Andrada Mining Limited · LSE:ATM
Andrada Mining — AfriTin Mining — Investor Presentation (April 2022)
23 slides from Andrada Mining's investor presentation, April 2022
Slide 1: Investor Presentation April 2022
INVESTOR PRESENTATION April 2022 *Presentation currently under review
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: Investment Case: An African Tech Metal Champion
AFRITIN MINING | CORPORATE PRESENTATION 2022 INVESTMENT CASE AN AFRICAN TECH METAL CHAMPION Top 3 tin resource globally with aim to be top 5 01 hard rock lithium and tantalum resource globally Operating Uis mine scaling up to be a material 02 producer of tin, tantalum and lithium. Phase 1 NPV of $52
Slide 4: Highly Experienced Board
HIGHLY EXPERIENCED BOARD GLEN ANTHONY TERENCE PARSONS VILJOEN GOODLACE Non-executive Non-executive Chief Executive Director Chairman Officer • NED Gold Fields Limited, Chairman • CEO of Awale Resources Limited • Mining entrepreneur Kumba Iron Ore Limited (TSXV listed West African gold explorer) • Ov
Slide 5: Corporate Overview: Shareholder Structure
CORPORATE OVERVIEW LME Tin Spot Price vs ATM Share Price SHAREHOLDER STRUCTURE 60,000 12 ATM Share Price (GBp) 50,000 10 LME Tin Price ($/tonne) 40,000 8 Institutions Ownership 30,000 6 Management 12% 20,000 4 10,000 2 Canaccord Genuity 12% 0 0 Naminco Limited 8% 02 0 0 0 02 202 202 20 0 20 02 1 1 1
Slide 6: Namibia: Stable Mining Jurisdiction
NAMIBIA: STABLE MINING JURISDICTION Democratic government with an independent strong legal system and excellent fiscal terms Long history of supportive mining sector. Mining law in Namibia is regulated by the Minerals Act 33 of 1992 which was amended in 2008 Mining is the biggest contributor to Nami
Slide 7: AfriTin's Namibian Activities
AFRITIN’S NAMIBIAN ACTIVITIES Brandberg West Tn Sn W Au Cu 1 Mine in Production UIS LI Tn Sn 3 Near-mine Development Projects B1/C1 LI Tn Sn 4 Tech Metals for targeted production 7
Slide 8: Highlights: Activities on Selected Namibian Assets
AFRITIN MINING | CORPORATE PRESENTATION 2022 HIGHLIGHTS Activities on selected Namibian assets Uis B1C1 Brandberg West Mining Licence 134 Mining Licence 129 Exploration Licence 5445 • Current Operational expansion • Exploration programme to • Exploration programme to • Li and Ta by-product test faci
Slide 9: Our Strategic Roadmap
AFRITIN MINING | CORPORATE PRESENTATION 2022 OUR STRATEGIC ROADMAP Future Growth NPV: TBC Uis Phase 2 2022 - 2025 Multi mine strategy Brandberg West targeting key technology & B1C1 NPV $2 billion metals CAPEX: $440 million 2022 - 2024 Phase 2 10x bigger scale exploiting entire ore body Uis Phase 1 C
Slide 10: The AfriTin Way
THE AFRITIN WAY SUPPORTED BY THE PRINCIPLES LAID OUT BY THE UN SDGs Transparency with communities & GOVERNANCE employees Zero Harm & Mine & Social Human Rights closure Partnering with our Hosts SOCIAL Economic Development Education Health Leveraging Global Partners Waste Water ENVIRONMENT Management
Slide 11: Uis Tin Mine – AfriTin's Flagship Asset
UIS TIN MINE – AFRITIN’S FLAGSHIP ASSET Ownership: 150 Employees Diversity PDI in Fatalities or Serious 85% ATM +97% Namibian 60% Managers Leadership Environmental 15% SMU Nationals are women 80% Incidents +43% from local 0 Uis/Daures regions KEY FACTS Mining method: Grid power Established groundwat
Slide 12: Uis 2021 Operational Performance
UIS 2021 OPERATIONAL PERFORMANCE +600k GBP p/m 14 million GBP 804 tonnes Sn Concentrate Free Cashflow Sunk Capital 70% increase from 2021 11 million GBP 98 tph throughput 24 million GBP EBITDA 23% above target Revenue 12
Slide 13: Sn Peer Group
SN PEER GROUP Sn Only Peer Analysis (Mineral Resource: M&I&In.) 450.00 400.00 350.00 300.00 250.00 kt 200.00 150.00 100.00 50.00 - MetalsX AfriTin (All Alphamin First Tin AfriTin (Current) Stel lar CornishMetals AfriTin AfriTin Cornish Company MetalsX Streams) Alphamin First Tin Stellar (Target) (Cu
Slide 14: Uis Reserves and Resources
AFRITIN MINING | CORPORATE PRESENTATION 2022 UIS RESERVES AND RESOURCES V1/V2 Orebody Material Mined to Date K-Cluster P-Cluster Processing Plant V1V2 Orebody Resource Classification Contained (Current Resource) Commodity Grade Classification Ore Tonnes (Mt) Metal (t) JORC - M 21.54 0.139 % 29 899 J
Slide 15: Operational Expansion
OPERATIONAL EXPANSION 01 Fully funded via lending facility with Standard Bank Namibia Ltd for the expansion project 02 Modular expansion Leveraging existing bulk infrastructure services and 03 installed processing configurations Increase tin concentrate production from 720 tpa to 04 2,800 tpa Lithiu
Slide 16: Current Workstreams
CURRENT WORKSTREAMS 01 Circuit upgraded to result in a 76% increase in tin concentrate throughput 02 XRT Ore sorter to increase feed grade by up to 2 – 4x with full-scale commissioning expected in 2023 Lithium and tantalum pilot test work facility 03 construction in progress. Results to be released
Slide 17: Our Financial Model & Capex
AFRITIN MINING | CORPORATE PRESENTATION 2022 OUR FINANCIAL MODEL & CAPEX METRICS CURRENT CURRENT EXPANSION EXPANSION PHASE PHASE 2 2 PROJECT US$50 million CAPEX US$ - US$440 million (Sunk Capital: US$20m) Payback Period (after tax) - 0.5 year 1.5 years NPV (after tax) US$47.89 million $526 million U
Slide 18: Uis Phase 2 Expansion
UIS PHASE 2 EXPANSION Phase 2 feasibility studies for a 10x 01 increase in scale to current operation 16k tpa of tin concentrate 02 480k tpa of lithium concentrate 320 tpa of tantalum concentrate 03 Preliminary Economic Assessment released 18
Slide 19: B1C1 Licence – Highly Prospective, Polymetallic Licence
B1C1 LICENCE - HIGHLY PROSPECTIVE, POLYMETALLIC LICENCE Positive identification of spodumene, a 01 primary lithium mineral within the B1 and C1 pegmatites 02 Known tin and tantalum mineralisation 03 Confirmation of historical drill database planned km 11 04 Target JORC (2012) compliant Mineral Resou
Slide 20: Brandberg West Licence
BRANDBERG WEST LICENCE Historic open pit tin and tungsten mine, operated by Goldfields 01 Polymetallic copper, gold) deposit (tin, tungsten, 02 Metallurgical testwork to identify fastest path to production 03 Confirmatory designed drill programme being Well suited to pre-concentration via ore 04 sor
Slide 21: Our Strategic Timeline
OUR STRATEGIC TIMELINE 2018 2019 2020 2021 2022 2023 2024 2025 2026 Today 100% Metallurgical Test Work Operations 100% Exploration Drilling 100% Construction & Commissioning 100% Feasibility Study Expansion 60% Construction & Commissioning Uis Current 60% Metallurgical Test Work Operations XRT Ore F
Slide 22: Upcoming News Flow
UPCOMING NEWS FLOW 01 AfriTin ESG Strategy 02 Lithium Test work Results 03 Ore Sorting Test Work Results 04 Lithium Strategy Development and Marketing 05 Exploration Drilling Results 06 Phase 2 Feasibility Studies 22
Slide 23: Contact Us
REGISTERED OFFICE POBox 282 Oak House Hirzel Street, St Peter Port Guernsey GY1 3RH 3rd Floor 150 Cheapside Investor Relations – UK REPRESENTATIVE OFFICE |SOUTH AFRICA 7-10 Chandos Street London 1 Cornhill Illovo Edge Office Park London Building 3, 2nd Floor, London EC2V 6ET 5 Harries Road, Illovo W