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- Andromeda Metals (ADN) signs a legally binding offtake agreement with Japanese porcelain and ceramics manufacturer Plantan Yamada
- The agreement solidifies the relationship to delivering kaolin from Andromeda’s Great White project into the Japanese market
- The agreement includes the delivery of 25,000 tonnes of high-quality kaolin in the first three years
- The Plantan Yamada agreement follows an offtake agreement this week with China’s Foshan Gaoming Xing-Yuan Machinery Co. for the supply of 115,000 tonnes of Great White CRM over five years
- Shares are up 1.28 per cent, trading at four cents at 2:45 pm AEST
Andromeda Metals (ADN) has signed a legally binding offtake agreement with Japanese porcelain and ceramics manufacturer Plantan Yamada.
The agreement will solidify the relationship to deliver kaolin from Andromeda’s Great White project into the Japanese market.
The agreement will include the delivery of 25,000 tonnes of high-quality kaolin in the first three years of production.
“This agreement with a highly respected, multi-generational Japanese porcelain producer fits the company’s strategic positioning and commercial strategy, in response to the tightening of global markets for high-quality kaolin,” CEO and Managing Director Bob Katsiouleris said.
The Plantan Yamada agreement follows an offtake agreement this week with China’s Foshan Gaoming Xing-Yuan Machinery Co for the supply of 115,000 tonnes of Great White CRM over five years.
“This agreement with Yamada Plantan, together with the one signed recently with Foshan Gaoming, demonstrate the elevated level of interest for sales of kaolin from The Great White project given the increasing scarcity, particularly of high-quality kaolin, in international markets and geographies.”
ADN was up 1.28 per cent, trading at four cents at 2:45 pm AEST.
