Andromeda Metals Ltd. announced that Iron Road and the company have entered into a non-binding MOU regarding the development of a deep, multi-commodity port at Cape Hardy. Andromeda has entered into the agreement as part of exploring a number of potential port development options to support the future growth across Andromeda's portfolio of projects on Eyre Peninsula, specifically the Mount Hope project. Andromeda is currently in the process of developing its Great White Kaolin- Halloysite project near Poochera on Eyre Peninsula and is progressing those plans through the use of existing ports on Eyre Peninsula.

With the growth of other regional businesses, agricultural output, aquiculture and mining, Andromeda considers its own plans and those of Eyre Peninsula will be better serviced with additional port facilities and supports the safe and sensitive development of such.