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Andromeda Metals Ltd.
Summary
| Project: | Poochera | |
|---|---|---|
| Deposit: | Carey's Well | |
| Location: | Australia | |
| Commodities: | Halloysite-Kaolinite | |
| Date: | 7/10/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 10-7-2020: Andromeda Metals Ltd. announces a Resource Estimation report for its Carey's Well deposit at the Poochera project. Initial Ore Reserve Estimate for Carey's Well. Andromeda Metals Limited (ASX: ADN, Andromeda, the Company) is pleased to announce | |
| Resources: | (Reserces, P+P): 12.5Mt @ 15% Halloysite, 78% Kaolinite | |
| CP/QP: | [Reserve] Paul Griffin (MinEcoTech Pty Ltd.) | |
| ABSTRACT: | Andromeda Metals Limited (ASX: ADN, Andromeda, the Company) is pleased to announce a maiden Ore Reserve Estimate for the Carey’s Well Deposit at the Poochera Halloysite-Kaolin Project. An Ore Reserve Estimate of 12.5Mt classified in the Probable category under the 2012 JORC Code has been estimated based upon the recently completed Pre-Feasibility Study (PFS) prepared by the Company and announced on 1 June 2020. The Ore Reserve Estimate is underpinned by the Mineral Resource Estimate released to the market on 23 December 2019. Information to support the Ore Reserve Estimate is provided below: 1. Project Location The Poochera Halloysite-Kaolin Project covers two main geographic areas of interest, both situated in the western province of South Australia. The current main area of focus is the Carey’s Well Deposit, which is located near Poochera on the western part of the Eyre Peninsula of South Australia approximately 635 kms west by road from Adelaide and 130 kms south-east from Ceduna, and which was the subject of the PFS. | |
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