Andromeda Says Study Results Validates Commercialisation of Technology Using Project's Feedstock; Shares Rise 10%
MT Newswires Live
Sep 18, 2025
Andromeda Metals (ASX:ADN) said a scoping study at its Great white project supports the commercialization of the company's high-purity alumina (HPA) production technology using the project's kaolin feedstock, according to a Thursday filing with the Australian bourse.
The result also shows the HPA facility is capable of producing 10,000 tonnes per annum of HPA, at an operating cost of about $3,020 per tonne, the filing said.
About AU$159 million is required to develop the project, for which the company intends to seek investment, the filing said.
The company also plans to secure offtake partners for the product.
Shares of the company rose 10% in recent Thursday trade.
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