ADN 7.69% 1.4¢ andromeda metals limited

Ann: Joint Venture for Advanced Nanomaterial Research Formalised, page-2

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    And there's the reason?
    Andromeda Metals and Minotaur Exploration will form a new 50/50
    owned company to undertake research and hold title to any intellectual
    property developed in relation to new technology innovations created
    for halloysite application and uses along with the commercialisation of
    potential opportunities.
     The incorporated entity will be focused on new commercial applications
    for halloysite produced from the Poochera Halloysite‐Kaolin Project.
     The Global Innovative Center for Advanced Nanomaterials (GICAN)
    located at the University of Newcastle (NSW) is currently producing
    some exciting research results using the Carey’s Well halloysite in
    battery technology development, water purification and carbon capture
    and storage. Each of these applications has the potential to present
    unlimited global development opportunities.
     ADN will contribute a total of $350,000 towards Research and
    Development investment by June 2020 to earn its 50% equity in the new
    company.
     At Poochera, the current drilling program has been designed to target
    areas of high purity halloysite
 
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