James Marsh of Andromeda Metals Ltd (ASX: ADN) is leading investors through a definitive feasibility study for the Great White Kaolin project in South Australia. The reference case study envisions a multi-stage approach to commissioning the kaolin deposit over a 28-year lifespan. Financially, the study describes a pre-tax net present value of $613 million, an internal rate of return of 36% and a payback period of six years. Although Great White will start making a profit in its second year, the plan is to reinvest the profits into expanding and improving the kaolin plant. Great White will need around $90 million to enter service, and Andromeda is here to make that dream a reality as it strives to gain environmental approval before the end of the year.

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