Andrada Mining (ATM) – Lithium Scaled Expansion funded for 2023

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Andrada Mining Ltd., formerly known as AfriTin Mining Ltd., is an AIM-listed mining company focused on advancing its exploration and development projects in Namibia.

Andrada Mining Ltd., formerly known as AfriTin Mining Ltd., is an AIM-listed mining company focused on advancing its exploration and development projects in Namibia. The company’s flagship project, the Uis mine is an open-cast hard rock tin operation which produces and sells tin concentrate and holds lithium within its mineralisation.

The company in February 2023 announced an updated mineral resource estimate for its Uis mine. The JORC-compliant mineral resource estimate for the V1/V2 deposit of the operation is based on the company’s 2022 drilling initiatives which consisted of 7,000 m of drilling. The updated mineral resource estimate for the V1/V2 deposit contains 21 megatons of pegmatite mineralisation at an average grade of 0.72% Li2O in the measured category, 17 megatons of pegmatite mineralisation at 0.73% Li2O in the Indicated category and 43 megatons of mineralisation at 0.73% Li2O in the Inferred category.

Andrada Mining Ltd. plans to operate the Uis mine as a polymetallic operation in the future. The polymetallic operation is not envisioned to involve additional costs and will be able to process all metals present in the operations mineralisation. The company plans to conduct bulk sample test work at the Uis mine in the coming year through the construction of a pilot plant. The obtained samples from the test program will be implemented towards securing a lithium offtake agreement, with the ideal partner having the ability to construct a downstream processing facility at the mine at a later stage. The test program is planned to operate between 6 to 9 months. The possibility exists for the pilot plant to be incorporated into the processing circuit of the Uis mine enabling lithium production at an earlier stage.

CONDOLENCE MESSAGE ON THE PASSING OF HIS EXCELLENCY DR. SAM SHAFIISHUNA NUJOMA

We at Andrada Mining Limited join fellow Namibians in mourning the passing of His Excellency Dr. Sam Shafiishuna Nujoma, the Founding President of the nation. His visionary leadership, unwavering dedication, and tireless efforts shaped the Namibia we know today—one built on freedom, unity, and progress. Dr. Nujoma not only led Namibia to independence but also played a pivotal role in the development of key industries, including mining. His leadership laid the groundwork for a mining industry that continues to support employment, infrastructure development, and national prosperity. His legacy of resilience and forward-thinking leadership will continue to inspire us as we work toward a sustainable and prosperous future.

During this time of national mourning, we extend our deepest condolences to the Founding First Lady of the Republic of Namibia, Her Excellency Kovambo Nujoma, the rest of the Nujoma and Kondombolo families, and all Namibians.

May we carry forward his vision, and may his soul rest in eternal peace.

Chief Executive Officer

ANDRADA MINING LIMITED
9 February 2025

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