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Andromeda Metals Limited (ASX:ADN) - An ASX Kaolin Giant in the making - DFS Completed.

James E Marsh, Managing Director, clears the air about Andromeda Metals Limited (ASX:ADN) over Coffee with Samso Episode 138

The time has finally come with the release of the Definitive Feasibility Study (DFS) - the long awaited release of the Andromeda business.

When I last spoke to Andromeda Metals Limited (ASX: ADN) in late 2021, the company was basically doing its best to keep the momentum going while waiting for the DFS to be completed.

The premise of the whole business was that it is a simple business that was going to make a lot of money. The initial reaction from the market was not a good one, but I think the temperament of investors needs a strong taste of reality.

After talking with James Marsh and learning more about the business, I am convinced that the business has moved on from being a simple bulk commodity business of blending the Kaolin product. What they have now is a sophisticated future in the making.


00:00 Start

00:20 Introduction

00:46 James updating on the DFS.

02:11 Why the negative sentiment from the market?

05:54 What is the New Strategy for ADN?

10:27 What is the Holy Grail of products?

13:23 Discussion on the resource.

16:09 How much can the Probable be upgraded to Proven in the Ore Reserves?

18:49 How flexible is the plant when grades change?

21:50 How is the Kaolin market now compared to 2019?

25:23 Has the Kaolin-Kaolinite-Halloysite market opened up?

27:09 Important changes in the volume of global annual production.

28:27 The Carbon Capture Potential.

30:35 What is next after the DFS?

35:00 What can throw a spanner in the works?

37:09 Conclusions


James E Marsh

BSc (Hons), MAusIMM

James Marsh is an industrial chemist and holds tertiary qualifications in chemistry and physics. He has extensive experience across a wide range of industrial minerals spanning a 25 year period, including senior technical and marketing roles with two global market leaders. He previously worked for 7 years as Business Development Manager for Active Minerals Australia, part of the Active Minerals International group, a worldwide leader in the production and marketing of kaolin and gel quality attapulgite clay minerals. Mr Marsh has been instrumental in developing and launching industrial minerals products into established and new applications globally and has a successful track record in general management and sales.

Andromeda Metals Limited is an Australian Securities Exchange-listed company (ADN) with a focus on developing the Carey’s Well halloysite-kaolin deposit in South Australia. The company has built a highly prospective exploration portfolio of projects covering 5,374 sq km within 19 exploration licences located in South Australia, Queensland and Western Australia. Andromeda Metals (previously Adelaide Resources) was incorporated on 23 December 1993 and subsequently listed on the ASX on 11 September 1996. The Company’s head office is in Adelaide, South Australia. The vision of Andromeda Metals is to be a sustainable industrial minerals producer of high-quality halloysite-kaolin and high purity alumina material, thus providing shareholders with a sustainable financial return on their investment in the Company.



The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer.

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