Andromeda Metals Ltd

An important milestone for the potential development of Tripitaka has been achieved in recent drilling with the successful location of a likely underground water supply within an acceptable distance of the zircon resource.

Further drilling is to be undertaken for uranium on a previously unexplored area of South Australia's Eyre Peninsula after initial assay results returned "highly anomalous" intersections.

An intensive uranium exploration drilling program announced today and to commence in South Australia next month has cemented Adelaide Resources Limited's change of focus to a committed uranium and mineral sands explorer.

The Directors of Adelaide Resources Limited (ASX: ADN) are pleased to announce that Mr Paul J Dowd has joined the Board as a Non-Executive Director.

Drilling commences tomorrow in the Northern Territory to revive the fortunes of one of Australia's richest and historic gold and copper provinces.

Exploration companies behind the highly prospective Tripitaka mineral sands discovery in South Australia expect to have the first formal resource estimate for the deposit as early as September this year.

Adelaide Resources advises that detailed drilling commenced today at Tripitaka, the zircon dominant mineral sand discovery near Ceduna S.A announced in late 2005 by the Colona Joint Venture with Iluka Resources Limited.

Iluka Resources, in combination with Adelaide Resources Limited (the Colona Joint Venture) today announced further very encouraging results from the Eucla Basin in South Australia.

A Joint Venture between Adelaide Resources Limited and Iluka Resources Limited have paid off with the announcement today of a discovery of a rich mineralised sand find about 180 kilometers northwest of Ceduna in South Australia.