Articles On Andromeda Metals (ASX:ADN)

Aussie shares fell to their lowest in a week as a Covid-fuelled slowdown in major trading partner China compounded weak leads from the US. The S&P/ASX 200 fell 1.2 per cent before more than halving its fall to 38 points or 0.5 per ce...

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has followed the lead of US markets and dropped into the red. At the time of writing, the benchmark index is down 0.7% to 7,474.9 points. Four ASX shares that are falling more than m...

Andromeda Metals (ADN) completes definitive feasibility study (DFS) for its Great White kaolin project in South Australia Results from the DFS include high margin cashflows, with pre-tax net present value of $613 million, with an internal...

The share market suffered its biggest setback in almost a month as the prospect of tighter monetary policy on both sides of the Pacific brought out sellers. The S&P/ASX 200 slid 50 points or 0.66 per cent by mid-session. Today’s retr...

Andromeda Metals (ADN) completes the compulsory acquisition of fellow ASX-listed Minotaur Exploration (MEP) The deal was first announced in November with the aim to grant Andromeda full control of the Great White kaolin project and the 50/...

Gold price to hit $US2,200 as stagflation fears take hold U.S. and allies officially prohibit all transactions with Russia involving gold, one of its financial lifelines. Will it work? Gold price rebounds over past week to $US1,960/oz Our...

Pinnacle Minerals debuted yesterday after a $4.5m IPO at 20c a share Lifted 1c or 5% to 21c to end its first trading day on the ASX ahead Executive director Robert Hodby says demand for kaolin is growing from the paper and ceramics industr...

Andromeda Metals releases an inaugural mineral resource estimate (MRE) for the Tiger kaolin deposit within its Great White project in South Australia of 12.1 million tonnes (Mt) of bright white kaolinised granite The MRE is based on analys...

Exciting new entrant, Pinnacle is listing on Wednesday and the ambitious WA digger has its sights on more than just the $8 billion kaolin game. The company holds the Bobalong and Holly projects in WA and expects to secure the tenement appli...

Major economic headlines last week Last week the one-for-all-for-one All-Ordinaries index rose by 3.2% after a 0.8% fall the week before. In Hong Kong, Chinese stocks, which crashed dead Monday, rallied hard Wednesday after some awfully rea...

War gossip/news remains the main driver of gold prices. The precious metal is having one of those volatile weeks where unless they timed their entry and exit perfectly, investors probably had a tough time whether long or short, says OANDA s...

A good week for gold, which is up 1.04% to ~$US1,940/oz at time of writing. History shows us war doesn’t usually trigger an extended rally, but news flow – or lack thereof – coming out of Ukraine continues to be the biggest influence on the...

As a result of having a relevant interest of greater than 90% of Minotaur shares, the company has moved to compulsorily acquire any shares not accepted into its takeover offer.

Investors generally buy gold as a way of diversifying risk when s..t hits the proverbial fan. That’s why the precious metal appears to perform well in times of war or political instability. Conversely, stocks and bonds perform best in a sta...

The move comes after Andromeda and Minotaur announced they would join forces to create an Australian kaolin/halloysite and technology company in November.

Rare earth mineralisation encountered directly above gold mineralisation at Andromeda Metals’ (ADN) Clarke prospect within the Wudinna gold project on the Eyre Peninsula in South Australia Andromeda receives results from potential joint ve...

The Wudinna Gold Project is subject to a farm-in joint venture agreement with Cobra Resources. Exploration of the Clarke prospect returned potentially economic levels of rare earth mineralisation hosted directly above previously defined gol...

Alas. After teasing gold bugs with a push through $1,840/oz over the past week, we are now back below ~$US1,800/oz. Gold stocks can’t seem to catch a break. What gives? I don’t get it. PM miners didn’t even get the windfall of the market w...

Key points The Andromeda share price surged 13.95% today Andromeda’s takeover offer for Minotaur was “overwhelmingly” accepted Only a few conditions remain before takeover at the end of January The Andromeda Metals Ltd (ASX: ADN) share...

Key points Investors have responded well to Minotaur’s quarterly cash flow and activities update for the period ended 31 December 2021 Minotaur’s cash position took a backward step at the end of December, resulting in a 46% decline in cas...

Global silver demand hit ~1.02 billion ounces in 2021, the first time it has breached 1 billion since 2015, according to the Silver Institute. Of that, industrial demand hit a new high of 524 million ounces. And of that, photovoltaic (solar...

Shares in industrial minerals company Andromeda Metals Ltd (ASX: ADN) are surging 18% higher today and now trade at 22.5 cents apiece. Whilst there’s nothing price-sensitive out of Andromeda’s camp today, its share price has crept up grad...

Gold is holding steady above US$1,800/oz – currently trading at US$1816.60. Some players are confident the gold market will trend net positive next year as the market digests the reality of the past 24 months. But commodity analysts at J.P....

With gold spending most of the past week hovering around the US$1,800/oz (A$2,485/oz) mark, speculation has turned away from whether the precious metal can hold its gains to asking if it can test hit the US$1,850/oz mark. Gold is currently...

Andromeda Metals and Minotaur Exploration have been granted a mining lease for the Great White Kaolin (GWK) project in South Australia. The GWK project is located on the Eyre Peninsula, 635 km west of Adelaide and 18 km south of Poochera, a...

 “This really is a fantastic success for all Andromeda stakeholders and a crucial milestone in the evolution of the Company, it will allow us to progress with full confidence into a very exciting 2022 and become a sustainable, world-class p...

 “This really is a fantastic success for all Andromeda stakeholders and a crucial milestone in the evolution of the Company, it will allow us to progress with full confidence into a very exciting 2022 and become a sustainable, world-class p...

Andromeda Metals continues to make progress on a definitive feasibility study (DFS) for the Great White Kaolin Project in South Australia

PepinNini Minerals (PNN) has entered a trading halt prior to launching a share placement Yesterday, PNN announced plans to drill up to 130 holes at its Eyre Peninsula project in South Australia to follow up on geophysical targets and test...

Pilbara Ports Authority exported a total monthly throughput of 59.9 million tonnes (Mt) for November 2021, a 4 per cent increase compared to the corresponding period in 2020. Port Hedland achieved a monthly throughput of 43.9Mt – of which 4...

It’s been fairly choppy for precious metals this year, with economic recovery, rising nominal yields and the potential for rate hikes dampening investors’ appetite for gold. But on the flip side, new virus variants, fears of stagflation and...

Iron Road and Andromeda Metals have entered into a non-binding memorandum of understanding (MOU) regarding the development of a deep, multi-commodity port at Cape Hardy in South Australia. According to a statement from the company, Andromed...

The company is in the process of developing its Great White Kaolin-Halloysite project near Poochera on the Eyre Peninsula and is progressing those plans through the use of existing ports in the region.

Alloggio Group (ASX:ALO), didn’t have a positive debut on the ASX last week but that didn’t stop one director from buying more on market. The holiday accommodation manager listed at 20 cents per share but fell as low as 15 cents on debut am...

US Fed chair Jerome Powell finally admitted that inflationary pressures weren’t going to be as sh­­ort-lived as perhaps expected. Earlier this week Powell surprised markets by suggesting it would be appropriate to drop the phrase “inflation...

Following a 7.6% surge from late September, the price of gold briefly hit five-month highs of ~$US1,872/oz on fears that current high inflation levels are more than ‘transitional’. Gold is an ‘inflation hedge’; an investment that ostensibly...

Following a 7.6% surge from late September, the price of gold is now sitting ~$US1,860/oz for the first time since June. The Aussie price is looking even better, which is great news for our local producers: USD (dark) and AUD (light) gold p...

Growing concerns about inflation could send gold prices soaring back above the US$2,000 ($2,746) an ounce mark it last reached back in 2020. Prices of the precious metal have already been rising steadily over the past fortnight, up some 3.7...

The Andromeda Metals [ASX:ADN] and Minotaur Exploration Ltd [ASX:MEP] are set to merge to create a leading Australian kaolin/halloysite company. The post Andromeda Share Price Down — Set to Merge with Minotaur Exploration (ASX:ADN) appeared...

The Andromeda Metals Ltd [ASX:ADN] share price, however, are down 15%. Set to Merge with Minotaur Exploration... The post ADN Shares Down — Set to Merge with Minotaur Exploration (ASX:ADN) appeared first on Money Morning Australia.

Shares in emerging minerals company Andromeda Metals Ltd (ASX: ADN) charged into the red this morning. And that’s where they stayed. At market close, Andromeda shares finished the day down 17.5% at 16.5 cents apiece. Andromeda shares have...

After climbing into midday trade, the ASX 200 lost ground in the afternoon to finish 0.14% lower. There were sharper falls in the ASX microcap Emerging Companies index, which fell by 1.63% — its worst session since September 20. At the big...

To optimise the multi-product DFS, further time is required to incorporate all of the advantages of 100% ownership and complete further scenario and optimisation analysis on product mix to ideally balance NPV, funding and risk.

In addition, Minotaur is to separately demerge its copper and gold assets into a subsidiary, Breakaway, which it intends to list on the ASX.

The Minotaur Exploration Ltd (ASX: MEP) share price has been an exceptionally strong performer on Wednesday. In morning trade, the mineral exploration company’s shares are up 46% to 19 cents. Why is the Minotaur Exploration share price roc...

Andromeda Metals (ADN) and Minotaur Exploration (MEP) are joining forces through an off-market all-scrip merger deal announced this morning Under the deal, Minotaur shareholders will get 1.15 Andromeda shares for every Minotaur share held...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

PepinNini Minerals (PNN) has been awarded a new exploration licence as part of its wider Eyre Peninsula Kaolin Project in South Australia The licence was applied for back in October 2020, one of two applications the company inherited as pa...

The ASX closed down again today in spite of resources and tech gaining over 1%. The ASX 200 fell 0.24%, closing at 7,434 points. Despite the gains in resources and tech most other sectors fell with financials, property and energy retreating...