GWP Bond Lodged and Early Works Commence
| Stock | Andromeda Metals Ltd (ADN.ASX) |
|---|---|
| Release Time | 24 Nov 2025, 11:56 a.m. |
| Price Sensitive | Yes |
GWP Bond Lodged and Early Works Commence
- $3.79 million rehabilitation bond registered with Department for Energy and Mining
- $670k paid to Native Vegetation Fund to satisfy Significant Environmental Benefit obligations
- Early Works commenced, including site preparation, mine access road, Grade Control Drilling, and Geotechnical Drilling
Andromeda Metals Limited (ASX: ADN) has announced that the $3.79 million rehabilitation bond has been registered with the Department for Energy and Mining, and a payment of $670k has been made to the Native Vegetation Fund to satisfy the Significant Environmental Benefit obligations. This allows site works to commence at the Great White Project (GWP). Early Works at the Project are now commencing, initially with site preparation activities. The Early Works will also include the construction of the mine access road and bulk earthworks for the Stage 1A+ processing plant, Grade Control Drilling, and Geotechnical Drilling. Additionally, Engineering Detailed Design for the processing plant and water infrastructure is being finalised, and arrangements are progressing for the transport of key long-lead equipment items to Australia. The Company has engaged with its local stakeholders, advising them of the Early Works activities in advance of their commencement, with further community meetings planned this week. Andromeda remains committed to regulatory compliance and transparent communications, and will update relevant stakeholders as and when required.
Andromeda looks forward to progressing the development of the Great White Project with the aim of making a meaningful contribution to the local community and South Australia economy.