Project status
- Tier 1 asset located in the low-risk mining jurisdiction of South Australia
- All key approvals in place to commence construction
- High-grade kaolin asset delivering premium products over a 28-year mine life
- Bankable feasibility study completed, demonstrating strong project economics
- Staged development leading to 330,000 tonnes per annum (tpa) of refined kaolin products
- 100% offtake coverage of fully-ramped up production for Stage 1A+ (by year 3), supporting funding discussions that are currently underway
- Low capex hurdle
- Conventional mining with low strip ratio
- Project team and execution strategy ready, with long-lead items ordered and mining contractors shortlisted
Mining and Environmental Approvals
Following the grant of Mining Lease (ML) 6532 in December 2021, the Program for Environment and Rehabilitation (PEPR) for the Project was approved by South Australia’s Department for Energy and Mining (DEM) in March 2023. The PEPR is the second and final stage of the South Australian Government’s regulatory process.
The approved PEPR allows the processing of up to 300,000 tpa of ore, producing up to a nominal 150,000 tpa of refined kaolin products.
Payments for an environmental bond and the Native Vegetation Fund are required prior to the commencement of construction.
Land Acquisition
Andromeda owns the private land within the GWP’s Mining Lease (ML 6532) and associated Miscellaneous Purpose Licence (MPL 164), following completion of the purchase in March 2024.
Updated DFS and Bringing Forward of Expansion Plans
Andromeda completed an updated Definitive Feasibility Study (2023 DFS) for the GWP in August 2023, based on an enhanced product portfolio, which demonstrated compelling project economics over the 28-year life of mine.
In May 2024, expansion plans were brought forward, thereby increasing initial planned production from 55,000 tpa under Stage 1A of the Project to 100,000 tpa under Stage 1A+.
Project Funding
Following this, binding offtakes were finalised for Stage 1A+ in July 2024, leading to the launch of a funding process aimed at securing the ~$90 million of funding required for Stage 1A+ (excluding financing costs, interest and cash reserves), which remains in progress.
View Definitive Feasibility Study