Andromeda Metals Ltd (ASX:ADN)'s James Marsh runs investors through a definitive feasibility study for the Great White Kaolin project in South Australia. The base-case study considers a multi-stage approach to bring the kaolin play into operation over a 28-year mine life. On the financial front, the study outlines a $613 million pre-tax net present value, a 36% internal rate of return and a six-year payback period. Although Great White will start making profits in its second year, the plan is to re-invest earnings back into expanding and improving the kaolin plant. Great White will need around $90 million to get into operation, and Andromeda is out to make that dream a reality as it works to secure an environmental sign-off before year's end.
Andromeda Metals gives the business case for Great White in robust DFS
