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- Andromeda Metals (ADN) has announced an updated mineral resource estimate for its joint venture Great White Kaolin Project in South Australia
- Great White now has a total resource of 34.6 million tonnes of bright white kaolinised granite, which represents a 33 per cent increase on its last estimate
- The new resource comes after Andromeda carried out a series of drilling programs at the project over the last year
- ADN will now use the total resource in its definitive feasibility study (DFS) and mining lease application for Great White
- Shares in the company are currently trading up 3.45 per cent at 30 cents each
Andromeda Metals (ADN) has announced an updated mineral resource estimate for its joint venture Great White Kaolin Project.
ADN owns a 75 per cent stake in the project, which is based in South Australia, with Minotaur Exploration owning the remaining stake.
Resource update
Following a series of drilling campaigns, Andromeda has upgraded the resource to 34.6 million tonnes of bright white kaolinised granite with an ISO Brightness cut-off of 75.
This new resource represents an increase of 8.6 million tonnes or a rise of 33 per cent over the previous resource estimate.
However, the material available for reserve estimation has reduced by 0.3 million tonnes —from 20.3 million tonnes down to 20 million tonnes — although ADN notes the overall grades have improved in this latest resource.
The upgraded resource is also capable of producing 17.4 million tonnes of minus 45-micron quality kaolin product.
Additionally, it contains two sub-domains, including a halloysite zone of 15.9 million tonnes and an ultra-bright high-purity kaolin zone of 1.2 million tonnes.
Next steps
Today’s updated resource comes after Andromeda and Minotaur carried out a series of drilling campaigns at Great White over the last year.
ADN is planning to use this new resource in its definitive feasibility study (DFS) and mining lease application for Great White.
The company has also flagged additional drilling at the South Australian project in the coming months, to better define the ultra-bright domain.
Shares in Andromeda Metals have jumped up 3.45 per cent following the announcement, trading at 30 cents each at 12:02 pm AEDT.
