Andromeda Metals (ADN) Noosa Mining Investor Conference summary

Corporate Overview and Leadership

• Board strengthened with two new members experienced in industrial minerals, marketing, and ceramics.

• Led by an experienced board and executive team with a track record in project delivery and marketing of industrial minerals.

Financial Position and Funding

• Cash in hand as of September 30, not including recent AUD 13 million placement.

• Additional AUD 2.5 million targeted through a share purchase plan closing today.

• A $75 million debt facility has received credit approval, and a $13 million share placement has been completed to support project funding.

Great White Kaolin Project (GWP) Progress

• GWP is a high-grade kaolin project with a 28-year mine life, all key permits secured, and feasibility studies completed.

• Stage 1A+ of GWP is fully supported by binding offtake agreements, with 100% of planned production committed.

• Site preparation and contractor mobilization underway, using recent placement funds.

• Early works and pre-construction activities are underway, including environmental bond payments and site preparation.

• 15.1 million tonne reserve supports a 28-year mine life; strong market demand due to supply deficit.