Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Shareholder Meeting (November 2023)
19 slides from Andromeda Metals's shareholder meeting presentation, Nov 22, 2023
Slide 1: Annual General Meeting – Managing Director's Report
Andromeda For personal use only The Great White Mineral Company Annual General Meeting – Managing Director’s Report 22 November 2023 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 No warranty No investment or financial product advice While care has been taken in preparing the information in this presentation, no representation or warranty, express or The information contained in this presentation does not constitute investment advice or financial
Slide 3: Key driver of the 2023 DFS is the Commercial Strategy review
Key driver of the 2023 DFS is the Commercial Strategy review For personal use only Identified a product portfolio that balances a rigorous segmented market to mine approach with a disciplined and optimised mine to market response. 3
Slide 4: 2023 DFS delivers a 65% NPV increase to $1.01Billion
2023 DFS delivers a 65% NPV increase to $1.01Billion Average annual EBITDA increased by 59% to $130 million The 2023 DFS follows a comprehensive commercial strategy review and approach to developing the world-class, high quality halloysite-kaolin of The Great White Deposit. For personal use only Imp
Slide 5: Established above market high value in use in the global high quality kaolin market
Established above market high value in use in the global high quality kaolin market Independent testing confirms Great White CRMTM as a market leading product For personal use only Value-in-use test work conducted by ITC Increasing quality • Great White CRM™ and Great Reducing impurity index White K
Slide 6: 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 CRMTM (and Great White KCMTM 90) • Validated for use in blends where Great White tested in glaze a
Slide 7: Technical Marketing of Great White CRM – Next Steps
Technical Marketing of Great White CRM™ Next Steps For personal use only • Additional Institute of Ceramic Technology (ITC) study commissioned to independently validate zircon replacement potential. Results expected by end of December 2023 • Further leveraging ITC partner and sponsor relationships t
Slide 8: 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 9: 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 10: TRAXYS – Non-binding Heads of Agreement Signed
TRAXYS – Non-binding Heads of Agreement Signed Leading Global Industrial Minerals Trading Company Global industrial minerals presence and reach For personal use only • Recently announced US$1.57 billion multi-bank revolving credit facility t = tonnes tpa = tonnes per annum 10 wmt p.a. = wet metric t
Slide 11: TRAXYS – Comprehensive strategic relationship
TRAXYS – Non-binding Heads of Agreement Signed Comprehensive strategic relationship HEADS OF AGREEMENT – Key terms for discussions: Potential equity and debt arrangements: For personal use only • Targeting a term of 5 years, with first shipment Q1 2025 • Participation in pre-FID funding raises • Opt
Slide 12: 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 world2 • Ceramic tile production in 2024 forecast to be 3.3 billion square metres, with CAGR of 9-10% • India’s g
Slide 13: India – Heads of Agreement signed with Opaque Ceramics
India – Heads of Agreement signed with Opaque Ceramics Discussions on distribution of Great White CRMTM 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, utilising
Slide 14: 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 15: Commercial Position
Commercial Position Good progress towards a high-quality, sustainable, growing revenue line For personal use only CUSTOMER Market / Region Year 1 Year 2 Year 3 Plantan Yamada Japan 5 10 10 Binding Offtake Foshan Gaoming China 15 15 30 Agreement Term Sheet IMCD Australia/NZ 5 5 5 Agreement Iberoclays
Slide 16: Update on other projects
Update on other projects Divestment of non-core assets and tenements Drummond Epithermal Gold Project Camel Lake Project • Sale to Trigg Minerals Limited – COMPLETED • Remote location and access issues has led to a decision being made to • 29.5 million shares (valued at $295,000) allotted, as consid
Slide 17: Next Steps – H1 2024
Next Steps – H1 2024 Progress discussions towards binding agreements for offtake commitments and For personal use only Traxys financing arrangements, including potential cornerstone equity investment . Lodgement of Environmental Bond and payment into Native Vegetation Fund are to Environmental be pa
Slide 18: Why "now"?
Why “now”? Forces making “now” the right time for developing The Great White Project For personal use only Unique, high quality, Global depletion of high- large resources quality kaolin deposits • Defined, very high value in use • Porcelain tableware market • Clear view on target segments Geopolitic
Slide 19: 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
Andromeda Metals — Shareholder Meeting (November 2023) on 6ix