Completion of Sale of Interest in Wudinna Gold Project

Andromeda Metals Limited (ASX: $ADN) has successfully completed the sale of its remaining 25% interest in the Wudinna Gold Project to Lady Alice Mines Pty Ltd (LAM) and Cobra Resources Plc (Cobra). The sale involved a consideration of $500,000 in cash and the issuance of 52,010,000 Cobra shares to Andromeda's wholly owned subsidiary Peninsula Resources Pty Ltd.

Executive Commentary

The completion of the sale marks a significant milestone for Andromeda Metals Limited as it aligns with our strategic focus on optimizing our portfolio and resource allocation. We are pleased with the terms of the agreement and look forward to potential future benefits from the Consideration Shares. This transaction allows us to streamline our assets and concentrate on our core projects, positioning the Company for sustainable growth and value creation.

Summary

Andromeda Metals Limited (ASX: $ADN) has successfully finalized the sale of its 25% interest in the Wudinna Gold Project to Lady Alice Mines Pty Ltd (LAM) and Cobra Resources Plc (Cobra). The completion involved receiving $500,000 in cash and 52,010,000 Cobra shares, subject to escrow and orderly market provisions. The Company's focus on optimizing its portfolio and resource allocation is evident through this strategic transaction. Looking ahead, Andromeda remains committed to enhancing shareholder value and pursuing opportunities aligned with its core projects.