ADN 10.5% 1.7¢ andromeda metals limited

The PFS noted that total capital costs would be $84M (page...

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    The PFS noted that total capital costs would be $84M (page 3-4):

    Initial Capital Costs $13M
    Working Capital $15M
    Processing Plant Costs $56M

    Total Capital Costs $84M

    Previously the Processing Plant was $35m in the Scoping Study - the increase is due to moving from Dry Processing to Wet Processing, plus the addition of a Drying Plant to ensure transport-appropriate water content. This does not appear to include a centrifuge to separate halloysite from kaolin, so additional costs should be expected - in the low $ millions only I would guess.

    DYOR

 
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