Andromeda Metals announces Pilbara gold project acquisition, $2 million capital raising and board restructure. In summary: The Company has signed a binding term sheet that, subject to the completion of satisfactory due diligence, would lead to the acquisition of 100% equity in up to eleven Exploration Licence Applications in the Pilbara region of [...]
Andromeda Metals holds the Moonta copper project, located on the Yorke Peninsula in South Australia. The project area is highly mineralised and includes numerous historically mined deposits, as well as more recent copper discoveries including the Bruce Zone at Alford West and the Wombat deposit located approximately 3km to the west. Summary - The [...]
Andromeda Metals remains focused on advancing its Wudinna Gold Project into production, but welcomes the positive results achieved to date by the TJV. The Company's 25% equity in the graphite discovery potentially represents a valuable additional mineral asset. Summary The Thurlga Joint Venture (TJV) manager has today released results from a [...]
The main priority of Andromeda Metals is progressing the wholly owned Wudinna Gold Camp, a cluster of gold prospects including Barns, Baggy Green and White Tank, into production. Summary - Gold recoveries to 99.3% and averaging 98.7% recorded for four metallurgical samples from the Baggy Green deposit, located in the wholly owned Wudinna Gold [...]
Andromeda Metals is pleased to announce that it has received a copy of an independent research report on the Company from Resource Capital Research (analyst: John Wilson). The research report was commissioned by Andromeda Metals. To view the copy of the report, please visit:
Andromeda Metals is pleased to advise that it has been successful in its application for participation in the Federal Government's Exploration and Development Incentive Scheme (EDI) for the 2015-16 financial year. Summary - The Australian Taxation Office has confirmed that a modulation factor of 1.0 is to apply for the purposes of calculating an [...]
Andromeda Metals holds the 819km2 Moonta copper project on South Australia's Yorke Peninsula (see Figure 1 in the link below). A review of the assay results of Company and historical drill holes on the Moonta copper project has confirmed the presence of significant cobalt at a number of prospects, with the most substantial results at Willamulka and [...]
Andromeda Metals are pleased to provide the Company's latest Quarterly Activities Report for the period ending March 2017. Overview Eyre Peninsula gold - Mineral Resource estimates for the Baggy Green and nearby White Tank deposits were completed with the assistance of consultant Mining Plus Pty Ltd, and build on the maiden Barns Mineral Resource [...]
Andromeda Metals announced a pro rata non-renounceable entitlement offer (Offer) to holders of shares in the Company as at 6.30pm ACST on Thursday 20 April 2017 (Record Date). Andromeda Metals will apply the funding to its two wholly owned Australian gold projects in South Australia and Queensland. On the advanced Eyre Peninsula project in South [...]
The Directors of Andromeda Metals announce a pro rata non-renounceable rights issue, with the funds raised to be applied to the Company's two wholly owned Australian gold projects in South Australia and Queensland. On the advanced Eyre Peninsula project in South Australia the Company is undertaking the drilling, testwork and studies required to [...]
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 [...]
