Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Investor Presentation (June 2023)
24 slides from Andromeda Metals's investor presentation, Jun 23, 2023
Slide 1: Investor Update
Investor Update Melbourne ASX:ADN 22-23 June 2023 www.andromet.com.au
Slide 2: Disclaimer and compliance statement
Disclaimer and compliance statement No investment advice and investment risk This Presentation has been prepared by Andromeda Metals Limited (ACN 061 503 375) (Andromeda or Company). The information contained in this Presentation does not constitute investment or financial product advice (nor taxati
Slide 3: Acknowledgement of Country
Acknowledgement of Country On behalf of Andromeda, I respectfully acknowledge that we are meeting on the traditional lands of the Kulin Nation, and that Andromeda operates on the lands of the Kaurna people of the Adelaide Plains and the Wirangu people of South Australia’s Eyre Peninsula. We pay our
Slide 4: Our Board and Executive Team
Our Board and Executive Team New Board with exceptional industry expertise Melissa Holzberger Austen Perrin Mick Wilkes Non-Executive Director Non-Executive Director Independent Non-Executive Chair Chair, Sustainability & Governance Chair, Audit & Risk Committee Chair of Remuneration and Committee N
Slide 5: Our Vision
Our Vision The Great White Mineral Company 5
Slide 6: Strategic Intent
Strategic Intent To be The Great White Mineral Company We are passionate about developing, commercialising and monetising The Great White Project We can be The The Great White “Best” white Project is our mineral economic company in the engine world 6
Slide 7: Our Business Approach
Our Business Approach Current State Our Positioning Our Approach (Today) (To be) • Commodity mindset • De-commoditising • Optimum value identified by • Price sensitive • Shared view of value-in-use balancing Mine-to-Market vs • Defining product and across product portfolio Market-to-Mine market port
Slide 8: Our Products
Our Products Positioned to respond to megatrends Adjacent Core HPA / Other Minerals Great White CRMTM Urbanisation Technology Ceramic tile bodies Ceramic glazes and engobes High end porcelain and tableware Decarbonisation Complementary Great White HRMTM Low carbon footprint cement 8
Slide 9: Strategic Lens
Strategic Lens Where we participate, with whom and why Megatrend Regions response solution Resources Return on invested Aligned with capital The “Best” Cash conversion cycle Partnerships Time Optionality 9
Slide 10: Go To Market
Go To Market Execute with a focus on Core and Complementary 10
Slide 11: Markets
Markets Kaolin – China Supply Demand Balance China’s domestic supply of kaolin has been constrained due to resource depletion and environmental protection practices that limit mining – TZMI. Consider impact of shortfall in long term supply and deficit of high-quality product with some users having t
Slide 12: Global Ceramic Tile Market
Global Ceramic Tile Market Spain and Italy are technology and export leaders Global tile production, export and consumption, measured in million metric square metres (sqm) (2021: Top 10 account for 84%, 85% and 74% of global market for production, export and consumption respectively) Country Country
Slide 13: Confirmed High-Quality Global Leader
Confirmed High-Quality Global Leader International benchmarking by IberoClays confirms Great White CRM™ as a market leading product 13 Testing conducted on Great White CRM™ is consistent with product developed from The Great White Project’s Great White Deposit, as announced via ASX on 6 April 2021.
Slide 14: Ceramic Tile Body Formulation
Ceramic Tile Body Formulation Value-in-use opportunities versus zircon Great White CRMTM 14 Edited from source: Strateg-on Business Consultancy
Slide 15: Confirmed High-Quality Global Leader
Confirmed High-Quality Global Leader Properties of Great White CRM™ provides above market value-in-use, to fastest growing ceramics segments Great White CRM™ properties and applications1 ✓Top 3 Iron/Aluminium ratio ✓High brightness is retained in high temperatures, ✓Very high dry mechanical with ver
Slide 16: Images of Porcelanosa ceramic and porcelain tiles
Images of Porcelanosa ceramic and porcelain tiles 16
Slide 17: Why now?
Why now? Forces making now the right time for developing GWP Geopolitical forces impacting access to historical supply The confluence of numerous forces means the time to develop The Great White Project is now! Global depletion of high-quality kaolin deposits • Porcelain tableware market Unique, hig
Slide 18: Commercial Strategy Update
Commercial Strategy Update A more focused approach to execution 1. Great White CRM™ – progressing analysis for use in porcelain ceramic, glazed, large format tiles • University of Castellón progressing with technical evaluation and formulation at pilot plant level • Full results continue to be expec
Slide 19: The last Great White Mineral Deposit
The last Great White Mineral Deposit With significant regional exploration potential In addition to the Great White Project, recent regional drilling results1 indicate strong resource upside potential: Halfpipe extensive high-halloysite ➢ Chairlift prospect (>20%) identified by • Defined 80-120Mt Ex
Slide 20: Stage 1A Processing Plant
Stage 1A Processing Plant Design readiness ahead of planned construction Long lead items - Procurement progress in line with first shipment in October 2024 ➢ Dryer – ordered ➢ Thickener ➢ Drum washer ➢ Filter press To be ordered in coming weeks ➢ Filter cake feeder All items scheduled to arrive acco
Slide 21: Pilot Plant – reset of operations
Pilot Plant – reset of operations Preparation for increase in post-validation sample requests ➢ Focus on safe, sustainable operations, producing samples replicating Stage 1A flowsheet ➢ Review of Pilot Plant operations for additional customer testing and further product validation in new segments ➢
Slide 22: Past 60 Days
Past 60 Days Achievements Offtake Foshan Gaoming Term Sheet (120,000t) and Yamada Plantan ✓ Agreements Agreement (25,000t) signed ✓ PEPR Approved by South Australian Department for Energy and Mining ✓ EPA Works Granted by South Australia’s Environment Protection Authority Long Lead ✓ Items Long lead
Slide 23: Next Steps
Next Steps What to expect over next 90 days Next Steps Sales & Ceramics China 2023 exhibition attended by James Marsh, Exec Director, Sales & Marketing (19-23 June). Marketing Trip to Spain to visit all key producers and potential customers by Marie Sexton, Manager, Business Development (26-30 June)
Slide 24: The Great White Mineral Company
The Great White Mineral Company ASX:ADN Level 10, 431 King William Street, Adelaide, South Australia 5000 +61 8 7089 9800 Authorised for release by the Board of Andromeda Metals Ltd andromet.com.au