ADN 16.7% 0.7¢ andromeda metals limited

Ann: HPA Testing Confirms Premium Grade Feed Potential, page-2

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 15,831 Posts.
    lightbulb Created with Sketch. 216
    Summary
     Additional Third Round of HPA testing on Poochera halloysite‐kaolin has
    confirmed that 4N (99.99%) purity is achievable with only a single
    purification stage. This compares favourably to peer companies which
    require multiple purification stages to reach 4N purity.
     The result represents the potential to significantly reduce capital
    requirements and operating costs for any HPA processing plant.
     Achieving a 5N (99.999%) purity test result has proved to be impractical
    at this point in time due to equipment and laboratory limitations.
     Discussions are in progress with a Chinese company regarding the use of
    halloysite‐kaolin for HPA production in China.
     In addition to the HPA testing, ADN continues to advance the Poochera
    Halloysite‐Kaolin Project following the successful dry processing of a
    bulk sample in Australia.
     A shipment of 140 tonnes or raw ore has now arrived in China to be
    processed through a wet‐processing plant with results expected during
    March. Final processed product is then to be provided to potential end‐
    use ceramic customers for commercial evaluation.
     Scoping Study work is progressing with mine design and logistic studies
    well underway.
    Discussion
    Andromeda Metals (ASX: ADN) is pleased to announce the results of enhanced
    HPA metallurgical testing of Carey’s Well halloysite‐kaolin from the Poochera
    Project after the previous Second Round showed that 4N purity could be
    achieved with only one stage of purification.
    Round One preliminary testing carried out by Bureau Veritas, UniSA and the
    University of Newcastle achieved a purity of 99.9855% from an over‐refined
    sample where impurities had been introduced. An industry standard HCL
    (Hydrochloric Acid) two‐stage dissolution/precipitation purification process
    was used for this work (refer ADN ASX Release 30th May 2018).
 
watchlist Created with Sketch. Add ADN (ASX) to my watchlist
(20min delay)
Last
0.7¢
Change
0.001(16.7%)
Mkt cap ! $25.45M
Open High Low Value Volume
0.7¢ 0.7¢ 0.6¢ $4.903K 748.1K

Buyers (Bids)

No. Vol. Price($)
24 17955019 0.6¢
 

Sellers (Offers)

Price($) Vol. No.
0.7¢ 9103740 27
View Market Depth
Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
ADN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.