Andromeda Metals Limited (ADN:ASX)
Andromeda Metals Limited, formerly Adelaide Resources Limited, is an exploration company. The Company is engaged in the exploration for gold, copper and other economic mineral deposits. It has interests in over 20 exploration licenses, covering over 7,970 square kilometers (sq. kms) within South Australia, Queensland, Western Australia and the Northern Territory. Its projects include Drummond, Eyre Peninsula, Moonta, Rover and Lithium. It holds equity in two tenements (EPM 18090 and EPMA 25660) in the Drummond Basin in Queensland, covering over 270 sq. kms. It holds 100% equity in over five tenements covering over 3,640 sq. kms on the northern Eyre Peninsula in South Australia. It owns Moonta Copper Gold Project located near the southern end of the Olympic Copper-Gold Province in South Australia. It holds 100% equity in over two tenements in the Rover Field located southwest of Tennant Creek. Its lithium projects include Davenport Ranges, Coolgardie and South Australian Salt Lakes.