ANDROMEDA METALS LIMITED — Director's Dealing 2021

Nov 22, 2021

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ASX ANNOUNCEMENT
ANDROMEDA METALS LTD (Andromeda, ASX: ADN)
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23 November 2021

Andromeda Metals Limited

ABN: 75 061 503 375

Corporate details:

ASX Code: ADN Cash (30 Sept 2021): $46.17m Issued Capital:

2,483,727,046 ordinary shares 63,320,000 unlisted options 23,139,475 performance rights

Directors:

Rhod Grivas Non-Executive Chair James Marsh

Managing Director

CHANGE OF INTEREST NOTICE BY DIRECTOR

(Appendix 3y)

Please find attached an Appendix 3Y - Change of Directors’ Interest Notice ( Notice ) for the Company’s Managing Director, Mr James Marsh.

The Notice details the recent changes to Mr Marsh’s holdings in Andromeda Metals Ltd ( ASX:ADN , “ the Company ”) following the recent sale of 730,000 shares in an on-market sale. Mr Marsh has advised that the sale was undertaken solely for the purpose of funding the recent conversion of the 10.5 million unlisted options which expired on 15 November 2021, and were exercised on 12 November 2021.

Joe Ranford

Operations Director

Andrew Shearer

Non-Executive Director

Melissa Holzberger

Non-Executive Director

Company Secretary:

Mr Marsh has been a Director of Andromeda since 30 May 2018, and this is the first share sale that he has undertaken.

Mr Marsh now holds a total of 12,270,000 shares in Andromeda, which after the conclusion of both transactions (the options conversion and the sale in the attached Appendix 3B), represents a net increase of 9,770,000 shares held by him.

Andrea Betti

Contact details:

69 King William Road, Unley, South Australia 5061

Authorised for release by Andrea Betti, Company Secretary.

PO Box 1210 Unley BC SA 5061 Tel: +61 8 8271 0600 Fax: +61 8 8271 0033 admin@andromet.com.au www.andromet.com.au

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Andromeda Metals Ltd | ABN 75 061 503 375 | 69 King William Road Unley SA, 5061
info@andromet.com.au | www.andromet.com.au
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Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	ANDROMEDA METALS LIMITED
ABN	75 061 503 375

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	James Edward Marsh
Date of last notice	29 December 2020

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	22 November 2021
No. of securities held prior to change	A. 13,000,000 ordinary shares B. 14,000,000 unlisted options (2022) C. 7,500,000 unlisted options (2023) D. 3,250,000 performance rights (2023)
Class	A. Fully Paid Ordinary Shares B. Unlisted Options exercisable @ $0.064 expiring 28 November 2022 C. Unlisted Options exercisable @ $0.075 expiring 28 November 2023 D. Unlisted Performance Rights expiring 23 December 2023
Number acquired	Nil

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed	A. 730,000 ordinary shares
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Total consideration received for the shares sold was $120,450, which was applied to pay for the conversion of options in the previous week
No. of securities held after change	A. 12,270,000 ordinary shares B. 14,000,000 unlisted options (2022) C. 7,500,000 unlisted options (2023) D. 3,250,000 performance rights (2023)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On market trade

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011