Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Shareholder Meeting (November 2024)
23 slides from Andromeda Metals's shareholder meeting presentation, Nov 21, 2024
Slide 1: Annual General Meeting
Andromeda For personal use only Annual General Meeting 21 November 2024 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 Andromeda Metals Ltd
Slide 2: Disclaimer and Qualifications
Disclaimer and Qualifications This Presentation has been prepared by Andromeda Metals Limited (ACN 061 503 375) (Andromeda or Readers are cautioned against placing undue reliance on forward-looking statements. These forward-looking Company). By accessing this Presentation, you acknowledge that you h
Slide 3: Mineral Resources and Ore Reserve Estimates; Third party data
Mineral Resources and Ore Reserve Estimates Third party data from consultants and government agencies Information that relates to Ore Reserve Estimate has been previously announced to ASX on 6 April 2022, Andromeda has relied on information provided by specialist consultants and government agencies
Slide 4: Welcome to Country
Welcome to Country Andromeda recognises the Kaurna people of the Adelaide Plains and the For personal use only Wirangu people of South Australia’s Eyre Peninsula as the Traditional Owners and Custodians of the lands on which we operate. We pay our respect to Elders past and present, and recognise th
Slide 5: Acting CEO's Presentation
For personal use only Acting CEO’s Presentation Sarah Clarke, Acting CEO ASX:ADN andromet.com.au 5
Slide 6: Significant progress made over past 12-18 months
Significant progress made over past 12-18 months The Great White Project Building blocks are in place to deliver the GWP ✓ Long-Life, High-Quality Resource ✓ Strong Economics For personal use only Long-lead equipment ✓ High grade, in demand, premium products ✓ Mining Lease Granted ✓ Experienced Proj
Slide 7: Great White Project – Strong project fundamentals
Great White Project – Strong project fundamentals Project characteristics Project location ➢ Tier 1 asset located in the low-risk mining jurisdiction of South Australia, with all key South approvals to commence construction Australia ➢ High-grade 15.1Mt kaolin Ore Reserve1 supporting 28-year mine li
Slide 8: Stage 1A+ underpinned by binding offtakes
Stage 1A+ underpinned by binding offtakes Binding offtake agreements support Stage 1A+5 Overview of offtakers Wet metric tonnes per annum Offtaker Market Company and end uses Ongoing contracted volumes>> 100,000 ➢ Physical commodity trader focused on industrial Stage 1A+ cumulative nominal minerals
Slide 9: Stage 1A+ funding process underway
Stage 1A+ funding process underway • All anticipated key elements for Stage 1A+ financing process completed Appointed to secure a cornerstone • Stage 1A+ expected to be funded through a combination of debt For personal use only equity or other investment and equity • Competitive processes that are r
Slide 10: R&D rebates to assist with development funding
R&D rebates to assist with development funding Improved cashflow through assured ability to claim eligible R&D expenditure Advance Finding awarded by Australian Government1 For personal use only ➢ Advance Finding awarded by AusIndustry over research and development activities ➢ Enables claiming of r
Slide 11: Cash saving initiatives
Cash saving initiatives Over $1.5 million in temporary cash saving initiatives to the end of the financial year Cash Saving Initiatives For personal use only ➢ Mick Wilkes has decided not to receive ➢ Salary savings from take-up by eligible staff any director fees until the Project is fully of ZEPOS
Slide 12: Conventional mining with flexible processing delivering multiple products
Conventional mining with flexible processing delivering multiple products CRM TMP stockpiles * Mining (high/medium/low) • Ore body is shallow with a low strip ratio. CRM TMT stockpiles ROM blending/feed Mining • Mining of ore will be predominantly free dig operation (60 tonne (high/medium/low) ores
Slide 13: Preparations ahead of planned construction
Preparations ahead of planned construction ✓ Freehold land purchased ✓ Drum washer built ✓ Thickener built ✓ Centrifuge purchased For personal use only ✓ Fluidised bed dryer built ✓ Filter press built ✓ Cake feeder designed ✓ Engineering design 13
Slide 14: Virtual Build of the Processing Plant
Virtual Build of the Processing Plant For personal use only 14
Slide 15: Strongly positioned as funding discussions progress
Strongly positioned as funding discussions progress 1 Shovel-ready project located in a low-risk mining jurisdiction For personal use only 2 Robust project economics with long mine life of 28 years 3 De-risked development with offtakes secured 4 Conventional mining, low strip ratio and flexible proc
Slide 16: Kaolin Market Opportunities
For personal use only Kaolin Market Opportunities Miguel Galindo ASX:ADN andromet.com.au 16
Slide 17: Miguel Galindo, incoming Non-Executive Director
Miguel Galindo, incoming Non-Executive Director ➢ Chemical engineer and globally recognised expert in industrial minerals and ceramics ➢ Over 25 years’ experience at Rio Tinto in operations, sales and marketing and management ➢ Founder and CEO of Galesk Consultancy with clients in Europe, America, A
Slide 18: Andromeda's Superior Market Positioning
Andromeda’s Superior Market Positioning * ➢ Growing use of kaolin across increasing range of high-performance applications ➢ Ongoing depletion of high-quality kaolin sources Quality increases For personal use only ➢ Shortages of high-quality kaolin exacerbated by geopolitical factors (war in Ukraine
Slide 19: Market Opportunities
Market Opportunities * Blending ➢ Ceramic properties from Kaolin are mostly additive Quality increases For personal use only ➢ This means that mid-quality kaolins can be formulated from blends of high and low quality kaolins ➢ Opportunity for Great White CRM to be used to improve the quality of loca
Slide 20: Continua+ ceramic tile process for countertops
Continua+ ceramic tile process for countertops SACMI ➢ Leading technology For personal use only provider globally to manufacturers of ceramic tiles/slabs ➢ Italy and Spain are leaders for global ceramics technology ➢ Andromeda is tested and qualified as a supplier ➢ Opportunity for GWP’s products be
Slide 21: Summary
Summary • Right product right time – supply of high-quality kaolin tight and tightening For personal use only • Product validated at key end users and SACMI • Opening new opportunities in blends and other applications Source: 21
Slide 22: Other Questions
For personal use only Other Questions ASX:ADN andromet.com.au 22
Slide 23: Annual General Meeting
Andromeda For personal use only Annual General Meeting 21 November 2024 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 Andromeda Metals Ltd
Andromeda Metals — Shareholder Meeting (November 2024) on 6ix