Andromeda Metals Ltd (ASX:ADN) has opted to simplify its organisational structure following a strategic review of the company’s corporate positioning and business strategy.
In the interest of creating a more sustainable business foundation prior to a final investment decision (FID) for the Great White Kaolin Project in South Australia, sales and marketing executive director James Marsh and chief commercial officer Tim Anderson will depart the company on November 17, 2023.
Sustainable foundation for success
“These changes streamline the business and create a solid and sustainable foundation for long-term success,” Andromeda Metals CEO and managing director Bob Katsiouleris said.
“We continue making progress in advancing the Great White Project, through refining our development and funding plans ahead of an anticipated final investment decision being made.”
Katsiouleris will fill the two roles in the interim until an appropriate candidate who can perform both functions can be found – expected to be in early 2024.
The Great White Project is a large halloysite-kaolin deposit in South Australia, which boasts a 34.6-million-tonne resource and a 28-year life of mine.
With approval for both the Program for Environment and Rehabilitation (PEPR) for the Great White Project from South Australia’s Department for Energy and Mining (DEM), and binding land access agreements already in place, ADN is poised to make its FID.