Andromeda Metals: Completes Great White kaolin DFS

Andromeda Metals Completes Great White kaolin DFS

• Andromeda Metals (ADN) completes definitive feasibility study (DFS) for its Great White kaolin project in South Australia
• Results from the DFS include high margin cashflows, with pre-tax net present value of $613 million, with an internal rate of return of 36 per cent
• Great White has a mine life of 28 years and is proposed in four production stages, with an an initial capital cost of $93.8 million
• The payback period is 5.9 years, which includes stage two upgrade and stage three plant expansion capital expenditure to reach 600,000 tonnes per annum processing capacity
• On the market, ADN drops 34.3 per cent and trading at 11.5 cents