PERTH (miningweekly.com) – ASX-listed Andromeda Metals has entered into a memorandum of understanding (MoU) with fellow-listed Iron Road over the development of a deep, multi-commodity port at Cape Hardy, in South Australia.
The MoU would allow Andromeda to investigate options to establish an export facility at Cape Hardy for processed and unprocessed bulk commodities.
The company said that it entered into the agreement as part of the exploration of a number of potential port development options to support the future growth across its portfolio of projects in the Eyre Peninsula, specifically the Mount Hope project.
The company’s Great White kaolin/halloysite project, which is currently under development, will be served through existing ports. Once the project is in production, Andromeda was planning to develop its other greenfield projects in the region, and the proposed development of a deep-water port at Cape Hardy, and the proximity to Andromeda’s projects, represented an opportunity for future growth, Iron Road said in a statement.