Interview with Bob Katsiouleris, CEO & Managing Director of Andromeda Metals (ASX:ADN)
Our previous interview: https://youtu.be/nNkN50aWSGc
Recording date: 31st August 2023
Andromeda Metals is an Australian mineral exploration company developing its 100% owned Great White Kaolin Project in South Australia, which has a large high quality kaolin and halloysite resource. The company recently completed an updated 2023 Definitive Feasibility Study (DFS) for the project, which showed improved economics compared to the 2022 DFS, including a 65% increase in NPV to $1.01 billion and 59% increase in average annual EBITDA to $130 million. The DFS outlines a 4-stage development plan to ramp up production capacity to 300,000 tonnes per annum of high value kaolin products over 28 years. Andromeda has secured offtake agreements for its key halloysite and kaolin products and is progressing funding discussions to start construction on the first stage by end of 2023, with first production targeted for October 2024. The company aims to capitalize on the tightening global supply and growing demand for high quality kaolin.
