Andromeda Metals (ADN) Investor Presentation summary

Company overview and leadership

• ASX-listed pre-development industrial and critical minerals company with two high-value projects in Australia.

• Led by an experienced board and management team with expertise in project delivery and mineral marketing.

• Market capitalisation of A$76.3 million and cash-on-hand of A$7.14 million as of June 2025.

The Great White Project

• High-grade kaolin asset with a 28-year mine life and 15.1 Mt reserve, all key permits secured for construction.

• Staged development: Stage 1A+ (100,000 wmt pa), Stage 1B (110,000 wmt pa), Stage 2 (120,000 wmt pa), with cumulative NPV8 of A$763m and IRR up to 65%.

• All Stage 1A+ production committed under binding offtake agreements with major international partners.

• Credit approval for A$75m debt facility from Merricks Capital; total project capex and working capital requirement is A$90m.

• Major equipment built or procured, freehold land purchased, and project team in place for execution.

Kaolin market and products

• Kaolin is a globally important industrial mineral with a market size over 30Mtpa and US$4bn.

• Targeting premium ceramic markets with validated high-quality kaolin products for tiles, slabs, and tableware.

• Positive supply-demand dynamics with demand growth outpacing global GDP, especially in ceramics.