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The latest update is out from Andromeda Metals Limited ( (AU:ADN) ).
Andromeda Metals Limited has completed several key Early Works milestones at its Great White Project, including payment of required environmental compliance obligations, construction of mine access, bulk earthworks for the Stage 1A+ processing plant, geotechnical drilling, and securing insurance arrangements. Engineering detailed design for the processing plant and water infrastructure, as well as transport of long-lead equipment from overseas, are currently underway and supported by proceeds from a recent $14 million capital raising. The company has also stepped up local engagement by holding community information sessions in Poochera and Streaky Bay, aiming to keep stakeholders informed on the project’s progress and environmental compliance, which collectively positions the project closer to full-scale development and enhances Andromeda’s standing as it moves toward production.
More about Andromeda Metals Limited
Andromeda Metals Limited is an Australian resources company focused on developing the Great White Project in South Australia, which is advancing toward construction with a Stage 1A+ processing plant and associated infrastructure. The company operates within the mining and industrial minerals sector, progressing a kaolin-related project aimed at supplying specialty mineral products to domestic and international markets.
Average Trading Volume: 15,884,678
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$60.08M
For a thorough assessment of ADN stock, go to TipRanks’ Stock Analysis page.