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Andromeda Metals Limited (ADN)
is a publicly listed company on the Australian Securities Exchange (ASX).


{{businessSummary}}

General Overview

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.

Objectives

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

Mission

Their Mission: "To create shareholder wealth through mineral discovery"


Projects

Moonta

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.

Rover

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

Eyre Peninsula

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.

Drummond

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.

Lithium

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.



Contact Info

Andromeda Metals Limited

69 King William Road
Unley, SA
AU Australia, 5061

Phone: +61 8 8271 0600
Fax: +61 8 8271 0033
Email: admin@andromet.com.au
Website: http://www.andromet.com.au/

Click here to view the interactive map
Andromeda Metals Limited Google Map
Andromeda Metals Limited Google Map

Share Registry

Computershare Investor Services Pty Limited - Click here to view share registry profile

Phone: +61 3 9415 5000
Fax: +61 3 9473 2500
Email: investor.relations@computershare.com.au
Website: http://www.computershare.com/

452 Johnston Street
Abbotsford, VIC
AU Australia, 3067


Important Information

The General Overview, Services, Products and Projects information for this profile was last edited on 09 Jan 2017.

All Financial Data is provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Share Prices nor any independent data provider is liable for any informational errors, omissions or other defects, incompleteness, or delays, or for any actions taken in reliance on Financial Data.

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