ANDROMEDA METALS LIMITED — Capital/Financing Update 2017

Nov 8, 2017

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For all enquiries:

Phone:

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(within Australia) 08 8271 0600 (outside Australia) 61 8 8271 0600

Web:

www.investorcentre.com/contact

ADN

MR SAM SAMPLE 123 SAMPLE STREET SAMPLETOWN VIC 3000

Make your payment:

See overleaf for details of the Offer and how to make your payment

Renounceable Rights Issue — Entitlement and Acceptance Form

 [Your payment must be received by 5:00pm (ACDT) Thursday 30 November 2017] This is an important document that requires your immediate Choose one of the payment methods shown below. attention. It can only be used in relation to the shareholding represented by the details printed overleaf. If you are in doubt about BPAYPAY[[®]] how to deal with this form, please contact your financial or other payment. professional adviser. By Mail: Step 1: Registration Name & Offer Details Details of the shareholding and entitlements for this Offer are money order payable in Australian dollars to " shown overleaf. Limited " and cross " Not Negotiable from an Australian bank. Cash is not accepted. Please check the details provided and update your address via www.investorcentre.com if any of the details are incorrect. If you have a CHESS sponsored holding, please contact your Controlling Participant to notify a change of address. Step 2: Make Your Payment be debited directly from your account. You can apply to accept either all or part of your Entitlement. Enter the number of New Shares you wish to apply for and the amount of we need to contact you. payment for those New Shares. By making your payment you confirm that you agree to all of the terms and conditions as detailed in the Non-Renounceable Rights Turn over for details of the Offer Issue Prospectus dated 9 November 2017.

Choose one of the payment methods shown below.

This is an important document that requires your immediate attention. It can only be used in relation to the shareholding represented by the details printed overleaf. If you are in doubt about how to deal with this form, please contact your financial or other professional adviser.

BPAYPAY[[®]] : See overleaf. Do not return the payment slip with BPAY payment.

By Mail: Complete the reverse side of the payment slip and detach and return with your payment. Make your cheque, bank draft or money order payable in Australian dollars to " Andromeda Metals Limited " and cross " Not Negotiable ". The cheque must be drawn from an Australian bank. Cash is not accepted.

Step 1: Registration Name & Offer Details

Details of the shareholding and entitlements for this Offer are shown overleaf.

Please check the details provided and update your address via www.investorcentre.com if any of the details are incorrect.

Payment will be processed on the day of receipt and as such, sufficient cleared funds must be held in your account as cheques received may not be re-presented and may result in your Application being rejected. Paperclip (do not staple) your cheque(s) to the payment slip. Receipts will not be forwarded. Funds cannot be debited directly from your account.

If you have a CHESS sponsored holding, please contact your Controlling Participant to notify a change of address.

Step 2: Make Your Payment

You can apply to accept either all or part of your Entitlement. Enter the number of New Shares you wish to apply for and the amount of payment for those New Shares. By making your payment you confirm that you agree to all of the terms and conditions as detailed in the Non-Renounceable Rights Issue Prospectus dated 9 November 2017.

Entering your contact details is not compulsory, but will assist us if we need to contact you.

Turn over for details of the Offer è

Andromeda Metals Limited Renounceable Rights Issue Payment must be received by 5:00pm (ACDT) Thursday 30 November 2017

® Registered to BPAY Pty Limited ABN 69 079 137 518

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Entitlement and Acceptance Form

Registration Name & Offer Details

MR SAM SAMPLE Registration Name: 123 SAMPLE STREET SAMPLETOWN VIC 3000

[For your security keep your SRN/] HIN confidential.

Entitlement No: 12345678

Offer Details:

Existing shares entitled to participate as at 14 November 2017:

Entitlement to New Shares on a 1 for 2 basis:

Amount payable on full acceptance at $0.005 per New Share:

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Make Your Payment

Biller Code: 99999 Pay by Mail:

Ref No: 1234 5678 9123 4567 89  Make your cheque, bank draft or money order payable to " Limited " and cross " Not Negotiable ". Contact your financial institution to make your Return your cheque with the below payment slip to: payment from your cheque or savings account. Computershare Investor Services Pty Limited GPO BOX 2987 Adelaide South Australia 5001 Australia If you are applying for New Shares and your payment is being made by BPAYPAY (CIS) nor Andromeda Metals Limited accepts any responsibility for loss incurred through incorrectly completed BPAYPAY applicant to ensure that funds submitted through BPAYPAY are received by this time. 2017. You should allow sufficient time for this to occur. A reply paid envelope is enclosed for shareholders in Australia. Other Eligible Shareholders will need to affix the appropriate postage. Return the payment slip below with cheque attached. Neither CIS nor Andromeda Metals Limited accepts any responsibility if you lodge the payment slip below at any other address or by any other means. The personal information you provide on this form is collected by Computershare Investor Services Pty Limited (CIS), as registrar for the securities issuers (the the issuer may authorise us on their behalf to send you marketing material or include such material in a corporate communication. You may elect not to receive marketing material by contacting CIS using the details provided above or emailing privacy@computershare.com.au. We may be required to collect your personal information under the Corporations Act 2001 (Cth) and ASX Settlement Operating Rules. We may disclose your personal information to our related bodies corporate and to other individuals or companies who assist us in supplying our services or who perform functions on our behalf, to the issuer for whom we maintain securities registers or to third parties upon direction by the issuer where related to the issuers administration of your securityholding, or as otherwise required or authorised by law. Some of these recipients may be located outside Australia, including in the following countries: Canada, India, New Zealand, the Philippines, the United Kingdom and the United States of America. For further details, including how to access and correct your personal information, and information on our privacy complaints handling procedure, please contact our Privacy Officer at privacy@computershare.com.au or see our Privacy Policy at .

Make your cheque, bank draft or money order payable to " Andromeda Metals Limited " and cross " Not Negotiable ". Return your cheque with the below payment slip to:

Contact your financial institution to make your payment from your cheque or savings account.

Lodgement of Acceptance

If you are applying for New Shares and your payment is being made by BPAYPAY , you do not need to return the payment slip below. Your payment must be received by no later than 5:00pm (ACDT) Thursday 30 November 2017. Applicants should be aware that their own financial institution may implement earlier cut off times with regards to electronic payment, and should therefore take this into consideration when making payment. Neither Computershare Investor Services Pty Limited (CIS) nor Andromeda Metals Limited accepts any responsibility for loss incurred through incorrectly completed BPAYPAY payments. It is the responsibility of the applicant to ensure that funds submitted through BPAYPAY are received by this time. If you are paying by cheque, bank draft or money order the payment slip below must be received by CIS by no later than 5:00pm (ACDT) Thursday 30 November 2017. You should allow sufficient time for this to occur. A reply paid envelope is enclosed for shareholders in Australia. Other Eligible Shareholders will need to affix the appropriate postage. Return the payment slip below with cheque attached. Neither CIS nor Andromeda Metals Limited accepts any responsibility if you lodge the payment slip below at any other address or by any other means.

Privacy Notice

The personal information you provide on this form is collected by Computershare Investor Services Pty Limited (CIS), as registrar for the securities issuers (the issuer), for the purpose of maintaining registers of securityholders, facilitating distribution payments and other corporate actions and communications. In addition, the issuer may authorise us on their behalf to send you marketing material or include such material in a corporate communication. You may elect not to receive marketing material by contacting CIS using the details provided above or emailing privacy@computershare.com.au. We may be required to collect your personal information under the Corporations Act 2001 (Cth) and ASX Settlement Operating Rules. We may disclose your personal information to our related bodies corporate and to other individuals or companies who assist us in supplying our services or who perform functions on our behalf, to the issuer for whom we maintain securities registers or to third parties upon direction by the issuer where related to the issuers administration of your securityholding, or as otherwise required or authorised by law. Some of these recipients may be located outside Australia, including in the following countries: Canada, India, New Zealand, the Philippines, the United Kingdom and the United States of America. For further details, including how to access and correct your personal information, and information on our privacy complaints handling procedure, please contact our Privacy Officer at privacy@computershare.com.au or see our Privacy Policy at http://www.computershare.com/au.

Detach here

Andromeda Metals Limited Acceptance Payment Details

Entitlement taken up:

Amount enclosed at $0.005 per New Share: A$ .

12345678

Entitlement No: 12345678

Payment must be received by 5:00pm (ACDT) Thursday 30 November 2017

MR SAM SAMPLE 123 SAMPLE STREET SAMPLETOWN VIC 3000

Contact Details

Contact Daytime Name Telephone Cheque Details Drawer Cheque Number BSB Number Account Number Amount of Cheque

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123456789123456789+0000000001-5002+15