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Andromeda Metals Ltd.

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Summary

Project:

Poochera

Deposit:Careys Well
Location:Australia
Commodities:Aluminium-Iron-Silica-Titanium
Date:8/22/2018
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Scoping Study
Report details:22-8-2018: Andromeda Metals Ltd. announces a Resource Estimation report for its Careys Well deposit at the Poochera project. Update mineral resource estimate at Careys Well to JORC 2012 compliance. Andromeda Metals Limited (ASX Code: ADN) is please
Resources:(Resource, Total): 12.7Mt @ 37% Al2O3, 0.56% Fe2O3, 47.5% SiO2, 0.45% TiO2
CP/QP:[Resources]: Simon Tear (H&S Consultants Pty Ltd.)
ABSTRACT:Andromeda Metals Limited (ASX Code: ADN) is pleased to report an updated Mineral Resource estimate reported in accordance with the 2012 JORC Code and Guidelines for the Carey’s Well kaolin deposit located on EL 5814 near Poochera on the west coast of South Australia’s Eyre Peninsula. The Carey’s Well kaolin resource is one of a number of kaolin (+halloysite) prospects which are included under a Joint Venture agreement in place with Minotaur Exploration Limited (ASX: MEP). This updated resource estimate, replaces previous estimates by Minotaur in 2009 and 2012 reported under the 2004 JORC Code. A summary of the new Mineral Resource is given below in Table 1, and a full report prepared by independent geological consultancy group H&S Consultants Pty Ltd is included as an Appendix to this release.

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