Andrada Mining Limited · LSE:ATM

Andrada Mining — Vox Markets & Turner Pope Investments Webinar (February 2021)

30 slides from Andrada Mining's conference presentation, Feb 3, 2021

  1. Slide 1: Vox Markets & Turner Pope Investments Webinar

    Vox Markets & Turner Pope Investments Webinar 3 February 2021

  2. Slide 2: Disclaimer

    DISCLAIMER These presentation slides (the “Slides”) do not comprise an admission document, listing Any investment, investment activity or controlled activity to which the Slides relates is particulars or a prospectus relating to AfriTin Mining Limited (“the Company”) or any available only to such pe

  3. Slide 3: Company Overview & Market Backdrop

    Company Overview & Market Backdrop 3

  4. Slide 4: About Us: Becoming the African Tin Champion

    ABOUT US: BECOMING THE AFRICAN TIN CHAMPION  A tin mining company with a portfolio of production and near production tin assets in Africa  Uis Tin Mine – Namibia – Previously the worlds largest open cast tin mine  Nameplate tin concentrate production achieved at Uis for Stage I of Phase 1 during

  5. Slide 5: London's Only Pure-Play Tin Listing

    LONDON’S ONLY PURE-PLAY TIN LISTING The right commodity Low cost curve Sound market fundamentals, supporting First quartile cash-cost curve for Phase 2 stable commodity price outlook STRATEGIC PRINCIPLES Scalable Early production Phased development approach allows for early Large mining licence area

  6. Slide 6: Environmental, Social and Governance

    ENVIRONMENTAL, SOCIAL AND GOVERNANCE AfriTin Mining complies with all applicable safety, health & environmental laws in addition to our own company policies and requirements. We strive to use resources sparingly so as to reduce the impacts of our operations on the environment, stakeholders and surro

  7. Slide 7: Tin Market Fundamentals

    TIN MARKET FUNDAMENTALS Market overview Commodity demand in the electrical contact and battery materials markets - MIT  Tin is the glue of the technology revolution Tin Lithium AV/EV  ~40% of all tin consumed as solder in semiconductors and circuitry Cobalt Silver Robotics Nickel Renewables  Curr

  8. Slide 8: Tin Market Fundamentals

    TIN MARKET FUNDAMENTALS - Business Insider Markets  International Tin Association reporting demand could triple by 2050 TIN PRICE  The tin price has recovered to pre-COVID-19 levels, topping US$24 000/t – the highest since 2014 Tin Price (US$/t) at 02/02/2021 TOPS US$24K  Semiconductor industry i

  9. Slide 9: Huge By-Product Upside Potential

    HUGE BY-PRODUCT UPSIDE POTENTIAL  Tantalum Forecast global consumption of tantalum by application, 2018-2028 (tonnes Ta) – Roskill Forecast year-end tantalum pentoxide nominal  Roskill forecasts global demand will by prices, 2019-2028 (US$/kg Ta2O5) – Roskill grow by 4 - 5% pa between 2018 and 202

  10. Slide 10: Projects

    Projects 10

  11. Slide 11: Major African Tin Provinces

    MAJOR AFRICAN TIN PROVINCES AfriTin’s portfolio includes an interest in a number of mining and exploration areas across Southern Africa Erongo Region, Namibia  Mining Licences Bushveld Complex, South Africa  Uis: ML134  C1/B1: ML 129  Prospecting Rights  Nai-Nais: ML133  Mokopane Tin  Explora

  12. Slide 12: Namibian Assets – A Regional Footprint

    NAMIBIAN ASSESTS – A REGIONAL FOOTPRINT Historical mining footprint only a fraction of existing licence areas in a proven tin province. AfriTin aims to expand the company's footprint across the region. EPL5 670 EPL5 445 ML 134 ML 129 ML1 33 SOURCE: GOOGLE EARTH  Brandberg West: Exploration licence

  13. Slide 13: Uis – Flagship Asset

    UIS – FLAGSHIP ASSET HISTORIC (CIRCA 1989)  Historically the largest hard-rock tin mine in the world  Operating in excess of 3 decades  Historic production rates of ~1 500 tonnes Sn concentrate per annum  Large scale, conflict-free deposit located in mine friendly CURRENT Plant Discard Grits Nam

  14. Slide 14: Progress at Uis

    PROGRESS AT UIS  Achieved a globally significant JORC-compliant mineral resource estimate (MRE) for V1 and V2  95,539t of tin  6,091t of tantalum  450,265t of lithium oxide  Construction of processing plant completed  Nameplate tin concentrate production achieved at Uis for Stage I of Phase 1

  15. Slide 15: Geological Model

    GEOLOGICAL MODEL 141 drill holes over V1 V2 pegmatites  Multiple mineralised pegmatites mapped  Historical IMCOR drill data for V1 and V2 pegmatites has been validated by AfriTin’s Phase 1 exploration programme, allowing incorporation into geological modelling  141 drill holes along a 25m grid sp

  16. Slide 16: Uis JORC-Compliant Mineral Resource Estimate

    UIS JORC-COMPLIANT MINERAL RESOURCE ESTIMATE Globally significant maiden resource  Drill results validated the historical exploration data generated by ISCOR subsidiary IMCOR, allowing an additional 141 drill holes to be incorporated into the mineral resource estimate  Ancillary elements analysed

  17. Slide 17: Exploration Upside

    EXPLORATION UPSIDE  Concurrent exploration programmes are targeting higher grade pegmatites with low stripping ratios  Regional mapping programme completed on surrounding pegmatites  Visual confirmation of cassiterite mineralisation for over 180 pegmatites within 5km of processing plant  Detaile

  18. Slide 18: Mining

    MINING  Mining operations over the V1 and V2 pegmatites were established in May 2019 Section: V2 Pegmatite Section: V1 Pegmatite Topography  Conventional open pit mining methods, with a 900 amsl Topography truck and excavator mobile equipment 800 amsl Phase 1 combination utilised Phase 5 Phase 4 P

  19. Slide 19: Metallurgy

    METALLURGY  Coarse grained cassiterite crystals allowing for easy liberation through crushing  Efficient pre-concentration with dense medium separation (DMS) produces 80% waste rejection at high recoveries  Large material density3differentials 3 (cassiterite > 5.0 g/cm , gangue 2.7 g/cm ) allowin

  20. Slide 20: Process Flow Diagram

    PROCESS FLOW DIAGRAM 0.5 TPH 0.2 TPH 0.7 TPH ROM Sn 4.59% Sn 1.35% Sn 3.57% 173 TPH Rougher Scavenger 23.5 TPH Sn 0.14% Spiral Sn 0.04% Spiral 0.7 TPH Sn 2.30% Fine 24 TPH VGF and Sn 0.12% Shaking Primary Table Crushing De- 0.1 TPH Thickener Sliming 4 TPH Sn 0.03% Sn 0.13% 0.04 TPH Sn 56.5% 28 TPH S

  21. Slide 21: Infrastructure

    INFRASTRUCTURE Power supply  Formal (10 year) supply agreement concluded with Namibia Power Corporation:  Provides for the full on-site power requirements for Phase 1 mining and processing facility from the national grid  AfriTin constructed its own substation to transform the supply to medium vo

  22. Slide 22: Uis Phase 1: Processing Plant Expansion

    UIS PHASE 1: PROCESSING PLANT EXPANSION AfriTin plans to increase the production capacity of the Phase 1 processing plant beyond the current Stage I. This will occur in three distinct steps (Stages II-IV). A BFS has begun on a Fast-tracked Stage II. Stage I Stage II Fast-Tracked Stage III Stage IV O

  23. Slide 23: Uis Phase 2: Long Term Development Plan

    UIS PHASE 2: LONG TERM DEVELOPMENT PLAN Objectives  Leverage the production profile of Phase 1 in order to expand the operations of the business  Large-scale operation producing at least 5000 tonnes of tin concentration, representing ~1% of the global tin supply  Identify further mineralised pegm

  24. Slide 24: Exposure to a Major Tin Asset of Global Significance

    EXPOSURE TO A MAJOR TIN ASSET OF GLOBAL SIGNIFICANCE  Clear development timeline with catalysts for value creation:  Fully permitted operation  Production commenced August 2019  Nameplate capacity reached  Phase 1 Stage I production target exceeded  V1 V2 resource JORC-compliant  Robust Phase

  25. Slide 25: Appendices

    Appendices 25

  26. Slide 26: Team

    Team Experienced and invested Board & Management team: Glen Parsons Frans van Daalen Chairman COO  CEO of Mariana Resources from 2010 until its sale to Sandstorm for $175m in  Qualified mining engineer with 20+ years’ operational and technical July 2017 experience  20+ years’ experience both as a

  27. Slide 27: Uis – Asset History

    UIS – ASSET HISTORY IMCOR acquires the asset and installs a c. 35tph tin recovery Imcor enlarges the plant to c. Discovery of plant to produce cassiterite 140tph producing c. 100-120 tpm the asset. concentrate. cassiterite. 1911 1948/51 1958 1966 1980 1989 Asset is acquired by Mr Angus Munro; Uis IM

  28. Slide 28: Namibia: A Stable Investment Jurisdiction

    NAMIBIA: A STABLE INVESTMENT JURISDICTION  Complimentary mining and exploration jurisdiction with a developed Walvis Bay Port upgrade Road between Uis transport infrastructure completed and Walvis Bay  Stable democracy with an independent, strong legal system  Country encourages foreign investmen

  29. Slide 29: Other Assets: South Africa

    OTHER ASSESTS: SOUTH AFRICA  Mokopane Tin Project – located on the northern limb of the Bushveld Complex  Prospecting right 2205PR covering six farms (13 253 Ha)  Prospecting right 2371PR covering three additional neighbouring farms (awaited)  Four targets identified, exploration conducted on tw

  30. Slide 30: Anthony Viljoen, CEO – Contact

    Anthony Viljoen, CEO info@afritinmining.com www.afritinmining.com Registered office 18 – 20 Le Pollet St Peter Port Guernsey Representative office 2nd Floor, Building 3 Illovo Edge Office Park Corner Harries & Fricker Road Illovo Johannesburg, 2116 South Africa Investor Relations – UK 55 Baker stree

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