It's DFS and Great White Project Studies. Essentially the $6M is covering (guessing):
They also need to rework the mine plan so that they are able to access the Dorsal Fin part of the resource earlier in the project. This is the part of the resource where the feed for the Paints & Coatings product is coming from. This area is outside the 2020 PFS Pit Shell.
- Modifications to design of plant for the DFS (designing changes to plant for the paints & coatings product, adding a large magnet to aid purification, adding a product bagging area, sourcing multiple quotes for equipment, reworking cost models)
- Scoping-level studies for HPA (would include testwork, project design work, sourcing quotes, financial modelling)
- Scoping-level studies for Concrete Rheology Modifier (would include test work, preliminary designs for modifications to plant, financial modelling)
https://www.andromet.com.au/assets/20201126a_Great_White_Resource_Update_FINAL_incl_Table_1.pdf
Mine plan in Ore Reserve statement:
https://www.andromet.com.au/assets/20200710_Careys_Well_Ore_Reserve_FINAL_to_ASX.pdf
Ann: Share Purchase Plan Offer Documents, page-76
Add ADN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.7¢ |
Change
0.002(13.3%) |
Mkt cap ! $52.87M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.7¢ | 1.6¢ | $3.663K | 228.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1912614 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 2941469 | 7 |
View Market Depth
| Last trade - 15.54pm 04/07/2024 (20 minute delay) ? |
| ADN (ASX) Chart |