Significant intersections of greater than 20 metres thickness of white kaolin has been intercepted during the recently completed aircore drilling program conducted at the Company's 100% owned Mount Hope Halloysite-Kaolin Project

Significant Kaolin Intersected at Mount Hope

Significant intersections of greater than 20 metres thickness of white kaolin has been intercepted during recent drilling at ADN's 100% owned Mount Hope Halloysite-Kaolin Project in South Australia.

An aircore drilling program comprising 40 holes for 1,383 metres was completed with the compelling intersections located within the southern zone of the drill target area which remains open to the south.

Drilling was undertaken to follow up on the historic Mount Hope kaolin resource of 12.26Mt originally identified in 1973. This mineral resource estimate was 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.

Technical work conducted by the South Australian Department of Mines and Energy recognised the existence of high value halloysite-kaolin material similar to that found at the Poochera Project.

ADN anticipates reporting a new Mineral Resource that is compliant with the 2012 JORC Code following receipt of final assay results expected within the next two months.

In addition, planning is now underway to undertake further drilling at the Condooringie Prospect (Poochera JV) to follow up on the high-grade halloysite zone identified and announced by the Company in March (refer ADN ASX announcement 16 March 2020 "High-Grade Halloysite Zone identified at Condooringie").

Work is continuing on the Poochera Project Pre-Feasibility Study which is planned for release in May.

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Significant Kaolin Intersected at Mount Hope
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