ANDROMEDA METALS LIMITED Andromeda Metals Limited announced progress for its Great White Kaolin Project (GWKP or Project) on the Eyre Peninsula, SA, with the signing of land purchase agreements (Agreements) and the lodgement of its Program for Environment Protection. Highlights: The Agreements and lodgement of the PEPR significantly de-risk the Project's development and increases confidence for the approaching investment phase. Andromeda has signed Agreements to acquire all the required freehold land from relevant freehold landowners for the Project to proceed.
The Agreements each include a waiver for Exempt Land under the Mining Act 1971 (Waivers), which allow for the commencement of authorised operations and facilitate the transition to construction following approval of the PEPR. Andromeda has lodged its PEPR documentation with South Australia's Department for Energy and Mining (DEM) for assessment and approval. The Agreements and PEPR are the result of ongoing consultation with the landowners and Eyre Peninsula community.
South Australian legislation consists of a two-part assessment and approval process to conduct mining operations. The first step was achieved with the granting of Mining Lease (ML) 6532 and Miscellaneous Purposes Licence (MPL) 164 granted on 17 December 2021 (Great White Kaolin Project Mining Lease Granted dated 17 December 2021) to Andromeda's subsidiaries Andromeda Industrial Minerals Pty Ltd. (75%) and Great Southern Kaolin Pty Ltd. (25%). The submission of the PEPR is the second phase of the assessment process.
The Agreements include the purchase of the freehold land underlying ML 6532 and MPL 164. Under the terms of the Agreements, the private land within ML 6532 and MPL 164 will be subdivided, and existing property boundaries realigned for the sale. Each Agreement includes a waiver for Exempt Land (under the Mining Act 1971), as required for the commencement of authorised operations.
Securing the Agreements enables Andromeda access to proceed with pioneering work to establish the site prior to construction once the PEPR is approved.
