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0.7¢ andromeda metals limited

Ann: Great White Kaolin Project - Mining Lease Granted, page-105

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18/12/21

14:16

Post #: 58385927
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Originally posted by ChinaGold: ↑

Always good to read the release...

Under South Australian legislation, prior to granting a ML and/or MPL, the Minister for Energy and
Mining must notify the applicant of the proposed terms and conditions. The applicant then has an
opportunity to accept or may make submissions on those terms and conditions before the Minister
finalises them and formally grants the tenement(s).
Andromeda considered and was satisfied with the terms and conditions of the tenements and
advised DEM that it had no submissions to make. This will reduce the timing associated with the next
stage of the approval process.

Andromeda will submit a Program for Environment Protection and Rehabilitation (PEPR) to DEM for
subsequent approval. Both the tenements and PEPR approvals are required to allow the Project to
progress to the construction phase which is anticipated during 2022. Considerable components of
the ML application and MLA will be used in preparation of the PEPR, which will assist in completing
the PEPR in the scheduled timeframe.

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I'd be very surprised if manage the are not deep into the preparation of the PEPR and it's submitted early in the new year.

ADN Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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