Andrada Mining Limited · LSE:ATM
Andrada Mining — AfriTin Mining — Investor Presentation (November 2021)
19 slides from Andrada Mining's investor presentation, November 2021
Slide 1: AfriTin Corporate Presentation
AFRITIN CORPORATE PRESENTATION NOVEMBER 2021 afritinmining.com
Slide 2: Disclaimer
DISCLAIMER These presentation slides (the “Slides”) do not comprise an admission document, persons to whom distribution may otherwise lawfully be made. Any investment, listing particulars or a prospectus relating to AfriTin Mining Limited (“the Company”) investment activity or controlled activity to
Slide 3: African Tech-Metal Champion
AFRICAN TECH-METAL CHAMPION PRODUCER EXPLORER SCALABLE BY-PRODUCT REVENUE Profitable pilot plant at Huge scope for 10x scale-up at Uis Li2O and Ta potential to nameplate capacity resource expansion double revenue MULTI MINE POTENTIAL LOGISTICS WORLD-CLASS TEAM HIGH STANDARDS Prospective licences 230
Slide 4: Company Strategy
COMPANY STRATEGY BECOME A 01 Profitable pilot plant WORLD-CLASS Achieved nameplate Operating pilot plant, profitable 720tpa tin concentrate 5 production on Sn only TIER1 MINING COMPANY Y TARGETING E MARKET CAP 02 By-product potential and expansion A OF US$1BN AND Addition of by- products Li2O, Expan
Slide 5: Capital Structure
CAPITAL STRUCTURE KEY STATISTICS Share Price 1 Year Performance AIM: ATM Date as of: 31 July 2021 £65m £6,1m Market Cap Cash Tin Price 1 Year Performance SHAREHOLDER STRUCTURE Largest Institutions Ownership Canaccord Genuity Wealth Mgt 11,73% Fidelity Worldwide Investment 5,64% Afrimet Resources 5,1
Slide 6: World-Class Board
WORLD-CLASS BOARD GLEN PARSONS ANTHONY VILJOEN TERENCE GOODLACE LAURENCE ROBB Non-executive Chairman CEO Non-executive director Non-executive director • CEO of Awale Resources • Mining entrepreneur – over 2 • 40+ years mining veteran • Visiting Professor at the Limited - TSXV listed West decades ope
Slide 7: Market Fundamentals
MARKET FUNDAMENTALS Single stream polymetallic flow-sheet TIN • • Increased demand - potential to double by 2050 Critical component in semi-conductors • • Established mining operation Pilot processing facility at nameplate capacity • Consistent supply deficit • Scalable resource • Highest LME price
Slide 8: AfriTin in Namibia
AFRITIN IN NAMIBIA • Long established Mining • US$150/t of concentrate Act – regulated by the from mine gate to Minerals Act 33 of 1992 international smelter (amended in 2008) • Highly educated • Mining is the biggest workforce experienced contributor to Namibia’s in mining economy in terms of reven
Slide 9: Environmental Social Governance
ENVIRONMENTAL SOCIAL GOVERNANCE Use of resources 100% Namibian Opposition to sparingly workforce corruption Biodiversity In-service training Sound conservation of employees reporting Responsible Multiple CSI On-going production initiatives risk analysis AFRITIN CORPORATE PRESENTATION afritinmining.c
Slide 10: Pegmatite Belts
PEGMATITE BELTS Damara Belt is an African metallogenic jewel Wealth of mining history and regional geological information Modern exploration techniques can unlock the huge exploration upside Potential to identify new mineral systems and extensions AFRITIN CORPORATE PRESENTATION afritinmining.com 10
Slide 11: Footprint in Namibia
FOOTPRINT IN NAMIBIA UNLOCKING THE POTENTIAL OF THE ERONGO REGION UIS EPL • Tin, Lithium & 5670 Tantalum • Open-cast, low strip ratio • Pegmatite hosted • Scalable 110km • Exploration programme to increase Sn, Li, Ta resource ongoing EPL 5445 Nai-Nais Brandberg • Tin, Lithium & West Tantalum UIS TIN
Slide 12: Globally Significant Mineral Resource Estimate at Uis
GLOBALLY SIGNIFICANT MINERAL RESOURCE ESTIMATE AT UIS • > 180 mineralized pegmatites mapped within 5 km of the current operation • Same mineralogical composition - typical Uis pegmatites • Near surface intersection of 67 m on W17 pegmatite • Significant resource upside potential MRE of Ancillary MRE
Slide 13: Phase Scale Up: Potential to be a Global Lithium Supplier
PHASE 2 SCALE UP POTENTIAL TO BE A GLOBAL LITHIUM SUPPLIER Lithium Deposits Worldwide (currently in production) 275 250 Pilot Plant 4000000 US$500m+ pa 225 Production 3500000 Targeted revenue 200 3000000 175 Resources (Mt) 2500000 150 Li2O (t) 2000000 10 ktpa 125 100 1500000 75 1000000 50 Tin only p
Slide 14: Brandberg West Exploration Upside
BRANDBERG WEST EXPLORATION UPSIDE • Historical mining area with anomalous tin and tungsten value • Previously owned by Goldfields • On-going mapping of historical extensions and digitization of historical drill data • Imminent commencement of a confirmatory drill programme Bore Hole ID Length (m) %S
Slide 15: Nai-Nais Mining Licence
NAI-NAIS MINING LICENCE • Historical production of Sn and Ta – Tin Tan mine • Conc. sold to Uis • Pegmatites extend from surface, historically mined opencast • Li-bearing minerals include spodumene, petalite • Grab sample results: • ~ 3,92% Li₂O • ~ 0,246% Sn • ~ 60 ppm Ta AFRITIN CORPORATE PRESENTA
Slide 16: Infrastructure and Power / Water
INFRASTRUCTURE AND POWER / WATER Access to existing infrastructure allows for rapid scale-up Access to grid – power Backup desalination Geo-hydro study indicates significant water resources for borehole extraction with relevant permits Potential backup supply from desalination plant Grid power with
Slide 17: 2021 Focus: Ramp-Up Production and Free Cash Flow Generation
2021 FOCUS 01 The expansion of Phase 1 to increase production to 105 tonnes of concentrate per month Continuous improvement 02 and plant optimisation RAMP-UP PRODUCTION AND 03 Exploration work to potentially increase Mineral Resources and Mineral Reserves FREE CASH FLOW GENERATION 04 Regional explor
Slide 18: Highlights
HIGHLIGHTS Sn, Li2O, Ta globally Pilot processing facility Formation of a tech significant deposit proven economics metals production for tin only province 10x potential Super charge revenues Existing infrastructure with scale-up through by-product potential for shared to phase 2 extraction infrastr
Slide 19: Thank You
THANK YOU AFRITIN CORPORATE PRESENTATION afritinmining.com 19
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