Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Investor Presentation (September 2024)
17 slides from Andromeda Metals's investor presentation, Sep 25, 2024
Slide 1: Investor Briefing: Moving Forward
Andromeda For personal use only The Great White Mineral Company Investor Briefing: Moving Forward 25 September 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 Directors of Andromeda Metals Ltd
Slide 2: Disclaimer and Qualifications
Disclaimer and Qualifications Readers are cautioned against placing undue reliance on forward-looking statements. These forward-looking This presentation contains summary information about Andromeda, and its activities current only at the date statements are not guarantees of future performance and
Slide 3: Mineral Resources and Ore Reserve Estimates
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, "Great White Kaolin Project –Definitive Feasibility Study and Updated Ore Reserve. Andromeda co
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: Introduction
Introduction An experienced team with the skills to fund and build the GWP Highly experienced Board For personal use only and management team who have funded, built and delivered successful projects Dedicated project team Sue-Ann Higgins Sarah Clarke led by Joe Ranford Executive Chair Acting CEO
Slide 6: Stage 1A+ execution
Stage 1A+ execution Defined development plan to be executed by Andromeda’s experienced Project Team Stage 1A+ design and construction will be executed under an owner direct managed strategy by a dedicated Project Team, delivering: • an integration of design, procurement, construction, quality, commi
Slide 7: Great White Project
Great White Project Development-ready, with funding discussions actively underway The Great White Project Building blocks are in place to deliver the GWP Long-Life, High-Quality Resource For personal use only Strong Economics Long-lead equipment High grade, in demand, premium products Mining
Slide 8: The Kaolin Market
The Kaolin Market In-demand, globally important industrial mineral Large, Diversified Global Market Strong Pricing Dynamics • Large global market: ~30Mtpa, US$4.4 billion characterised by consistent, low- • Product-driven market with large quality and price volatility growth of 4.7% CAGR1 differenti
Slide 9: Premium Product Positioning
Premium Product Positioning Positioned to be the industrial mineral of choice in the global ceramics market Great White CRM properties and applications1 For personal use only High brightness is retained in Top 3 Iron/Alumina ratio high temperatures, with very High dry mechanical strength is Zircon-r
Slide 10: Andromeda's Target Markets
Andromeda’s Target Markets High quality kaolin products for premium ceramics Validated premium ceramic kaolins for use in ceramic formulations to deliver premium products Ceramic Product: Great White CRM T Engobe & Frits* A refined high-quality product for the high-end • application opportunities fo
Slide 11: Binding Offtakes Underpin Stage 1A+
Binding Offtakes Underpin Stage 1A+ Agreements for Andromeda’s premium ceramic kaolin Company and end Binding Offtake Agreements supporting Stage 1A+ production capacity5 Offtaker Market uses Physical commodity trader Ongoing contracted volumes>> focused on industrial minerals. Operations covering 2
Slide 12: Dig it, Shake it, Dry it, Bag it and Ship it!
Dig it, Shake it, Dry it, Bag it and Ship it! Conventional mining with flexible processing delivering multiple products CRM TMP stockpiles * Mining (high/medium/low) • Ore body is shallow with a low strip ratio. For personal use only CRM TMT stockpiles ROM blending/feed Mining • Mining of ore will b
Slide 13: Strong Economics
Strong Economics Each stage of development is profitable on a standalone basis 3-Stage Development with Robust Economics (NPV 8, real post-tax)1 From Stage 2, Project will generate $140m Stage 2 ≅ 120,000 wmt pa annual EBITDA for 22 years Capex $53m Cumulative LOM NPV/IRR >>> $763m 43% p.a. NPV(8)*
Slide 14: Products in Development
Products in Development Focus on developing higher margin products, targeting key industry needs Great White HRMTM High-Purity Alumina (HPA) Additive to Decarbonise Concrete Critical Mineral 1kg of product in standard concrete mixes Usage in manufacturing of LED lighting, synthetic For personal use
Slide 15: Regional Resources Support Future Growth
Regional Resources Support Future Growth Deposit and exploration upside support commercial optionality & potential future value JORC Resources of ~170 Mt 1,2,3,4,5 across 4,193 km2 of regional exploration tenements For personal use only ISO B Al2O3 Fe2O3 TiO2 Halloysite Tonnes -45 µm KAOLIN DEPOSIT
Slide 16: Pathway to Stage 1A+ Development
Pathway to Stage 1A+ Development Foundations in place to move towards FID • All anticipated key elements to support a funding process for Stage 1A+ have been completed: All Approvals in place to commence construction Stage 1A+ Development Funding For personal use only Feasibility Studies complet
Slide 17: Strong Project Fundamentals
Strong Project Fundamentals High-grade, development-ready project with funding discussions underway • The Great White Project (TGWP): high-grade kaolin asset delivering premium products over a 28-year mine life • Strong economics: $763m post-tax NPV8; 43% IRR; $140m average annual EBITDA Tier 1 Proj
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