Andrada Mining Limited · LSE:ATM
Andrada Mining — AfriTin Mining — ATM Exploration Webinar (June 2021)
28 slides from Andrada Mining's conference presentation, June 2021
Slide 1: Exploring Namibia's Tech-Metal Province
EXPLORING NAMIBIA’S TECH- METAL PROVINCE JUNE 2021
Slide 2: Disclaimer
DISCLAIMER These presentation slides (the “Slides”) do not comprise an admission document, listing particulars or a prospectus in whole or in part by recipients to any other person and, in particular, should not be distributed to persons with an relating to AfriTin Mining Limited (“the Company”) or
Slide 3: Contents
CONTENTS 1. OVERVIEW AND MARKET BACKDROP 2. UIS AND ITS BY-PRODUCT POTENTIAL 3. OTHER LICENCES IN THE AFRITIN PORTFOLIO
Slide 4: Developing Tech-Metals Champion
DEVELOPING TECH-METALS CHAMPION § Flagship asset: Uis Tin Mine • Nameplate production surpassed consistently since November 2020 § Low-cost tin producer • Large scale, open cast operation • Existing infrastructure, national road to port § Significant battery metal optionality ( Ta, Li) has potential
Slide 5: Tin Market Fundamentals
TIN MARKET FUNDAMENTALS Market Overview Supply Shortage § International Tin Association reporting tin demand could double by § Tin market has faced a consistent supply deficit over recent years, forecast to 2050 remain in deficit until 2022. Shortages due to: § The tin price has recovered to pre-COV
Slide 6: Lithium Fundamentals, Tantalum Fundamentals
LITHIUM FUNDAMENTALS TANTALUM FUNDAMENTALS § Potential exposure to growing lithium sector § Critical metal for high performance applications • Expanding applications in new technologies § Will play an important role in the future § Looming market imbalance • Ensuring safety in autonomous vehicles §
Slide 7: Quality Assets in a Prolific Metallogenic Area
QUALITY ASSETS IN A PROLIFIC METALLOGENIC AREA § Damara Belt is an African metallogenic jewel § Wealth of mining history and regional geological information § Base metal deposits § Technology metal deposits § Precious metal deposits § Huge unexplored potential § Modern geophysical exploration techni
Slide 8: Developing Our Namibian Footprint
DEVELOPING OUR NAMIBIAN FOOTPRINT § Nai-Nais • 36 km from Uis processing plant Unlocking the potential of the Erongo region • Swarm of pegmatite intrusions closely spaced § Uis • Historical production of Sn and Ta • Three fully permitted mining licences: ML134 (current § Brandberg West operations),
Slide 9: Southern
Southern
Slide 10: Goantagab, Brandberg West, Uis Tin Mine
Goantagab Exploration licence Sn-W Brandberg West Exploration licence W-Sn-Cu-Au Uis Tin Mine Mining licence Sn-Li-Ta B1/C1 Nai-Nais Mining licence Mining licence Ta-Sn-Li Li-Sn-Ta 200km to Walvis Bay Port
Slide 11: Slide 11
Slide 12: Flagship Mine: Uis
FLAGSHIP MINE: UIS
Slide 13: Uis Tin Mine
UIS TIN MINE § Sn, Ta and Li2O occur within the orebody • All report to the processing facility § Coarse crushing allows low processing cost to liberate tin § Simple open pit mining, truck and excavator mobile equipment combination utilised § Two phase multi-commodity development plan: • Phase 1 (72
Slide 14: Uis V1/V2 Pit – Provides Attractive Economics
UIS V1/V2 PIT – PROVIDES ATTRACTIVE ECONOMICS § AfriTin acquired and digitised historical ISCOR database • Includes > 800 complete drillholes for Uis Tin Mine § Validation drilling for V1/V2 confirmed historical dataset (1 of 10 historically mined pits) • 9 remaining pits with potential to expand Af
Slide 15: 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 Historical Drillhole
Slide 16: Metallurgy
METALLURGY § Large pegmatite footprint allows for economies Hanging Wall of scale § Coarse grained cassiterite crystals enables efficient liberation V2 Pegmatite § Tantalum mineral associated with the tin concentrate § Tantalum test work in progress § Preliminary lithium test work indicates Person f
Slide 17: Other Licences
OTHER LICENCES
Slide 18: Slide 18
Slide 19: Nai-Nais Mining Licence
NAI-NAIS MINING LICENCE § Historical production of Sn and Ta – Tin Tan mine • Previously sold conc. to ISCOR - compatibility with processing facility similar metallurgy § Swarm of pegmatite intrusions closely spaced § Near Uis processing plant § Pegmatites extend from surface • Historically opencast
Slide 20: Exploration Upside at Nai-Nais
EXPLORATION UPSIDE AT NAI-NAIS § Li-bearing minerals include spodumene, petalite and lepidolite § Grab sample results: • ~ 3,92% Li₂O • ~ 0,246% Sn • ~ 60 ppm Ta § Future programmes: • Map mineralisation horizons • Characterise pegmatite size, mineralogy and geology • Establish bulk Li-Sn-Ta grades
Slide 21: Slide 21
Slide 22: B1C1 Licence – Tantalum Rich
B1C1 LICENCE – TANTALUM RICH § Uis plant can be utilized: • 10km from Uis • Similar mineralogy to Uis § Artisanally mined ~ 2 m depth for Ta and secondary Sn minerals § Historic drilling and trenching database: • 3 m composite @ 864 ppm Ta; 308 ppm Sn • 3 m composite @ 95 ppm Ta; 4088 ppm Sn • 3 m c
Slide 23: Slide 23
Slide 24: Brandberg West
BRANDBERG WEST § Licence area largely under-explored (35 000 ha) § Historically owned and operated by Goldfields • Initial underground operation started open cast in 1957 • Over 20 years of continuous concentrate production • Peak production in 1978 - 1 249 tonnes of tin and tungsten concentrate § V
Slide 25: Brandberg West Exploration Upside
BRANDBERG WEST EXPLORATION UPSIDE § Mineralisation at surface extends for 3 km along strike § High resolution soil sampling programme undertaken by Goldfields • ~2150 points sampled and analysed • Grades up to: • 1132 ppm Sn • 1774 ppm W • 2000 ppm Cu § Additional regional exploration targets identi
Slide 26: Looking Forward
LOOKING FORWARD 2021 2022 Project Programme Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Additional Down-dip Extensions V1/V2 Pit Ta & Li Drilling Programme Uis Design and Optimisation Modelling and design over Other Uis Pegmatites Brandberg West Exploration Licences B1C1 Nainais § Currently in the planning and implemen
Slide 27: Summary
SUMMARY § Uis shaping up to be a globally significant orebody for tin, lithium and tantalum § Phase 1 production has proven economics of mine for tin only in the modern era § Potential to super-charge revenues and returns through by-product extraction and 10 fold scale up to Phase 2 making it a glob
Slide 28: Anthony Viljoen, CEO; Registered office; Representative office
Anthony Viljoen, CEO info@afritinmining.com www.afritinmining.com Registered office PO Box 282 Oak House Hirzel Street, St Peter Port Guernsey GY1 3RH Representative office 2nd Floor, Building 3 Illovo Edge Office Park Corner Harries & Fricker Road Illovo Johannesburg, 2116 South Africa