Top member reports
No meetings
Consensus community valuation
The consensus valuation is for members only and has been removed from this chart. Click for membership options.
Contributing Members
Content is delayed by one month. Upgrade your membership to unlock all content. Click for membership options.
#ASX Announcements
stale
Added 2 years ago

Andromeda signs another Binding Offtake Agreement for KCM 90 from the Great White Project 

Andromeda Metals Limited (ASX: ADN) (Andromeda, the Company) a near-term producer of the halloysite-kaolin industrial mineral is pleased to announce that it has signed a second legally binding offtake supply term sheet (Agreement) to supply its Great White KCM™90 product from the Great White Kaolin Project in South Australia subject to standard conditions precedent.

Highlights

  • Andromeda has signed another legally binding offtake Agreement with the highly respected Japanese porcelain manufacturer Plantan Yamada to supply halloysite-kaolin from the Great White Kaolin Project
  • The binding Agreement is for up to a total of 43,000 tonnes of Great White KCM 90 over the first three years of production at a price in excess of the Definitive Feasibility Study pricing
  • The Agreement includes sales into the ceramics sector of Japan, adding further geographic diversity to the customer base
  • This agreement adds to the recent binding offtake agreement signed with Asia Mineral Resources (ADN ASX Release 26 July 2022 - Andromeda Signs Binding Halloysite-Kaolin Offtake Term Sheet) for Great White KCM 90
  • Negotiations are in progress to lock in additional strategic offtake agreements for the initial Great White plant output to further de-risk the project
  • This includes the Great White HRM concrete additive and Great White SRM suspension aid additive where a Letter of Intent for exclusive distribution rights into Asia/Pacific has already been signed with IMCD who are the world’s largest additives distributer


Link to Full ASX Announcement


DISC: Held in SM and tiny amount in RL

Read More
#ASX Announcements
stale
Last edited 2 years ago

Andromeda Signs Binding Halloysite-Kaolin Offtake Term Sheet

  • Andromeda has signed a legally binding offtake Agreement with the Vietnam and Hong Kong based Asia Minerals Resources (AMR) to supply halloysite-kaolin from the Great White Kaolin Project
  • The binding Agreement is for up to a total of 38,500 tonnes of Great White KCM™ 90 over the first three years of production at a price in excess of the Definitive Feasibility Study pricing
  • The Agreement includes sales into the ceramics sector covering Vietnam, Malaysia, Singapore, Bangladesh, India, Pakistan, Philippines, South Korea, Indonesia, Thailand and the UAE
  • Negotiations are in progress to lock in strategic offtake agreements for the balance of the initial Great White plant output to further de-risk the project
  • This includes the Great White HRM™ concrete additive and Great White SRM™ suspension aid additive where a Letter of Intent for exclusive distribution rights into Asia/Pacific has already been signed with IMCD who are the world’s largest additives distributer


Link to Full Announcement


DISC: Held in SM and tiny amount in RL

Read More
#ASX Announcements
stale
Added 3 years ago

ADN has been in a bit of a holding pattern with the market awaiting the release of its feasibility study for their 'Great White Kaolin Project'. The stock was either going to rocket or drop like a stone and unfortunately the market was not happy with ADN down over 30% on the release of the report today.


https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02507548-2A1367308?access_token=83ff96335c2d45a094df02a206a39ff4

Read More
Valuation of $0.190
stale
Added 3 years ago
No earnings. Just projects that need capital
Read More
Valuation of $0.003
stale
Added 4 years ago
Who are their customers?
Read More