Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Investor Presentation (November 2023)
21 slides from Andromeda Metals's investor presentation, Nov 16, 2023
Slide 1: Investor Update
Andromeda For personal use only The Great White Mineral Company Investor Update 16 November 2023 ASX:ADN andromet.com.au Lev el 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 No warranty No investment or financial product advice While care has been taken in preparing the information in this presentation, no representation or w arranty, express or The information contained in this presentation does not constitute investment advice or financia
Slide 3: Acknowledgement of Country
Acknowledgement of Country For personal use only Andromeda recognises the Traditional Custodians whose land we are gathered here today, the Gadigal people of the Eora Nation, and on the lands on which Andromeda operates, being the Kaurna people of the Adelaide Plains and the Wirangu people of South
Slide 4: Agenda
Agenda 1. 2023 DFS – Compelling Project economics For personal use only 2. Outcomes from September meetings in Europe 3. Indian market and the Heads of Agreement signed with Opaque Ceramics 4. Technical Marketing of Great White CRM™ 5. Commercialisation of Great White HRM™ 6. Chairlift – Inaugural M
Slide 5: 2023 DFS – Compelling Project Economics
2023 DFS – Compelling Project Economics Resetting the Enterprise Value of The Great White Project 2022 DFS 2023 DFS $613 million NPV8 $1,010 million +65% Enhanced product portfolio and pricing environment $4,706 Revenue $6,207 million +32% has resulted in revenue increase of 32% to $6.2 billion Kaol
Slide 6: Outcomes from September meetings in Europe
Outcomes from September meetings in Europe Discussions centred on CERSAIE Ceramics Conference in Bologna, Italy Discussions progressed For personal use only based on LOI received from Iberoclays – discussions targeting 15,000-20,000 tpa during the first 3 years of production. South-East Asia – quali
Slide 7: Global Markets - India
Global Markets - India Favourable freight rates and free trade1 agreement make India an attractive market Key Target Markets For personal use only • Second largest ceramics market in the world 2 • Ceramic tile production in 2024 forecast to be 3.3 billion square metres, with CAGR of 9-10% • India’s
Slide 8: Global Markets - India
Global Markets - India Ceramic tiles: India in the Top 3, with impressive export1 growth For personal use only Country Country (CAGR 2018-22) Country (CAGR 2017-22) (CAGR 2017-22) Total Total Total Global Global Global 16,762 2,770 16,377 Measured in million square metres 8 1 Data from "World produc
Slide 9: India – Heads of Agreement signed with Opaque Ceramics
India – Heads of Agreement signed with Opaque Ceramics Non-binding agreement for discussions on distribution and new product development Sale and Distribution of Great White CRM™ New Product Development For personal use only • 5,000-10,000 wmt p.a. of Great White CRM™ • New product development, util
Slide 10: Global Markets - Europe
Global Markets - Europe Italian and Spanish markets remain key to acceptance in premium segments ITALY For personal use only • Qualifications with all the Tier 1 super white porcelain Country (CAGR 2018-22) tile producers • Approved for formulations with Tier 1 technology supplier SPAIN • Finalising
Slide 11: Technical Marketing of Great White CRM™
Technical Marketing of Great White CRM™ Previously identified opportunity for zircon-replacement For personal use only Great White CRMTM 11 Edited from source: Strateg-on Business Consultancy
Slide 12: Technical Marketing of Great White CRM™
Technical Marketing of Great White CRM™ Test results confirm superior performance in key market segments CERAMIC TILE BODY CERAMIC GLAZE ZIRCON-REPLACEMENT POTENTIAL For personal use only • Great White CRM TM (and Great White KCM TM 90) • Validated for use in blends where Great White tested in glaze
Slide 13: Technical Marketing of Great White CRM™ – Next Steps
Technical Marketing of Great White CRM™ Next Steps • Additional Institute of Ceramic Technology (ITC) study commissioned to independently For personal use only validate zircon replacement potential. Results expected by end of December 2023 • Further leveraging ITC partner and sponsor relationships t
Slide 14: Positioned to be the industrial mineral of choice in the global ceramics market
Positioned to be the industrial mineral of choice in the global ceramics market Great White CRM™ For personal use only properties and applications1 High brightness is retained in Top 3 Iron/Alumina ratio high temperatures, with very High dry mechanical strength is Zircon-replacement potential in (Fe
Slide 15: Great White HRM™ commercialisation
Great White HRM™ commercialisation Strategic Alliance Agreement signed with Hallett Group STRATEGIC ALLIANCE – Intent to commercialise Great White HRM™ Hallett Group’s Green Cement Transformation Project – with location of The Great White Project • Develop the market in Australia for Great White HRM
Slide 16: Chairlift – Inaugural Mineral Resource Estimate
Chairlift – Inaugural Mineral Resource Estimate Expanding high-quality opportunities through regional exploration CHAIRLIFT1 For personal use only • Combined Inferred Resource of 53.5 million tonnes (Mt): • 27.0 Mt of Bright White, low titanium kaolinised granite (Chairlift CRM) • 26.5 Mt of rheolog
Slide 17: Chairlift – Inaugural Mineral Resource Estimate
Chairlift – Inaugural Mineral Resource Estimate Demonstrated high-brightness and suitability as a rheology modifier Chairlift CRM – coloured by ISO Brightness (ISO B) Chairlift HRM – coloured by Rheology Index For personal use only 17
Slide 18: Stage 1A Processing Plant
Stage 1A Processing Plant Design and procurement readiness ahead of planned construction Long lead items ✓ Ordered For personal use only • Dryer • Thickener ✓ Ordered • Drum washer ✓ Ordered • Filter press ✓ Ordered • Filter cake feeder ✓ Ordered All items scheduled to arrive according to revised an
Slide 19: Update on other projects
Update on other projects Divestment of non-core assets and tenements Drummond Epithermal Gold Project For personal use only • Sale to Trigg Minerals Limited – COMPLETED • 29.5 million shares (valued at $295,000) allotted, as consideration and reimbursement of expenses • Upfront payment of $27,000 in
Slide 20: Next Steps
Next Steps For personal use only • HRM commercialisation aligned with market opportunities in South Australia and Hallett Group portfolio of projects • Cost/benefit analysis of potential expansion from 50ktpa to 100ktpa (Stage 1A+), based on market demand, including the inclusion of India market • W
Slide 21: Andromeda – 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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