Andromeda Metals jumps on inking key five-year offtake agreement with global customer for Great White kaolin
Andromeda shares were as much as 28% higher to 27.5 cents after the ASX-lister secured a five-year kaolin offtake agreement with global customer, Jiangsu Mineral Sources International Trading Co Ltd.
Andromeda Metals has secured a binding, five-year offtake agreement for kaolin produced at the Great White JV project.
Andromeda Metals Ltd (ASX:ADN) has inked an offtake agreement with a major Chinese commodity trading house for kaolin produced at the Great White Kaolin Project JV with Minotaur Exploration Ltd (ASX:MEP).
Under the binding deal, Jiangsu Mineral Sources International Trading Co Ltd (MSI) will take around 70,000 tonnes of refined, ultra-bright, high-purity kaolin from the South Australian project every year for the next five years.