Andromeda Metals (ASX:ADN) and Minotaur Exploration (ASX:MEP) book savings for Great White Kaolin Project
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Andromeda Metals (ADN) and Minotaur Exploration s (MEP) Great White Kaolin Project has been determined as a new mine and therefore granted a concessional royalty rate
A rate of 2 per cent, instead of 3.5 per cent, will be applied on any material produced at the South Australian project up until June 30, 2026, saving the project partners approximately $9 million
Andromeda also expects to submit the mining lease application for the Great White Kaolin Project next month and complete the Definitive Feasibility Study in the second quarter of 2021