Andromeda Metals Ltd's managing director James Marsh tells us about the plans for the company as it moves 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.
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.
Coffee with Samso – Episode 27: The myth and facts about the Halloysite and Kaolinite Industry.
Coffee with Samso – Episode 031: The mining of Kaolinite with Andromeda Metals Ltd (ASX:ADN)
About Andromeda Metals[hhmc]
Andromeda Metals is an emerging industrial minerals company listed on the Australian Securities Exchange 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 square kilometres within 19 exploration licences in South Australia, Queensland and Western Australia.
Andromeda Metals, previously Adelaide Resources, was incorporated on December 23, 1993, and subsequently listed on the ASX on September 11, 1996. The companys 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 June 30, 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[hhmc]
James Marsh, BSc (Hons), MAusIMM, 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 seven 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.
James 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.
For further information about Coffee with Samso and Rooster Talks visit: www.samso.com.au
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