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Andromeda Metals Limited (ASX:ADN)

ALERT: Price-sensitive ASX Announcement for ADN
Current share price for ADN : $0.007 -0.007 (-50%)+
Announcement
Release
30 Oct 2025 10:13AM
Price at Release
$0.014
Full Release
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Summary
Andromeda Metals Limited reported its quarterly activities and Appendix 5B cash flow for the quarter ending 30 September 2025. The company made significant progress in project funding, including a $75 million credit approved debt facility with Merricks Capital. Additionally, Andromeda is advancing its High Purity Alumina (HPA) project, which has shown promising economics in a recent Scoping Study. The study indicated a Net Present Value (NPV) of approximately $1.48 billion pre-tax and detailed plans for a processing facility. The report also highlighted an exploration and evaluation expenditure of $1,197,000 for the quarter and detailed ongoing discussions for equity investment to support the Great White Project and HPA Project. Andromeda also issued new shares, raising $13 million through a successful placement.
Key Points
  • Progress in obtaining $75 million debt facility with Merricks Capital
  • Scoping Study for HPA project indicates strong economics
  • Exploration and evaluation expenditure of $1,197,000
  • Share placement raised $13 million
  • Advancements in project funding and equity investment discussions
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.