Andromeda Metals Limited (AU:ADN) has released an update.
Andromeda Metals Limited accelerates the expansion of The Great White Project, increasing planned production capacity from 50,000 to 90,000 tonnes per year in response to higher-than-expected sales volumes. The company expects further increases in sales through ongoing advanced negotiations, resulting in a $64 million rise in the project’s pre-tax net present value. This expansion will see the project reach its full potential of 300,000 tonnes per annum more quickly than initially planned.
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