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ADN, ANDROMEDA METALS LIMITED
billyrubin
post Posted: Nov 27 2006, 04:18 PM
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"bulletin'' article opened up some questions about the integrity of some of the uranium plays. likely to end in tears. however adelaide resources is a serious play as witnessed by their recent jv with plenty of palaeochannel country out there. could be a similar success story as was with the eucla basin sands.

 
aussie joe
post Posted: Sep 21 2006, 06:50 PM
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In reply to: alioop on Thursday 21/09/06 04:15pm

alioop,

buggered if I know.

10,000 tonnes plus at high grades and shallow depths would do me just fine.

That and the JV with Iluka would be a nice platform to stardom.

 
alioop
post Posted: Sep 21 2006, 04:15 PM
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In reply to: aussie joe on Wednesday 20/09/06 08:50pm

AJ how much U do u think it has? Alioop

 
aussie joe
post Posted: Sep 20 2006, 08:50 PM
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green on a fairly red day.

JORC resource estimate and Uranium review due very soon.

 
aussie joe
post Posted: Sep 3 2006, 10:43 PM
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Just a friendly reminder.

There has been some movement in the last two weeks.

1 for the watchlist. Volume confirmation required and this will be off.

 
the rooster
post Posted: Mar 30 2006, 08:52 PM
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In reply to: aussie joe on Thursday 30/03/06 08:27pm

aussie joe,

Thanks for that, I didn't go back far enough (thought this was recent) and couldn't see for looking. Apologies.

My main attraction to ADN is the presence of TRY on their register. They haven't made too many investments, so there must be some attraction.

I held ADN in the old Gawler Craton rush but disposed of it cheaply. Bought a couple today at the wrong price, but that should only be a short term thing.

Cheers



--------------------
"Wishing all of you, the best of good buys" - Paul Kangas, NBR.
 


aussie joe
post Posted: Mar 30 2006, 08:27 PM
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the rooster,

here u go. as I said have been waiting for a while..... thumbdown.gif

results hopefully make aussie joe a very happy man biggrin.gif

aussie joe

• R E L E A S E •
Tuesday, 26 July 2005
ADELAIDE RESOURCES IDENTIFIES PROMISING
URANIUM POTENTIAL ON LARGE S.A. TENEMENTS
Adelaide Resources (ASX : “ADN”) today announced it was well advanced towards
completing a review of the uranium potential on the Company’s vast tenements
across South Australia.
“Already, this review has highlighted the potential for the presence of sedimentary
uranium deposits in our large Eyre Peninsula Project area,” the Company says in its
latest June quarterly report.
Directors said previous exploration programs on the project area came to an abrupt
halt following changes in government uranium policy in the 1980s and had not been
followed up since.
“In contrast to that environment, the current positive long-term outlook for the
uranium market presents the opportunity and confidence to focus attention on the
hunt for new deposits,” they said.
“Our evaluation of all previous drilling indicates that segments of at least three
discrete palaeochannel drainage systems are present in our large wholly-owned Eyre
Peninsula project area near Wudinna.”
Directors said drill holes from exploration completed over 20 years ago on the
Company-held segments of both the Narlaby and Yaninee palaeochannels exhibited
gamma responses that were similar to those at other uranium prospects in South
Australia.
“The presence of the Yarrana uranium prospects downstream from the Company’s
tenement holding indicates sufficient uranium has been mobilized to form mineral
deposits from the ground waters in the Narlaby system, and that reduced sediments
required to initiate uranium precipitation are also locally present,” they said.
“Options for achieving best value for Adelaide Resources from the uranium potential
on our Eyre Peninsula tenements are currently under consideration.
“Evaluation of this uranium prospectivity is progressing rapidly.”
The combined length of the palaeochannels now controlled by Adelaide Resources
totalled over 160 kilometres, including a significant system secured through a new
Exploration Licence Application.

Directors said the current changed uranium environment – including an almost
trebling in the price of uranium oxide in the past two years – had been due in part to
a projected deficit in uranium supply.
“This also reflects that uranium is now recognized as one of the few viable base load
energy sources that will allow countries to meet their carbon dioxide (CO2) emission
targets,” they said.
“Consequently, new nuclear power plants are now in the planning and development
stages in many jurisdictions around the globe.”

MEDIA CONTACTS
Keith Yates Adelaide Resources (08) 8271 0600 / 0417 801 479


 
the rooster
post Posted: Mar 29 2006, 07:40 PM
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In reply to: aussie joe on Wednesday 29/03/06 05:46pm

Aussie joe,

And how much U does ADN have? I can't find any reference.

Cheers



--------------------
"Wishing all of you, the best of good buys" - Paul Kangas, NBR.
 
aussie joe
post Posted: Mar 29 2006, 05:46 PM
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nice run up today.

wait till the market learns how much uranium this one has.

aussie joe ph34r.gif

 
TerryA
post Posted: Mar 9 2006, 08:38 AM
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In reply to: apache123 on Thursday 09/03/06 11:24am

Thanks Apache - would prefer to see the good news fairly soon.

 
 


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