Ann: First Customer Binding Offtake Signed for Great White, page-40

.This looks the DSO product. Not wet processed.@Mihais I agree it looks like the 5000tpa is just the beginning; and it doesnt specify which type of product it is. However, it looks like there is 200,000tpa of premium wet grade PLUS 400,000 tpa of DSO PLUS 300,000tpa of Dry in LOIs. What exciting opportunities those could result inExtract from Page 2revious visits to China undertaken by Andromeda representatives confirmed substantial product offtakevolumes through the signing of LOI’s for Direct Shipping Ore (DSO), dry-processed and wet-processedmaterial sourced from the Great White Kaolin Project. Eight Chinese ceramic companies signed LOI’s for211,000tpa of the premium wet-refined grade of Great White halloysite-kaolin (1). In addition, LOI’s have alsobeen provided for 405,000tpa of DSO (2) and 307,000tpa of dry-processed product (3). ADN is considering theconstruction of an onsite wet processing facility instead of a dry processing facility (refer further discussionbelow).

@Mihais