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Andromeda Metals Ltd.

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Summary

Project:

Poochera

Deposit:Careys Well
Location:Australia
Commodities:Halloysite
Date:12/23/2019
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Pre-Feasibility Study
Report details:23-12-2019: Andromeda Metals Ltd. announces a Resource Estimation report for its Careys Well deposit at the Poochera project. Updated mineral resource estimate at Carey's Well deposit. Andromeda Metals Limited (ASX: ADN, Andromeda, the Company) is pleased
Resources:
CP/QP:[Resources]: Simon Tear (H&S Consultants Pty Ltd.)
ABSTRACT:Andromeda Metals Limited (ASX: ADN, Andromeda, the Company) is pleased to report an updated Mineral Resource estimate reported in accordance with the 2012 JORC Code 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 Mineral Resource is one of a number of kaolin (kaolinite and halloysite) prospects which are included under a Joint Venture agreement in place with Minotaur Exploration Limited (ASX: MEP). This updated Mineral Resource estimate replaces previous estimates by Minotaur in 2009 and 2012 reported under the 2004 JORC Code as well as estimates reported by Andromeda in 2018 and 2019 under the 2012 JORC Code & Guidelines (refer ADN ASX announcements dated 22 August 2018 and 12 February 2019). A summary of the new Mineral Resource is given below in Table 1, and a summary report prepared by independent geological consultancy group H&S Consultants Pty Ltd is included as an Appendix to this release.

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