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Why the Andromeda (ASX:ADN) share price is on the rise

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Andromeda Metals Ltd (ASX: ADN) shares are edging higher in early trade after the company heralded news regarding its crown jewel – the Great White deposit. At the time of writing, the Andromeda share price is trading 2.38% higher at 21.5 cents.

Shareholders will be grateful for the positive update, with Andromeda shares down by around 26% over the last month. For comparison, the All Ordinaries Index (ASX: XAO) is up by around 2.6% over the same period.

Let’s take a closer look at today’s news from the mineral exploration company.

Halloysite-kaolin

Andromeda shares are in the green following news that the company’s aircore drilling program has begun at its Great White deposit.

The drilling program will allow Andromeda to…



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