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Andromeda Metals confirms robust economics in DFS for "globally significant" Great White Kaolin Project

Last updated: 10:12 25 Mar 2024 AEDT, First published: 08:07 04 Jul 2022 AEST

Snapshot

  • Andromeda Metals completes settlement of land purchase at The Great White Project
  • Silica Sand, Potash and Kaolin enjoy steady growth in a less volatile market
  • Andromeda Metals at forefront of new kaolin industry in Australia
Ansarada Group - Andromeda Metals progresses towards DFS for Great White Kaolin Project

About the company

Andromeda Metals Ltd is focused on advancing its flagship project, the Great White Project in South Australia’s Eyre Peninsula.

The project is centred on the large, high-quality Great White deposit, which contains a naturally occurring blend of halloysite tubes and kaolinite plates.

The company is also developing Great White HRM as a refined kaolin for sale for use as an additive in the concrete industry and other associated applications and the Great White CRM as a refined, dried, bagged product for use by end-users in the high-end ceramics market.

How it is doing

25 Mar 2024

Andromeda Metals Ltd (ASX:ADN, OTC:ANDMF) has settled the land purchase agreements for freehold land underlying The Great White Project (TGWP) in South Australia.

This follows binding agreements that were inked with relevant landowners in 2022 for the purchase of freehold land underlying TGWP.

Under the terms of the agreements, the private land within TGWP’s mining lease and associated Miscellaneous Purpose Licence (MPL 164) was to be subdivided before settlement, so that existing property boundaries could be realigned to fit the TGWP mine site footprint.

23 Feb 2024

Andromeda Metals Ltd (ASX:ADN, OTC:ANDMF) CEO and managing director Bob Katsiouleris presented at the ICerS Raw Materials for Ceramic Tile Conference, where he showcased the results from tests on kaolin from The Great White Project in South Australia to key global buyers and users of kaolin for ceramics.

The conference, held at Sassuolo near Bologna, Italy on February 22, 2024, was focused on the ceramics supply chain, critical raw materials, global mineral resources and technological aspects in the formulation of mixtures.

21 Feb 2024

Andromeda Metals Ltd (ASX:ADN, OTC:ANDMF) has bolstered its resources sector corporate skillset with the appointment of Sue-Ann Higgins as an independent non-executive director of the company.

Higgins, an experienced legal practitioner and company director, has diversified skills and global corporate experience.

Insight: Silica Sand, Potash and Kaolin enjoy steady growth in a less volatile market

12 May 2023

While industrial minerals don’t hold the same shine as gold or the excitement of lithium, they represent the core feedstock of our manufacturing, construction, and agriculture industries, arguably the bedrock of our societies.

In this article we’ll explore industrial mineral markets, the factors influencing them, and the ASX companies that are either already producing or exploring for them.

What management says

31 Aug 2023

Andromeda Metals Ltd (ASX:ADN) managing director Bob Katsiouleris speaks with Proactive after the company delivered a 65% increase in the net present value (NPV) of the world-class Great White Project (GWP) to reach $1.01 billion following a commercial review of the construction-ready South Australian kaolin project. The results of the review, contained in an updated definitive feasibility study (DFS), also delivered a 59% higher average annual earnings before interest tax depreciation and amortisation (EBITDA) of $130 million. The commercial reassessment underlined the potential use of Andromeda's core kaolin products, Great White CRM™ and the Great White KCM™ 90, in established and burgeoning segments such as high-quality ceramic tiles and porcelain tableware.

Andromeda Metals at forefront of new kaolin industry in Australia

Andromeda Metals Ltd (ASX:ADN) managing director Bob Katsiouleris speaks with Proactive after the company delivered a 65% increase in the net present value (NPV) of the world-class Great White Project (GWP) to reach $1.01 billion following a commercial review of the construction-ready South...

on 31/8/23