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1.6¢ andromeda metals limited

Whilst ramp up to production maybe in stages the link to Wombats...

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Rhino1963

2,799 Posts.

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21/03/21

17:10

Post #: 51928573
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Originally posted by bcjk3: ↑

Mate it’s important to get this clarified. The DFS will likely be based on 500ktpa throughout for 233ktpa refined product. It will be ramped in stages as all mining projects are and my hope is that the first half (115ktpa or so) is to ceramics customers and the second half (115ktpa or so) is with paints/polymers customers.

I think this is obvious now because of the drilling at dorsal fin area of GW of ultra bight non halloysite kaolin and the testing of this product through the recently commissioned streaky bay pilot plant.

It makes no sense for them to sign up full ceramic off take partners when it will take months to ramp up the first few customers quota.

Realistically they have time to perfect the first train operationally and then sign the second train up with higher profile partners in paints/polymers/coating markets.

I do not think there will be DSO.

It will take at least 6 months to ramp and quality control the first train.

Mt Hope will be a copy paste job and hope to see a scoping study on this in 2021.

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Whilst ramp up to production maybe in stages the link to Wombats post show LOIs of nearly 1,000,000tpa

https://hotcopper.com.au/posts/51849662/single

ADN Price at posting: 41.0¢ Sentiment: Hold Disclosure: Held
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