The Art of Creating Kaolinite that Pays: Andromeda Metals Limited (ADN)
Rooster Talk Episode 27: A Margaret River Series
James Marsh, Managing Director of Andromeda Metals Limited (AXS:ADN)
James tells us about the plans for the company as they move into mining. The appointment of a marketing company to establish binding contracts is a great sign that
Andromeda is making the right moves to establishing itself as a world-class Kaolin mining company.
We go on to talk about the logistical aspects of shipping and how they intend to maximise margins while minimising the costs.
Tune in to Rooster Talk 27 below with James Marsh.
Andromeda has been one of my favourite stories. It is such a simple business and it has very minimal CAPEX.
These Coffee With Samso interviews with James Marsh will give you a good idea of what this business is all about.
About Andromeda Metals Limited
Andromeda Metals Limited is an emerging industrial minerals company listed on the Australian Securities Exchange (ASX: ADN) with a vision of becoming the world's leading supplier of high-grade halloysite-kaolin.
The Company's current focus is on bringing the Carey's Well halloysite-kaolin deposit into production in order to generate immediate cash flows to grow the business and reward shareholders through the payment of dividends.
Halloysite is a naturally occurring but rare 'tubular shaped' derivative of kaolin which has a variety of industrial uses.
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.
Andromeda Metals’ vision is to be a sustainable industrial minerals producer of high-quality halloysite-kaolin and high purity alumina material and thus providing shareholders with a sustainable financial return on their investment in the Company.
Company Information (as at 30 June 2020)
Ordinary Shares on Issue 1,532,863,256
Cash Balance $2.999 million
Number of shareholders 4,989
12 month trading 1.9 to 8.2 cents
Market capitalisation $78.18 million
About 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.
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