Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Shareholder Meeting (November 2021)
22 slides from Andromeda Metals's shareholder meeting presentation, Nov 25, 2021
Slide 1: Great White Kaolin Project
For personal use only Great White Kaolin Project Eyre Peninsula, South Australia Nov 25, 2021 ASX:ADN An emerging industrial minerals producer andromet.com.au with numerous potential value chains 1
Slide 2: Corporate overview
Corporate overview ASX:ADN| andromet.com.au For personal use only $410M $46M* *30 Sep 2021 $0M 2,483M $0.165 MARKET CASH DEBT FULLY PAID CURRENT SHARE CAPITALISATION ORDINARY SHARES PRICE $0.50 90 Board members $0.45 80 • Rhod Grivas $0.40 70 Non-Executive Chairman $0.35 60 • James Marsh $0.30 50 Ma
Slide 3: Acquisition of Minotaur: Transaction Summary
Acquisition of Minotaur Transaction Summary ASX:ADN| andromet.com.au For personal use only Andromeda and Minotaur to combine and create a leading Australian industrial minerals and technology company Andromeda Pro-Forma Ownership Minotaur, • Andromeda to acquire Minotaur via an unanimously recommend
Slide 4: Key Benefits for Andromeda and Minotaur Shareholders
Acquisition of Minotaur Key Benefits for Andromeda and Minotaur Shareholders ASX:ADN| andromet.com.au For personal use only First Commercial Products to Market by late 2022 • Accretive Transaction – Increases Andromeda shareholders’ effective equity interest in Great White and Natural Nanotech and p
Slide 5: Andromeda's core assets
Andromeda’s core assets ASX:ADN| andromet.com.au For personal use only KAOLIN and HALLOYSITE-KAOLIN Great White JV (75% ADN:25% MEP) Mount Hope 100% All in South Eyre Kaolin 100% Australia >100Mt of JORC Resources1,2,3,4 Legacy Project Assets • Alford Copper JV - SA • Eyre Peninsula Gold JV - SA • D
Slide 6: Great White Kaolin Project
Great White Kaolin Project Primary project focus – Halloysite-Kaolin ASX:ADN| andromet.com.au For personal use only Primary Project Focus – Halloysite-Kaolin • Operations scheduled to start in 2022 • Legally Binding Offtakes underpinning the business • Current demand exceeding initial planned produc
Slide 7: Mine and Plant Plan
Mine and Plant Plan Primary project focus – Halloysite-Kaolin ASX:ADN| andromet.com.au For personal use only Mine Design and Plant Position Generalised Planned Mining Operation 7
Slide 8: Process Flowsheet
Process Flowsheet Primary project focus – Halloysite-Kaolin ASX:ADN| andromet.com.au For personal use only • Standard kaolin processing componentry • State-of-the-art plant to produce consistent world-class kaolins • Versatile design capable of producing Great White PRM ™, CRM ™, HRM ™ and HPA feed
Slide 9: Binding off-takes in place
Binding off-takes in place Initial business already underwritten ASX:ADN| andromet.com.au For personal use only Ceramic Product (Great White CRM™) Fired Brightness Off The Scale • Binding Offtake signed for 5,000t/pa with Japanese customer @ A$700/t Paint Product (Great White PRM™) World Class Perfo
Slide 10: New concrete application
New concrete application Halloysite rheology modifier (HRM™) in construction products ASX:ADN| andromet.com.au For personal use only Potential Benefits • Carbon footprint reductions • Cost reductions • Performance improvements • Handling improvements • Safety improvements Commercial testing and bulk
Slide 11: Halloysite & Nanotechnology
Halloysite & Nanotechnology ASX:ADN| andromet.com.au For personal use only • Most researched clay mineral in the world • Use only constrained by supply shortage • The Natural Nanotech is spending >$1M/pa on R&D leading to commercialisation Carbon Dioxide Batteries & Super- Water Purification Capture
Slide 12: Pilot Plant to Demonstrate Carbon Capture & Conversion Commerciality
Pilot Plant to Demonstrate Carbon Capture & Conversion Commerciality ASX:ADN| andromet.com.au For personal use only Bulk production facility has been established at the Newcastle Institute for Energy and Resources Large-scale CO2 capture plant scheduled for Dec 2021 installation Demonstration plant
Slide 13: High purity alumina project
High purity alumina project ASX:ADN| andromet.com.au For personal use only • High Purity Alumina (HPA) is recognised as a key component in the Lithium-Ion Battery supply chain • Annual demand is set up to quadruple between 2020 and 2028 causing a significant shortfall in supply • Current 4N purity (
Slide 14: Economic Impact of Great White Project: South Australia
Economic Impact of Great White Project South Australia ASX:ADN| andromet.com.au For personal use only Economic Modelling Shows (Project Life): • Household income $801M • Contribution to State Gross Profit $1.7B • Person years of employment 15,229 14
Slide 15: Economic Impact of Great White Project: Eyre Peninsula
Economic Impact of Great White Project Eyre Peninsula ASX:ADN| andromet.com.au For personal use only Economic Modelling Shows (LOM): • Capital expenditure $102.4M • Direct wages $178M • Household income $424M • Operating expenditure $2.0B • Person years of employment 7,919 15
Slide 16: Eyre Kaolin Project
Eyre Kaolin Project Highly Prospective for Halloysite-Kaolin ASX:ADN| andromet.com.au For personal use only • Approx. 2,800km2 • Recorded occurrence of kaolin • Previous drilling found >60m thick kaolin intercepts • Geology looks suitable for halloysite formation • Resource drilling planned early ne
Slide 17: Alford Copper Project
Alford Copper Project In Situ Recovery (ISR) ASX:ADN| andromet.com.au For personal use only • Environmental Copper JV with EMR1 sole funding $4 million to earn 51%2 • Defined Resource of 66.1Mt @ 0.17% copper containing 114kt of copper (Mining Plus3) • Additional Exploration Target of 158-190Mt @ 0.
Slide 18: What's next?
What's next? What’s on the horizon for Andromeda ASX:ADN| andromet.com.au For personal use only First Commercial Products anticipated to Market by late 2022 • Mining Approval • Complete Minotaur acquisition • DSO opportunity • Sell the Phase 1 processing plant capacity 100% out • Concrete product co
Slide 19: Thank you
Thank you For personal use only James Marsh Managing Director james.marsh@andromet.com.au ASX:ADN andromet.com.au 19
Slide 20: Cautionary Statements
STATEMENTS Cautionary Statements The preliminary feasibility study (Pre-Feasibility Study, PFS) referred to in this announcement has been undertaken to study a range of options to produce high-quality halloysite-kaolin product from the Kaolin For personal use only Resource at Poochera in South Austr
Slide 21: JORC Resource Reference Tables
For personal use only JORC Resource Reference Tables 1
Slide 22: JORC Resource Reference Tables
For personal use only JORC Resource Reference Tables 2 1 Figures are rounded to reflect appropriate levels of confidence. Apparent differences may occur due to rounding. 2 ASX 23 December 2019, "Significant increase in Mineral Resource for the Poochera Kaolin Project". 3 ASX 26 November 2020, "Updat
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