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Andromeda Metals Limited (ADN)
is a publicly listed company on the Australian Securities Exchange (ASX).
About Andromeda Metals Limited
The company has built a highly prospective exploration portfolio of projects covering 7,969 sq kms within 21 exploration licences located in South Australia, Queensland, Western Australia and the Northern Territory.
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 minerals exploration company providing shareholders with risk managed discovery, development and mining opportunities.
The strategy for achieving this objective is:
- to discover and develop economically significant mineral deposits
- to attract and motivate a capable management and technical team
- to maintain a commitment to innovation and the pursuit of excellence
- and to continually match risk and financial resources
Their Mission: "To create shareholder wealth through mineral discovery"
Andromeda Metals' 100% owned Moonta Copper Gold Project falls near the southern end of the Olympic Copper-Gold Province in South Australia which hosts a number of world class copper deposits including Olympic Dam.
Andromeda Metals holds 100% equity in 2 tenements in the Rover Field located southwest of Tennant Creek in the Northern Territory. The Tennant Creek District has produced over 5.5 million ounces of gold and over 480,000 tonnes of copper
Andromeda Metals holds equity in 9 tenements covering 3,644 sq kms on the northern Eyre Peninsula in South Australia, the majority of which is 100% owned. The Company's ground holding hosts the Barns, Baggy Green and White Tank gold prospects.
Andromeda Metals holds 100% equity in 2 tenements in the Drummond Basin in Queensland. The Drummond Basin hosts a number of significant, high grade epithermal gold deposits, the most notable being the ~3 million ounce Pajingo Field.
Buoyed by the predicted strong growth in the demand for lithium used in battery applications in the electric automotive and green energy storage markets, lithium is enjoying positive market sentiment. Adelaide Resources has embarked on an initiative to explore for lithium and has secured areas with hardrock potential as well as salt lakes which may host lithium in lake brines.
Andromeda Metals Limited
69 King William Road
+61 8 8271 0600
Fax: +61 8 8271 0033
The General Overview, Services, Products and Projects information for this profile was last edited on 09 Jan 2017.