ADN 14.3% 0.8¢ andromeda metals limited

Price target (long-term) - $0.388 based on 307 kt, page-84

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    ASX ann. 30/9/19
    Scoping Study.

    " Based on preliminary studies to date and the anticipated project impacts, it is expected the main environmental approval will be by a Mining Proposal submitted to the Dept. for Energy and Mines. Preparation of approvals documentation for submission to various regulatory agencies is being planned to occur through mid to late 2020, and the approval process is currently anticipated to be completed by mid 2021. "

    Once approvals have been granted then infrastructure and mining preparations can begin.
    Meaning production most likely commencing late 2021 or 2022.
 
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