Andromeda Metals : Investor Presentation - Brisbane Minerals Metals Conference

ersonal use only

Brisbane Minerals and Metals Conference

James Marsh

Managing Director & CEO

23 March 2022

ASX:ADN	An emerging industrial minerals producer
andromet.com.au
with numerous potential value chains

Disclaimer and compliance statement

onlyThis Presentation has been prepared by Andromeda Metals Limited (ACN 061 503 375) (Andromeda or Company). By accessing this Presentation you acknowledge that you have read and understood the following statement.

The information contained in this Presentation is of a general nature and is for information purposes only. This Presentation has been prepared without taking into account any particular person's objectives, financial situation or needs; does not purport to identify the nature of specific market or other risks associated with any investments described within it and does not constitute any legal, taxation, investment or accounting advice. All i formation in this Presentation is indicative, is based on certain assumptions and current market conditions and is subject to change without notice. No information contained in this Presentation constitutes a prediction or f recast as to the performance of any investments. Assumptions upon which financial illustrations are based may differ from actual circumstances. No reliance should be placed on the information in this Presentation and any investment decision should be based only on the information in final offer documents and a person's own due diligence, inquiry, assessment and advice.

useWhere Andromeda expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and on a reasonable basis. No representation or warranty, express or implied, is made by Andromeda that the matters stated in this presentation will in fact be achieved or prove to be correct.

Forward looking Statements

This Presentation contains or may contain certain "forward-looking statements" and comments about future events, that are based on Andromeda management's beliefs, assumptions and expectations and on information

currently available to management as at the date of this Presentation. Often, but not always, forward-looking statements can generally be identified by the use of forward looking words such as "may", "will", "expect", "plan",

"believes", "estimate", "anticipate", "outlook", and "guidance", or similar expressions, and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production and production potential, estimates of future Mineral Resources and Ore Reserves.

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Readers are cautioned against placing undue reliance on forward-looking statements. These forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of Andromeda, the directors, and management of Andromeda. These factors include, but are not limited to difficulties in forecasting expected production quantities, the potential that any of Andromeda's projects may experience technical, geological, metallurgical and mechanical problems, changes in market prices and other risks not anticipated by Andromeda, ch nges in exchange rate assumptions, changes in product pricing assumptions, major changes in mine plans and/or resources, changes in equipment life or capability, emergence of previously underestimated technical ch llenges, increased costs, and demand for production inputs.

To the maximum extent permitted by law, neither Andromeda nor its related corporations, Directors, officers, employees or agents, nor any other person, accepts any liability, including, without limitation, any liability arising from fault or negligence, for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it. Andromeda is under no obligation to release any updates or revisions to the information in this presentation to reflect any change in expectation or assumptions and disclaim all responsibility and liability for these forward-looking statements (including without limitation, liability for fault or negligence).

This announcement has been compiled by Andromeda from the information provided by the various contributors. All financial assumptions and estimates are quoted in Australian Dollars ('A$' or 'AUD') only, unless indicated otherwise heading.

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No investment advice and investment risk

The information contained in this Presentation does not constitute investment or financial product advice (nor taxation or legal advice) and is not intended to be used as the basis for making an investment decision or as a recommendation to acquire shares and does not take into account the reader's personal circumstances.

onlya direct or indirect interest in Andromeda or any of their respective directors, officers, employees, affiliates, partners, consultants, agents, representatives or advisers (including, without limitation, advisers and their related b dies corporate, shareholders or affiliates, and any of their respective officers, directors, employees, affiliates, partners, representatives, consultants, agents or advisers, together the Advisers) guarantees or makes any

An investment in Andromeda's securities is subject to investment and other known and unknown risks, some of which are beyond the control of Andromeda including loss of income and principal invested.

No warranty

While care has been taken in preparing the information in this Presentation, no representation or warranty, express or implied, is made as to the currency, accuracy, reliability, completeness or fairness of the information,

pinions and conclusions contained in this Presentation. The information in this Presentation has been obtained from or based on sources believed by Andromeda to be reliable. No member of Andromeda or any person with

representations or warranties, express or implied, as to or takes responsibility for, the currency, accuracy, reliability, completeness or fairness of this Presentation nor the information, opinions and conclusions contained in this Pr sentation.

useMineral Resources and Ore Reserves Estimates

As an Australian company with securities listed on the Australian Securities Exchange (ASX), Andromeda is subject to Australian disclosure requirements and standards, including the requirements of the Corporations Act and

the ASX. Investors should note that it is a requirement of the ASX listing rules that the reporting of ore reserves and mineral resources in Australia comply with the 2012 edition of the Australasian Code for Reporting of

Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and that the Ore Reserve and Mineral Resource estimates underpinning the production targets in this presentation have been prepared by a Competent Person in accordance with the JORC Code.

Information that relates to Mineral Resources estimates has been previously announced to ASX on 23 December 2019, "Significant increase in Mineral Resource for the Poochera Kaolin Project", 29 September 2020, "New

mineral resource estimate for Hammerhead Halloysite-Kaolin Deposit" and 11 August 2020, "New Mineral Resource for the Mount Hope Kaolin project", all available at https://www2.asx.com.au/markets/company/adn. ersonalAndromeda confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters

underpinning the estimates continue to apply and have not materially changed. Andromeda confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcements.

Competent Person's Statements

I formation in this announcement has been compiled by Mr. James Marsh a member of The Australasian Institute of Mining and Metallurgy (AusIMM). Mr. Marsh is an employee of Andromeda Metals Limited who holds shares and options in the company and has sufficient experience, which is relevant to the style of mineralisation, type of deposits and their ore recovery under consideration and to the activity being undertaking to qualify as C mpetent Persons under the 2012 Edition of the 'Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves' (JORC Code). This includes Mr. Marsh attaining over 30 years of experience in kaolin processing and applications. Mr. Marsh consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.

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Company story

ASX:ADN| andromet.com.au

only
		World-class asset in Tier
		One mining jurisdiction -
			South Australia
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		Experienced exploration,
		development & marketing
			team
ersonal	Three Business Pillars
			Significant upside
			potential

Combined kaolin

resources over 100Mt and

growing

Great White Project - high

quality halloysite-kaolin and 26+ year Mine life

Definitive Feasibility Study		Great White Kaolin Project		Progressing toward
base case due for		planned for 2022		generating revenue in
imminent release		operational start		early 2023

				Gold, Copper and Rare
Multiple product		Huge Blue-Sky
opportunities		nanotechnology potential		Earth Element assets
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Corporate overview

only	Capital Structure
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Market Cap	$611M
Shares on issue	3,055,402,798
Cash (as at Dec 2021)	$42.8M
Debt	Zero

ASX:ADN| andromet.com.au

Share Price Performance and Volume History

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