The Directors of Andromeda Metals are pleased to provide the Company's Financial Report for the half-year ended 31 December, 2016. Strategy To achieve the goal of growing shareholder wealth, Andromeda Metals' directors have implemented a company strategy comprising the following key principles: - The Company will maintain a primary focus on gold [...]
Andromeda Metals resource estimates for the Baggy Green and White Tank deposits, located in the 100% owned Wudinna Gold Camp, have been completed with the assistance of consultant Mining Plus Pty Ltd. The Baggy Green Mineral Resource Estimate totals 1.56 million tonnes at 1.64g/t gold for 82,400 ounces at a 0.5g/t gold cut-off grade. The Resource [...]
Andromeda Metals is pleased to announce Barns metallurgy results deliver 97% plus gold recovery. Summary - 97% gold recoveries achieved on three separate composited samples from the Barns deposit. - The composites comprise one supergene and two primary zone samples. Total gold recovery results were consistent across the three ore types using a [...]
Andromeda Metals is pleased to provide the company's Fourth Quarter Activities Report for the period ending 31 December 2016. Overview Eyre Peninsula gold (100% interest) - A reverse circulation drilling programme at the Baggy Green prospect, located near the Barns deposit, returns the best intersections recorded to date. - Adjacent 50 metre [...]
Adelaide Resources advises that in accordance with a special resolution passed at the 30 November 2016 Annual General Meeting of shareholders, the Company's name has now changed to Andromeda Metals Limited. Summary - The Company's ASX code is unchanged and remains as 'ADN' - The website has changed to www.andromet.com.au. Visitors to the [...]
Adelaide Resources is pleased to provide the company's SA Mining and Exploration Conference Presentation. Eyre Peninsula gold Large project in Central Gawler Gold Province - Substantial 2,807km2 project - Barns Camp gold deposits (Barns, Baggy Green, White Tank) all 100% owned - Deposits found in early 2000's by testing calcrete gold [...]
Adelaide Resources is pleased to provide the company's Managing Director's Presentation at 2016 AGM. 12 Month Report - Commodity focus on gold, with copper and lithium secondary targets - Maiden Mineral Resource estimated for the Barns gold deposit on the Eyre Peninsula. Comparable ounce inventory to other SA deposits (Portia and Tarcoola) now [...]
Adelaide Resources is pleased to provide the company's Chairman's Address to Shareholders at the AGM. A number of achievements are worthy of noting when reflecting on the twelve months since our last Annual General Meeting. In particular, the Company: - Declared an inaugural metal Mineral Resource at the Barns gold deposit - in fact, the first in [...]
Adelaide Resources is pleased to release significant tungsten rock chip results at Davenport Ranges project. Davenport Ranges project. Significant tungsten rock chip results Summary. Ore grade tungsten values up to 1.41% WO3 have been recorded in a preliminary low impact rock chip sampling programme on exploration licence application EL31211 [...]
Adelaide Resources advise the preliminary interpretation of the Baggy Green drill data, incorporating results from the recent RC programme, confirms the prospect an materially add to the existing 107,000 ounce gold resource at the nearby Barns deposit. - Assays from the remaining Baggy Green holes include gold intersections in three adjacent, 50 [...]
Adelaide Resources has executed a Heads of Agreement with Tennant Creek focussed explorer Emmerson Resources to form the Rover Farm-in and Joint Venture over the Company's Rover copper gold project. Summary - Adelaide Resources and Emmerson Resources have executed a Heads of Agreement to form the Rover Farm-in and Joint Venture over the Company's [...]
Adelaide Resources is pleased to release the exceptional results on first Baggy Green holes drilling for Eyre Peninsula gold project (100% owned). Summary - Assay results for the first ten reverse circulation holes drilled at the Baggy Green prospect include the best gold intersections yet recorded. - Hole BGRC-1222 recorded an intersection of [...]
