Slide 1: Mining Indaba Cape Town
Mining Indaba Cape Town 6 – 7 February 2023 LSE AIM: ATM NSX: ATM
Slide 2: Disclaimer
DISCLAIMER These presentation slides (the “Slides”) do not comprise an admission document, Any investment, investment activity or controlled activity to which the Slides relates listing particulars or a prospectus relating to Andrada Mining Limited (“the is available only to such persons and will be
Slide 3: Investment Case
INVESTMENT CASE Andrada is well-positioned to be a significant tech - metal producer
Slide 4: Key Success Factors
INVESTMENT CASE KEY SUCCESS FACTORS WORLD CLASS RESOURCE BASE NEGATIVE AISC¹ • Globally significant lithium resource with tin and tantalum • Negative AISC of US$490/t LCE² highly competitive by-products during commodity cycles • Upside spodumene potential on adjacent B1C1 mining licence DE-RISKED D
Slide 5: Strong Management Supported by an Experienced Board
INVESTMENT CASE STRONG MANAGEMENT SUPPORTED BY AN EXPERIENCED BOARD GLEN PARSONS TERENCE GOODLACE LAURENCE ROBB MICHAEL RAWLINSON Non-executive Chairman Non-executive Director Non-executive Director Non-executive Director • CEO of Awale Resources • NED Gold Fields Limited, • Visiting Professor at th
Slide 6: Namibia Is a Relatively Stable Mining Jurisdiction in Africa
INVESTMENT CASE NAMIBIA IS A RELATIVELY STABLE MINING JURISDICTION IN AFRICA Mining public policy perception index • Democratic government (2021) with an independent legal system African Rank Country Index Value • Supportive mining law regulated by the Minerals Act 1 Morocco 98 33 of 1992 which was
Slide 7: Tin & Tantalum Market Fundamentals
INVESTMENT CASE TIN & TANTALUM MARKET FUNDAMENTALS TIN Sn • Semi- conductor and new technology led demand • Limited substitution, limited new supply • Long-term pricing fundamentals remain robust • Recent price volatility due to macro events rather than fundamental TANTALUM Ta • A superalloy used in
Slide 8: Growing Uses of Petalite Hard Rock Lithium
INVESTMENT CASE GROWING USES OF PETALITE HARD ROCK LITHIUM Global lithium reserves Estimated at 21 million metric tonnes Primary resources Hardrock (Petalite or Spodumene) Sedimentary Brine Source: USGS Mineral Commodity Summaries (2022). Minerals Yearbook (2010) AN EMERGING AFRICAN TECHNOLOGY METAL
Slide 9: Strong Demand Growth Forecast
INVESTMENT CASE STRONG DEMAND GROWTH FORECAST Strong demand growth forecast with no foreseeable return to supply surplus No substitute for battery cathode chemistry Increasing supply deficit an opportunity for Andrada Source: Bloomberg NEF, Wood Mackenzie, Broker research, Benchmark Mineral Intellig
Slide 10: Rebranding: Tin Focus to Tech-Metals Focus
INVESTMENT CASE REBRANDING: Tin focus tech – metals focus • AfriTin associated with tin production only. • Increased confidence in lithium and tantalum mineralisation throughout the resource • Expanded vision to harness the value from the current by- products of tin production • Potential technolog
Slide 11: Operational Update
OPERATIONAL UPDATE Operating Uis mine demonstrates management’s ability to execute
Slide 12: Increased Production Profile Following Expansion Project
OPERATIONAL UPDATE INCREASED PRODUCTION PROFILE FOLLOWING EXPANSION PROJECT UIS performance as at November 2022 • Commissioning of expanded crushing and tin concentrating circuits • 88 tonnes of concentrate containing 53 tonnes of tin produced - 88% of the expanded nameplate - 76 tonnes at 48t tin m
Slide 13: Tin Production Growth
INVESTMENT CASE INVESTMENT CASE TIN PRODUCTION GROWTH ✓ Expansion ✓ commissioned Final configuration Achieved above 10,000 tpa contained Sn nameplate production Ore sorting 2,500 tpa contained Sn Uis tin production Crushing expansion to 900 tpa contained Sn Uis start-up operation Planned projects to
Slide 14: Lithium Update
LITHIUM UPDATE Lithium resource will make Andrada a globally significant, high-margin producer of technology metals
Slide 15: Lithium Investment Case
LITHIUM UPDATE LITHIUM INVESTMENT CASE Significant lithium resource 587kt Li₂O at 0.73% (JORC 2012) Conventional open-pit mining operation Lithium contained in the same ore body as the Current plant following expansion currently extracted tin Scalable early production through expansion of existing m
Slide 16: Establishing an On-Site Pilot Facility
LITHIUM UPDATE ESTABLISHING AN ON-SITE PILOT FACILITY Construction underway for V1V2 P i t lithium pilot facility, Current activity Processing facility w i t h production capacity of 20 tph 1,200 tpa nameplate Commissioning due 2023 • Operational expansion production • Commercial banking partnership
Slide 17: Licenced Areas Within a Tech-Metal Province
LITHIUM UPDATE LICENCED AREAS WITHIN A TECH-METAL PROVINCE Brandberg West Li Sn W Cu Lithium Ta Tantalum Uis Sn Li Ta Sn Tin B1/C1 Li Ta Sn Cu Copper Nai-Nais Sn Li Ta W Tungsten Mine in production Developing projects AN EMERGING AFRICAN TECHNOLOGY METALS CHAMPION
Slide 18: Opportunity to Substantially Increase the Resource
LITHIUM UPDATE OPPORTUNITY TO SUBSTANTIALLY INCREASE THE RESOURCE K-Cluster P-Cluster Processing Plant V1V2 Orebody (Current Resource) MRE V1V2 Tin Tantalum Lithium September 2019 (Sn) (Ta) (Li₂O) Grade 0.134% 85ppm 0.63% Resource tonnes* 71.54 Mt 71.54 Mt 71.54 Mt V-Cluster (excl. V1V2) Contained m
Slide 19: Lithium Resource Upgrade: Mineral Resource Estimate
LITHIUM RESOURCE UPGRADE MINERAL RESOURCE ESTIMATE MRE V1V2 Tin Tantalum Lithium Pegmatites (Sn) (Ta) (Li₂O) February 2023 Grade 0.15% 86 ppm 0.73% Resource tonnes⃰ 81 Mt 81 Mt 81 Mt Contained metal 120 Kt 6.96 Kt 1.45 Mt LCE MRE Proximal Tin Tantalum Lithium pegmatites (Sn) (Ta) (Li₂O) January 2023
Slide 20: Potential Lithium Contribution to Uis
LITHIUM UPDATE POTENTIAL LITHIUM CONTRIBUTION TO UIS* GROSS REVENUE DISTRIBUTION POTENTIAL FUTURE LITHIUM PRODUCTION COST PROFILE 5% 34% Negative AISC 61% Tin concentrate Lithium concentrate Tantalum concentrate *Management estimate LCE = Lithium Carbonate Equivalent *Based on Roskill/Wood Mackenzie
Slide 21: Andrada Well Positioned to Become the Next Large Hard-Rock Lithium Producer
LITHIUM UPDATE ANDRADA WELL POSITIONED TO BECOME THE NEXT LARGE HARD-ROCK LITHIUM PRODUCER Andrada Care & maintenance Feasibility/ Development Producing Source: Company information 1) Bubble size represents LOM average annual lithium concentrate production 2) Based on Consolidated Phase 1 and 2 tech
Slide 22: B1C1
LITHIUM UPDATE B1C1 Historic activity • Mineralogically similar to the Uis pegmatites • Artisanally mined to 2-3 m depth primarily for tantalite • Spodumene mineralisation identified • Proximal pegmatites to be further investigated Work plan overview: • Initial drilling commenced in January 2023 - T
Slide 23: Nai Nais
LITHIUM UPDATE NAI NAIS Work plan overview: • Infill mapping and sampling - To map and channel sample pegmatites along the high grade trend • Initial RC drill programme - To determine lithium mineralisation below surface - To prove continuation or mineralisation - To establish pegmatite morphology •
Slide 24: Development Roadmap
DEVELOPMENT ROADMAP MEDIUM-TERM 2022 2023 2024 2025 Tin Production Lithium Expansion 2.5 Mtpa plant feed Drilling 15,000 tpa LCE UIS MINE 2,500 tpa tin metal (ML134) Piloting 30 tpa Ta2O5 Feasibility Study 1 Mtpa plant feed Construction 900 tpa tin metal B1C1 Spodumene discovery Drilling & MRE (ML12
Slide 25: Short-Term ESG Roadmap
SUSTAINABILITY SHORT – TERM ESG ROADMAP Action Emissions and Net-Zero Strategy Development of and develop a Human Rights Due Q1 2023 Biodiversity Policy Q3 2023 Dilligence Programme Improve Community and Q2 2023 Publish Second Q4 2023 Stakeholder Relations Sustainability Report AN EMERGING AFRICAN T
Slide 26: CEO Quote: Tier One Technology Metals Mining Company
“Andrada aims to be a tier one technology metals mining company, sustainably creating value for all stakeholders.” Anthony Viljoen, CEO
Slide 27: Appendix
APPENDIX
Slide 28: EPL 5445 – Brandberg West
APPENDIX EPL 5445 – BRANDBERG WEST Work plan overview: • Initial drilling within the historical pit and along northern extension, • Programme divided into two parts due to budget constraints, • Initial portion has been approved. • Near- mine exploration programme • To follow up on litho-geochemica
Slide 29: Lithium Feedstock Specifications
APPENDIX LITHIUM FEEDSTOCK SPECIFICATIONS Chemical Market Technical Grade Glass/Ceramics Chemical Grade LiOH.H2O Spodumene Ore: >6% Li2O (>56.5 wt%) >1% Fe2O3 Lithium Hydroxide <8% Moisture Monohydrate Battery Grade Chemical Grade LiOH.H2O Petalite Ore: (>56.5 wt%) >4% Li2O <0.8% Fe2O3 Battery Produ
Slide 30: Contact Us
REGISTERED OFFICE POBox 282 Oak House Hirzel Street, St Peter Port 3rd Floor 150 Cheapside Investor Relations CONTACT US Guernsey GY13RH 7-10 Chandos Street London UK 1 Cornhill T: +27 11 268 6555 London EC2V 6ET United London info@andradamining.com W1G 9DQ Kingdom EC3V 3ND REPRESENTATIVEOFFICE | Un
Slide 31: KA Andrada a
KA Andrada a Mining andradamining.com