Join our daily newsletter At The Bell to receive exclusive market insights
- Andromeda Metals (ADN) signs land purchase agreements to acquire all freehold land at its Great White kaolin project in South Australia
- The agreements include a waiver, which will allow for authorised operations to commence to facilitate the transition to construction upon receipt of its Program for Environment Protection and Rehabilitation (PEPR)
- The company has also lodged the PEPR to the state’s Department for Energy and Mining (DEM) for assessment and approval
- It says executing these steps has de-risked the project’s development and increases its confidence for the upcoming investment phase
- Shares in the company last traded at 9.5 cents each on August 17
Andromeda Metals (ADN) has signed land purchase agreements to acquire all freehold land at its Great White kaolin project in South Australia.
The agreements include a waiver, which will allow for authorised operations to commence to facilitate the transition to construction upon receipt of its Program for Environment Protection and Rehabilitation (PEPR).
The company has lodged the PEPR to the state’s Department for Energy and Mining (DEM) for assessment and approval.
It said executing these steps has de-risked the project’s development and increases its confidence for the upcoming investment phase.
Managing Director James Marsh said the progress was a result of extensive stakeholder consultations with landholders and the broader Eyre Peninsula community.
“These positive outcomes demonstrate Andromeda’s ability to work collaboratively to deliver win-win solutions, that progress the project while also delivering benefits to the surrounding communities,” he said.
Shares in the company last traded at 9.5 cents each on August 17.
