Andromeda Metals (ASX:ADN) is continuing to engage with Foshan Gaoming Xing-Yuan Machinery Co. Ltd, which is located in Chinese ceramics production base in Gaoming district, in the Guangdong Province.
Talks remain ongoing despite both parties signing a term sheet to enter into an offtake and marketing agreement by 30 September 2023.
Andromeda says the long form offtake and marketing agreement is being progressed, incorporating additional provisions.
The signed term sheet initially was for 120,000 tonnes of kaolin products to be exported into the Chinese market.
Andromeda Metals is an ASX-listed emerging industrial minerals producer with a vision to lead the world in the sustainable supply of superior quality industrial minerals.
The company’s Great White Project resources continue to grow to meet the growing long-term demand for kaolin, expanding its range of high-margin kaolin-based products and developing new technologies at the forefront of science, and essential to building a more sustainable future.
Andromeda’s kaolin deposits are located in South Australia’s Eyre Peninsula, a tier one mining jurisdiction, and contain some of the highest purity kaolin ever discovered.
Kaolin has been used in ceramics production for centuries because of its unique properties as a bright white inert mineral with very fine particle size. In addition to ceramics, today, kaolin can be found in a range of everyday products, including ceramic tiles, porcelain tableware, cosmetics, paint, rubber, medicines, paper, pesticides, orthodontics, orthopedics, and plastics.
Every modern home and car contain kaolin in some form.
Write to Adam Orlando at Mining.com.au
Images: Andromeda Metals
