Andromeda Metals Limited
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How Will Andromeda Metals Benefit from the Kaolin Deposit's Resource Estimate?
Andromeda Metals Limited (ASX: ADN) has recently completed an inaugural Mineral Resource Estimate (MRE) for the Chairlift kaolin deposit in South Australia. This estimate, reported in accordance with the 2012 JORC Code and Guidelines, highlights the substantial potential of the deposit for Andromeda Metals Limited.
Impressive Mineral Resource Estimate
The MRE for the Chairlift kaolin deposit reveals a combined Inferred Resource of 53. 5 million tonnes (Mt) of kaolin. This includes 27. 0 Mt of Bright White, low titanium kaolinised granite (Chairlift CRM), and 26. 5 Mt of rheology modifier kaolin (Chairlift HRM).
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High-Quality Kaolin for Various Markets
Chairlift CRM stands out due to its low titanium content, with an average TiO2 of 0. 18%. This makes it an ideal fit for the high-quality porcelain ceramics market. Moreover, it complements the kaolin found in the Great White Deposit, expanding the potential market opportunities for Andromeda Metals Limited in the high-end coatings market.
Rheological Properties for Market Expansion
Chairlift HRM shares the same rheological properties as Great White HRM™, which broadens the market potential for the HRM product range. The "Rheology Index" methodology, proprietary to Andromeda, is used to evaluate the rheology modifying potential of kaolin.
Exploration Opportunities and Growth Potential
The Chairlift kaolin deposit also offers exploration upside potential, with mineralization open in multiple directions. This signifies the possibility of further expansion and growth opportunities for Andromeda Metals Limited in the future.
CEO's Perspective
Bob Katsiouleris, Andromeda’s CEO and Managing Director, expressed satisfaction with the Chairlift Deposit's addition to the high-quality resources surrounding The Great White Project. This highlights the global significance of the region for high-quality kaolin products.
The resources available from the Chairlift Deposit significantly expand the potential market opportunities for Andromeda Metals Limited in the high-end porcelain ceramics and low-carbon concrete markets. It also supports the long-term benefits and future expansion plans for The Great White Project's development. Additionally, the Chairlift Deposit opens doors for Andromeda Metals Limited to participate in the growing market segments for white minerals, including performance coatings and pharmaceuticals.
The completion of the inaugural Mineral Resource Estimate for the Chairlift kaolin deposit positions Andromeda Metals Limited for success in the kaolin market. The low titanium content enhances its suitability for high-quality porcelain ceramics, while the rheological properties of Chairlift HRM present new opportunities for market expansion. With exploration potential and support from the CEO, Andromeda Metals Limited is on track to capitalize on the vast potential of the Chairlift Deposit for the growth and expansion of its business.
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