% owned. The Company's ground holding hosts the Barns, Baggy Green and White Tank gold prospects
Andromeda Metals' 100% owned Moonta Copper Gold Project falls near the southern end of the Olympic Copper-Gold Province in South Australia which hosts a number of world class copper deposits including Olympic Dam
Andromeda Metals holds 100% equity in 2 tenements in the Rover Field located southwest of Tennant Creek in the Northern Territory. The Tennant Creek District has produced over 5.5 million ounces of gold and over 480,000 tonnes of copper
Buoyed by the predicted strong growth in the demand for lithium used in battery applications in the electric automotive and green energy storage markets, lithium is enjoying positive market sentiment. Adelaide Resources has embarked on an initiative to explore for lithium and has secured areas with hardrock potential as well as salt lakes which may host lithium in lake brines
7 hole diamond drilling program of 1,287 metres conducted at the Barns and Baggy Green Prospects on the Eyre Peninsula Gold Project during May/June 2015
8 hole RC drilling program of 1,618 metres conducted at the Alford West Prospect on the Moonta Copper Gold Project during March/April 2015
49 hole aircore drilling program of 3,838 metres conducted at the Alford West and Tomahawk Prospects on the Moonta Copper Gold Project during February/March 2015
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.