Slide 1: Andrada Mining Limited – Investor Presentation July 2024
Andrada Mining Limited A critical raw materials (CRM) producer July 2024 Investor Presentation AIM : ATM OTCQB: ATMTF
Slide 2: Disclaimer
DISCLAIMER These presentation slides (the “Slides”) do not comprise an admission document, listing particulars or a prospectus relating to Andrada Mining Limited (“the Company”) or any subsidiary of the Company, do not constitute an offer or invitation to purchase or subscribe AN EMERGING CRITICAL R
Slide 3: Strategic Framework
AN EMERGING CRITICAL RAW MATERIALS PRODUCER STRATEGIC FRAMEWORK Andrada’s goal is to sustainably produce critical raw materials INVESTOR PRESENTATION : JULY 2024
Slide 4: Our Purpose and Values
STRATEGIC FRAMEWORK OUR PURPOSE "Andrada identifies and produces critical raw materials from a robust portfolio of assets, for AN EMERGING CRITICAL RAW MATERIALS PRODUCER a more sustainable future, improved lives and the upliftment of communities located adjacent to our operations." ‘Andrada Board o
Slide 5: Value Proposition
STRATEGIC FRAMEWORK Value proposition AN EMERGING CRITICAL RAW MATERIALS PRODUCER Sustainability oriented Namibia, a top-tier investment business model jurisdiction Anchored on our values & strategic objectives Value-accretive Critical raw materials partnerships producer Proven management team INVES
Slide 6: Namibia, a stable resource rich mining jurisdiction in Africa
HIGH-QUALITY ASSETS IN A TOP-TIER JURISDICTION Namibia a stable resource rich mining jurisdiction in Africa SOUND LEGISLATION RESOURCE ENDOWED Democratic government Major minerals: Diamonds, Uranium, Gold, AN EMERGING CRITICAL RAW MATERIALS PRODUCER Independent legal system Erongo region endowed wit
Slide 7: A polymetallic resource portfolio
HIGH-QUALITY ASSETS IN A TOP-TIER JURISDICTION A polymetallic resource portfolio Licenced areas within the significant CRM Erongo region in Namibia – “The Erongo Jewel” AN EMERGING CRITICAL RAW MATERIALS PRODUCER Mine in production Developing Projects Exploration • Damara Belt an African metallogeni
Slide 8: Tin production has de-risked the lithium opportunity
CRITICAL MINERALS PRODUCER Tin production has de-risked the lithium opportunity CY 2020A CY 2023A CY 2025E Long-Term AN EMERGING AN • Pre-concentration circuit with • Establish a large-scale 10Mtpa EMERGING CRITICAL • Licence area: 18 000 Ha • Phase 1 ramp-up completed ahead of schedule ore-sorters
Slide 9: Demonstrated Management Ability
DEMONSTRATED MANAGEMENT ABILITY Over 90 years combined experience in exploration, mining, engineering, chemistry and finance C-suite with deep industry knowledge and skills AN EMERGING CRITICAL RAW MATERIALS PRODUCER ANTHONY VILJOEN HITEN OOKA Chief Executive Officer Chief Financial Officer Mining e
Slide 10: Value-accretive partnerships with equity & debt investors
VALUE – ACCRETIVE PARTNESHIPS WITH EQUITY & DEBT INVESTORS Capital Structure 28 June 2024 LSE AIM OTCQB MAJOR SHAREHOLDERS % IC 8 July 2024 5 July 2024 AN EMERGING CRITICAL RAW MATERIALS PRODUCER The Orange Trust 15.22 Closing share price 3.80 p 5.50 c Canaccord Genuity Wealth Management 6.41 52 – w
Slide 11: Sustainability is integrated into the business model
SUSTAINABILITY IS INTEGRATED INTO THE BUSINESS MODEL Integrated systems embedding sustainability into our operations and building resilient ecosystems and communities SUPPORTED BY THE UN SDG PRINCIPLES AN EMERGING AN Transparency with communities & EMERGING CRITICAL employees GOVERNANCE Thriving res
Slide 12: Andrada's Competitive Advantages
ANDRADA’s COMPETITIVE ADVANTAGES AN EMERGING CRITICAL RAW MATERIALS PRODUCER WORLD CLASS MULTIPLE CRITICAL SOCIAL LICENCE DE-RISKED FULLY PERMITTED RESOURCE BASE METALS PRODUCER TO OPERATE DEVELOPMENT ASSET PORTFOLIO • Significant lithium, tin and • Commercially producing tin • Investment into the N
Slide 13: Strategic Objectives
AN EMERGING CRITICAL RAW MATERIALS PRODUCER STRATEGIC OBJECTIVES Existing resources to transform Andrada into a globally significant, critical raw materials producer INVESTOR PRESENTATION : JULY 2024
Slide 14: Strategic Objectives
STRATEGIC OBJECTIVES STRATEGIC OBJECTIVES AN EMERGING CRITICAL RAW MATERIALS PRODUCER Tin and tantalum Lithium to market Resource expansion Portfolio growth expansion To expand the resource To harness growth To increase the supply of tin To supply lithium, base through exploration of opportunities i
Slide 15: Tin and Tantalum Expansion: Uis resource
TIN AND TANTALUM EXPANSION Uis mining license area with significant resource : 5% explored Uis Mine Ore Body: Current Resource, V1V2 Orebody: AN EMERGING CRITICAL RAW MATERIALS PRODUCER K3 K5 K8 K-Cluster K7 K10 P4/P5 P6 P-Cluster Processing plant V1/V2 V1V2 Orebody (Current Resource) MRE Uis Mine T
Slide 16: Milestones
TIN AND TANTALUM EXPANSION Milestones 2024 Foundations for 2022 int exponential growth po • Plant expansion increases tin th concentrate production by 67% ow • gr Preliminary Economic Assessment AN EMERGING CRITICAL RAW MATERIALS PRODUCER ial indicates huge upside nt ne po ex 2019 • Maiden JORC (201
Slide 17: Tin production to increase through pre-concentration circuit
TIN AND TANTALUM EXPANSION Contained tin production to increase to 1 600 to 2 000 tpa through the addition of a pre-concentration circuit AN EMERGING CRITICAL RAW MATERIALS PRODUCER INVESTOR PRESENTATION : JULY 2024 16
Slide 18: Tin ramp-up derisking lithium integration
LITHIUM TO MARKET Tin ramp-up derisking lithium integration AN EMERGING CRITICAL RAW MATERIALS PRODUCER Lithium Pilot Plant Existing Processing Plant More than 200Mt upside potential from regional pegmatites INVESTOR PRESENTATION : JULY 2024 17
Slide 19: Uis asset potentially one of the largest CRM resources globally
LITHIUM TO MARKET Uis asset potentially one of the largest CRM resources globally Uis Mine comparable to globally significant CRM mines • Historically the world’s largest open cast tin mine AN EMERGING AN • EMERGING CRITICAL V1/V2 resource at 138 million tonnes • Over 180 swarm of pegmatites • Large
Slide 20: Lithium investment case
LITHIUM TO MARKET Lithium investment case AN EMERGING CRITICAL RAW MATERIALS PRODUCER Scalable early production Significant lithium resource through integration with 587kt inferred Li₂O at 0.73% current tin mine operations (JORC 2012) Conventional open-pit Concentrate suitable mining operation as fe
Slide 21: Path to vertical integration
PATH TO VERTICAL INTEGRATION Tin and lithium expansion to be implemented in three phases Tin and lithium production ramp up 50 000 AN EMERGING AN Mining and concentrating Lithium refining 45 000 EMERGING CRITICAL Vertically integrated CRM producer 600 ktpa lithium concentrate 40 000 UIS MINE CRM PRO
Slide 22: Resource expansion: Lithium Ridge and Brandberg West
RESOURCE EXPANSION Spodumene dominant Lithium Ridge & tin / tungsten rich Brandberg West LITHIUM RIDGE MINING LICENCE BRANDBERG WEST EXPLORATION LICENCE AN EMERGING CRITICAL RAW MATERIALS PRODUCER Continuous lithium mineralisation along 6km strike Diversification potential through tungsten and coppe
Slide 23: Portfolio Growth
PORTFOLIO GROWTH Africa’s mineralogy provides numerous opportunities for growth Rich mineral tapestry in Africa will enable value-accretive partnerships AN EMERGING CRITICAL RAW MATERIALS PRODUCER 1.0 Aluminum Trade Exposure Copper Gold Lead 0 0.25 0.5 0.75 1 Nickel Iron Ore Palladium Zinc Supply Ri
Slide 24: Contact Us
CONTACT US AN EMERGING CRITICAL RAW MATERIALS PRODUCER T: +27 11 268 6555 investorrelations@andradamining.com T: +44 207 920 2150 andrada@tavistock.co.uk REGISTERED OFFICE PO Box 282 Oak House Hirzel Street, St Peter Port Guernsey GY13RH REPRESENTATIVE OFFICE | SOUTH AFRICA Illovo Edge Office Park B
Slide 25: Appendix
AN EMERGING CRITICAL RAW MATERIALS PRODUCER INVESTOR PRESENTATION : JULY 2024 APPENDIX
Slide 26: A seasoned board
CORPORATE OVERVIEW A seasoned board Expert and deep knowledge on mining, geology and financial markets ANAN GLEN PARSONS EMERGING Non-executive Chairman EMERGING • NED Capella Minerals Limited • Previously CEO of Mariana Resources Limited & Awale Resources • Over 20 years' experience as a mining exe
Slide 27: Why Lithium
WHY LITHIUM Strong demand growth forecast to surpass expected supply AN AN EMERGING EMERGING CRITICAL Strong demand growth forecast with no foreseeable return to supply surplus CRITICAL RAW RAW MATERIALS No substitute for battery cathode chemistry No substitute for battery MATERIALS PRODUCER cathode
Slide 28: Why Lithium: Growing uses of petalite hard rock lithium
WHY LITHIUM Growing uses of petalite hard rock lithium AN AN EMERGING GLOBAL LITHIUM RESERVES EMERGING CRITICAL Estimated at 21 million metric tonnes CRITICAL RAW PRIMARY RESOURCES Hardrock (Petalite or Spodumene) RAW MATERIALS MATERIALS PRODUCER Sedimentary Brine PRODUCER Source: USGS Mineral Commo
Slide 29: Why Tin
WHY TIN Limited substitution. Limited new supply AN EMERGING AN Refined Supply, Demand & Deficits Others EMERGING CRITICAL electric advanced renewable computers energy 460 35 vehicles robotics energy & IT storage 25 Surplus/Deficit (kt) per annum Tin Refined Tin (kt) per annum 420 15 Lithium 5 0 5 C
Slide 30: Technology and climate change is driving global tin demand
WHY TIN Technology and climate change is driving global tin demand AN AN EMERGING Tin Demand Forecast EMERGING CRITICAL (Refined Tin Use, ‘000 tonnes) Solar, 40% y-on-y growth • Solar Ribbon • Junction boxes (connectors) • PV electronics CRITICAL RAW Electric Vehicles, already 15% of car sales with
Slide 31: Supportive tin market fundamentals
SUPPORTIVE TIN MARKET FUNDAMENTALS Tin prices have strengthened on the back of increased demand and supply constraints • Tin fundamentals beginning to tighten with increasing demand in a time of heightened supply disruption risk. • Indonesia and Myanmar are large suppliers that face supply uncertain
Slide 32: Lithium feedstock specifications
LITHIUM FEEDSTOCK SPECIFICATIONS LITHIUM RIDGE MINING LICENCE (ML133) AN EMERGING CRITICAL RAW MATERIALS PRODUCER Chemical Market Technical Grade Chemical Grade Glass/Ceramics LiOH.H2O Spodumene Ore: (>56.5 wt%) >6% Li2O >1% Fe2O3 <8% Moisture Lithium Hydroxide Monohydrate Battery Grade Chemical Gra
Slide 33: Glossary
GLOSSARY Abbreviation Definition Abbreviation Definition AIM Alternative investment market ML Mining license AN EMERGING CRITICAL RAW MATERIALS PRODUCER ATM Andrada's ticker on AIM market mt Million tonnes ATMTF Andrada's ticker on the OTCQB market mtpa million tonnes per annum CAPEX Capital expendi
Slide 34: Andrada Mining
AN EMERGING CRITICAL RAW MATERIALS PRODUCER Andrada Mining INVESTOR PRESENTATION : JULY 2024 33