Earnings release
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ASX ANNOUNCEMENT ANDROMEDA METALS LTD ( Andromeda , ASX : ADN ) Andromeda 22 October 2021 Andromeda Metals Limited ABN : 75 061 503 375 Corporate details : ASX Code : ADN Cash ( 30 Sept 2021 ) : $ 46.17m Issued Capital : 2,461,552,046 ordinary shares 85,495,000 unlisted options 23,139,475 performance rights Directors : Rhod Grivas Non - Executive Chair James Marsh Managing Director Joe Ranford Operations Director Andrew Shearer Non - Executive Director Melissa Holzberger Non - Executive Director Company Secretary : Andrea Betti Contact details : 69 King William Road , Unley , South Australia 5061 PO Box 1210 Unley BC SA 5061 Tel : Fax : +61 8 8271 0600 +61 8 8271 0033 admin@andromet.com.au www.andromet.com.au Quarterly Activities Report - September 2021 Highlights Great White Kaolin JV ( ADN 75 % interest ) Bulk sample program targeting high - value products completed Progress on the HPA Strategy following positive testing results Natural Nanotech Joint Venture ( ADN 50 % interest ) Natural Nanotech Pty Ltd ( NNT ) filed provisional patent application covering the conversion process for halloysite and halloysite - kaolin into advanced , functionalised carbon nanomaterials Eyre Kaolin Joint Venture Executed a binding Heads of Agreement ( HOA ) with private entity Peninsula Exploration Pty Ltd ( Peninsula ) to form the Eyre Kaolin Project Joint Venture ( EKJV ) . Eyre Peninsula Gold Joint Venture ( ADN 35 % interest ) Cobra Resources has elected to proceed to Stage 3 under the Joint Venture Agreement . Corporate • Successfully completed an oversubscribed Share Purchase Plan ; raising $ 15m Melissa Holzberger appointed as an independent Non - executive Director of the Company Andrea Betti appointed as Company Secretary following the retirement of Nick Harding Andromeda Metals Ltd ( ASX : ADN , " the Company " ) is pleased to provide a summary of the Company's activities for the quarter ended 30 September 2021 . Managing Director , James Marsh commented " The September Quarter has been a busy period for the team , with significant progress made on the Great White Project , including the Mining Lease Application , marketing programs , DFS study and initial discussions with possible finance providers . There has also been good progress on other new high value projects . ” Andromeda Metals Ltd | ABN 75 061 503 375 | 69 King William Road Unley SA , 5061 info@andromet.com.au | www.andromet.com.au