Andromeda Metals Ltd (ASX:ADN)’s Great White Kaolin Project Mining Proposal (ML) and Mining Lease Application have been assessed by the South Australia Minister for Energy and Mining, who has granted ADN the Mineral Lease and two Miscellaneous Purposes Licences for the Project.
The terms of the ML and MPL are consistent with the original Mining Lease Application and have been accepted by Andromeda.
The company sees this as a positive step forward for the Great White Project and will now submit the Program for Environment Protection and Rehabilitation (PEPR) for subsequent approval.
Both the tenements and PEPR approvals are required to allow the Project to progress to the construction phase which should happen in 2022.
A major milestone
The successful outcome is a major milestone for the Project and the culmination of significant environmental and engineering works undertaken by ADN and supporting independent consulting companies.
Andromeda is the manager of the Great White Kaolin Project – ADN 75% and Minotaur Exploration Limited 25%.
The Mining Lease conditions will form the basis for developing the next stage of approvals, the Program for Environmental Protection and Rehabilitation.
“This really is a fantastic success for all Andromeda stakeholders and a crucial milestone in the evolution of the Company, it will allow us to progress with full confidence into a very exciting 2022 and become a sustainable, world-class producer of kaolin minerals,” ADN Managing Director James Marsh said.
“Once in production a whole range of new and significant halloysite-kaolin opportunities will open up for us, and I would like to thank the whole Andromeda Team for their dedication and professionalism.”
About Great White
The Great White Kaolin Project comprises four Exploration Licences east of Streaky Bay on the Eyre Peninsula.
High quality halloysite-kaolin occurrences exist extensively across the Great White Project area making this a region of global significance for the mineral and capable of supporting a considerable long-life mining operation.
The Project includes Great White and Hammerhead Deposits as well as several additional exploration targets: Manta, Tiger and Bronze Whaler. Andromeda also holds a 100% interest in the Mount Hope Kaolin Project which is located approximately 160 km southeast of Great White.