Coffee with Samso: Andromeda Metals Ltd

Managing Director James E Marsh clarifies Andromeda Metals Ltd (ASX:DNA) over coffee with Samso Episode 138

The time has finally come with the release of the Definitive feasibility study (DFS) – the long-awaited release of the company Andromeda.

When I last spoke to Andromeda Metals Ltd (ASX:DNA) in late 2021, the company was basically doing its best to maintain momentum pending completion of the DFS.

Here is the previous Coffee with Samso: The Real Halloysite – Kaolin Story – Andromeda Metals Limited (ASX:DNA) – Episode 124.

The premise of the whole business was that it was a simple business that was going to make a lot of money. The initial market reaction was not good, but I think the temperament of investors needs a strong taste of reality.

After speaking with James Marsh and learning more about the business, I am confident that the business has grown from just a bulk product business of mixing Kaolin product. What they have now is a sophisticated future in the making.


00:00 Start

00:20 Presentation

00:46 Update from James on the DFS.

02:11 Why the negative market sentiment?

05:54 What is the new strategy for ADN?

10:27 What is the holy grail of products?

13:23 Discussion on the resource.

16:09 How much can Probable be upgraded to Proven in ore reserves?

18:49 How flexible is the plant when grades change?

21:50 How is the kaolin market doing compared to 2019?

25:23 Has the Kaolin-Kaolinite-Halloysite market opened?

27:09 Significant changes in the volume of global annual production.

28:27 The potential for carbon capture.

30:35 What’s next after DFS?

35:00 What can throw a spanner in the works?

37:09 Closing


James E Marsh

BSc (Hons), MAusIMM

James Marsh is an industrial chemist with postgraduate degrees in chemistry and physics. He has extensive experience in a wide range of industrial minerals spanning a period of 25 years, including technical and marketing leadership positions 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 world leader in the production and marketing of gel grade kaolin and attapulgite clay minerals. Mr. Marsh has been instrumental in the development and launch of industrial minerals products in established and new applications globally and has a successful track record in general management and sales.

Andromeda Metals Ltd (ASX: DNA)

Andromeda Metals Limited is an Australian Securities Exchange (ADN) listed company focused on the development of the Carey’s Well halloysite-kaolin deposit in South Australia. The company has built a portfolio of very promising exploration projects covering 5,374 km² in 19 exploration licenses located in South Australia, Queensland and Western Australia. Andromeda Metals (formerly Adelaide Resources) was incorporated on December 23, 1993 and listed on the ASX on September 11, 1996. The company’s head office is located in Adelaide, South Australia. Andromeda Metals’ vision is to be a sustainable producer of high quality halloysite-kaolin industrial minerals and high purity alumina, thereby providing shareholders with a sustainable financial return on their investment in the Company.

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