Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Critical Minerals Australia Conference 2026
17 slides from Andromeda Metals's conference presentation, May 20, 2026
Slide 1: Critical Minerals Australia Conference
Andromeda For personal use only Critical Minerals Australia Conference Perth 20 May 2026 ASX:ADN andromet.com.au Level 10, 431 King William Street, Adelaide, South Australia 5000 +61 8 7089 9800 Authorised for release by the Board of Directors of Andromeda Metals Ltd
Slide 2: Disclaimers and Important Information
Disclaimers and Important Information This presentation contains summary information about Andromeda, and its activities current only at the date of this presentation. Information in this presentation which is attributed to, or derived from, a third-party source has not been independently checked or
Slide 3: Australia's next leading industrial & critical minerals company
Australia’s next leading industrial & critical minerals company Andromeda is advancing two high-value projects, leveraging its high-quality kaolin resource Development ready industrial minerals platform with pathway into critical minerals 1 The Great White Project: development ready 2 High Purity Al
Slide 4: High-grade kaolin project - de-risked and ready to develop
Australia’s next leading industrial & critical minerals company High-grade kaolin project - de-risked and ready to develop 1 The Great White Project: development ready For personal use only • High-grade kaolin project delivering premium ceramic kaolin products in 3 stages over a 28-year mine life o
Slide 5: Unlocking Critical Minerals from a High-Quality Kaolin Resource
Australia’s next leading industrial & critical minerals company Unlocking Critical Minerals from a High–Quality Kaolin Resource 2 High Purity Alumina Project For personal use only • Andromeda has developed a proprietary process to produce high purity alumina from kaolin • Great White kaolin has low
Slide 6: What is HPA and why does purity matter?
What is HPA and why does purity matter? Product Characteristics Desired Properties • Aluminium oxide (Al2O3) is a white mineral provided in a • Ultra-pure grades (5N and 6N) are essential in variety of forms and classified by purity semiconductors, light-emitting diodes (LED), and battery For person
Slide 7: What is HPA used for?
What is HPA used for? HPA underpins the global transition to low-carbon and energy efficient technologies High Growth End-Use Markets1 Competing 3N-5N HPA Demand by End Use1 For personal use only Light-emitting diodes (LEDs) Lithium-ion battery (LIB) separators Sapphire Phosphor Polishing & glass ap
Slide 8: Next generation HPA applications
Next generation HPA applications HPA is used in next generation applications, including data centres powering AI, aerospace and defence1 For personal use only Data centres powering AI Aerospace Defence Synthetic Sapphire for Armored Vehicles and Defence Aerospace and Optical and Semiconductors and M
Slide 9: Why is HPA a critical mineral?
Why is HPA a critical mineral? HPA is classified as a Critical Mineral in Australia, the USA and Europe3. Emerging Supply Deficit1 Concentration of supply2 • Demand driven by growth in advanced technology For personal use only Canada Australia applications – semi-conductors, LEDs, lithium-ion batter
Slide 10: Driving increased price expectations for 4N+ HPA
Driving increased price expectations for 4N+ HPA1,2 Market Pricing Price Forecast 2025 - 2030 • No benchmark pricing – HPA priced based on its value USD40 For personal use only 39.2 for specific end-use applications. • Forecast ranges for nominal prices can therefore be USD35 wide. 30.7 31.1 USD30 o
Slide 11: How is HPA traditionally produced?
How is HPA traditionally produced? Traditionally, HPA has been primarily produced via Aluminium Alkoxide Process using aluminium feedstock Constraints of this process • High-priced aluminium metal feedstock For personal use only Aluminium Alkoxide Bauxite Calcination HPA metal Process • Energy-inten
Slide 12: Opportunity to become a leading global supplier of low-cost, low-carbon HPA
Opportunity for Andromeda to become a leading global supplier of low-cost, low-carbon HPA Andromeda’s High-Quality Andromeda’s Novel HPA Low-cost, Kaolin Process lower-carbon HPA1 For personal use only High-quality kaolin from GWP is Use of established, proven Flexible product forms ideally su
Slide 13: HPA Scoping Study
HPA Scoping Study Market-leading economics in a growing critical mineral market • Justifies the commercialisation of Andromeda’s innovative HPA production technology capable Path to commercialisation Scoping of producing HPA from kaolin to 99.9985% purity (4N+) Study • HPA Processing Facility capabl
Slide 14: Scoping Study Results
Scoping Study Results Potential to become a leading global producer of low-cost, low-carbon HPA AUD USD Market-Leading Economics Target Production 10,000 tpa $70,000 Capital Intensity (USD/t) $66,133 $60,000 For personal use only NPV10 (pre-tax) $1,480 million US$947 million $50,000 $40,000 $37,104
Slide 15: HPA pilot-scale testwork underway
HPA pilot-scale testwork underway1 • Next phase of commercialisation • Optimisation of flowsheet for continuous HPA production • Production of 4N HPA samples for commercial evaluation by HPA Production of potential customers For personal use only Commercialisation commercial Pathway • Innovative pro
Slide 16: HPA Project – Next Steps
HPA Project – Next Steps The outcomes of the Scoping Study warrant progressing the HPA Project to the next phase of the workplan. Next steps, subject to funding and approvals: 1 2 3 4 5 For personal use only Continuous Evaluation by Define target Development Pre-Feasibility pilot scale potential mar
Slide 17: The Great White Mineral Company
Andromeda For personal use only The Great White Mineral Company For more information about the Company, please visit our website, www.andromet.com.au or contact: Patrick Sinclair Manager, Investor Relations & Corporate Affairs T: 08 7089 9819 M: 0403 708 431 E: Patrick.Sinclair@andromet.com.au
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