Announcement PDF ASX ANNOUNCEMENT ANDROMEDA METALS LTD (Andromeda, ASX: ADN) 30 June 2023 Andromeda Metals Limited ABN: 75 061 503 375 Corporate details: ASX Code: ADN Cash (31 March 2023): $19.6m Issued Capital: 3,110,270,932 ordinary shares 24,760,000 unlisted options 18,596,711 performance rights Termination of offtake with Jiangsu Mineral Sources International Trading Co, Ltd Andromeda Metals Limited (ASX: ADN) (Andromeda, the Company) advises that the offtake agreement with Jiangsu Mineral Sources International Trading Co, Ltd has been terminated. On 10 June 2021 Andromeda announced it had entered into a binding offtake agreement with Jiangsu Mineral Sources International Trading Co, Ltd in relation to 70,000tpa +/-10% of Great White PRMTM, a refined ultra bright high-purity kaolin material for the coatings and polymers market, for an initial term of 5 years. Directors: Mick Wilkes Non-Executive Chair Bob Katsiouleris CEO & Managing Director James Marsh Executive Director, Sales & Marketing The offtake agreement was subject to a number of conditions precedent, including those relating to a final decision to mine and the achievement of commercial levels of production of Great White PRMTM during 2022. Andromeda has exercised its right to terminate the contract due to failure to satisfy the Conditions Precedent by the sunset date in the contract. Melissa Holzberger Non-Executive Director Austen Perrin Non-Executive Director Company Secretary Sarah Clarke Contact details: Level 10 431 King William Street, Adelaide SA 5000 Tel: This ASX announcement has been approved for release by the Board of Directors of Andromeda Metals Limited. For more information about the Company and its projects, please visit our website, www.andromet.com.au or contact: Managing Director & CEO Bob Katsiouleris T: 08 7089 9800 E:bob.katsiouleris@andromet.com.au +61 8 7089 9800 ir@andromet.com.au www.andromet.com.au ir@andromet.com.au www.andromet.com.au About Andromeda Andromeda Metals (ASX: ADN) is an ASX-listed emerging industrial minerals producer. Our vision is to lead the world in the sustainable supply of superior quality industrial minerals and advancement of nanotechnologies. We see 2023 as a transformational year for Andromeda. Following which we anticipate becoming a globally significant producer of halloysite-kaolin products. Having received all major regulatory approvals, we are progressing towards early-stage-construction of the Stage 1A Starter Plant, while also advancing funding discussions aimed at enabling a final investment decision to be made. From there, we aim to leverage the uniqueness of our Great White Project resources to grow through meeting the growing long-term demand for kaolin, expanding our range of high-margin kaolin-based products and developing many new technologies at the forefront of science, and essential to building a more sustainable future. Andromeda’s kaolin deposits are located in South Australia’s Eyre Peninsula, a Tier 1 mining jurisdiction, and contain some of the highest purity kaolin ever discovered. Kaolin has been used in ceramics production for centuries because of its unique properties as a bright white inert mineral with very fine particle size. In addition to ceramics, today, kaolin can be found in a range of everyday products, including cosmetics, paint, rubber, medicines, paper, pesticides, orthodontics, orthopedics, and plastics. Every modern home and car contains kaolin in some form. Using a novel flowsheet, we are also researching using kaolin to produce the critical mineral High-purity Alumina (HPA). Our large, high-quality deposits also contain a rare form of kaolin called halloysite, a naturally occurring nanotube. Halloysite is highly desirable in some applications where it attracts a premium price. Halloysite-kaolin can be used in emerging high-tech nanotechnologies and applications, such as carbon capture, soil remediation, water purification, hydrogen storage, medicine delivery and renewable energy.