Andrada Mining Limited

(Previously AfriTin Mining Limited)

(“Andrada” or the “Company”)

Publication of the Inaugural Sustainability Report

Andrada Mining Limited (previously AfriTin Mining Limited) (AIM: ATM), an African technology metals mining company with a portfolio of mining and exploration assets in Namibia, is pleased to announce the publication of its inaugural Sustainability Report.

The report details the Company’s sustainability performance for the 2022 financial year (1 March 2021 – 28 February 2022) and details how the Company aims to comply with the requirements of the Sustainability Accounting Standards Board (“SASB”) and the GRI Sustainability Reporting Standards. The Company has created a dedicated environment, social and governance (“ESG”) department and looks to integrate ESG into Andrada’s operating model. This report provides a baseline for future ESG benchmarking, which will help the Company to track performance and ensure transparent reporting to all stakeholders.

Link to Sustainability Report: https://andradamining.com/company-reports/Sustainability-Report-2022.pdf

HIGHLIGHTS

In the period 1 March 2021 to 28 February 2022:

• Combined Scope 1 and Scope 2 greenhouse gases (“GHG”) emissions from the Uis Mine (“the Mine” or “Uis”) activities were less than 8.2% of the Equator Principles Annual Threshold at 8 208 tonnes of CO2e produced, or 0.018 tonnes of CO2e per tonnes of ore processed;
• The Mine abstracted water from non-potable groundwater (permitted borehole network) and surface water through a historical mining pit at a water-use intensity of 0.33 m3 per tonne of ore processed;
• 315 total employees at the Uis Mine, of which 128 were permanent staff and 187 were contractors, all of whom were Namibian citizens;
• 75% of senior managers at Uis were women;
• N$143 million (£6.8 million), or 49%, of expenditure at Uis was spent across more than 250 Namibian suppliers; and
• 86% of employees and 36% of all contractors attended Health, Safety and Emergency Response Training.

Commenting on the report, CEO Anthony Viljoen (CEO) said:

“We are pleased to release our maiden Sustainability Report that describes our approach to sustainability, the policies that guide our ESG implementation process and our performance for the financial year ended 28 February 2022. We recognise that the integration of ESG principles into our Company’s business model is an important step in the Company’s evolution into a significant tech-metals producer. Furthermore, our ambition is to lead by example and our Board is therefore ultimately responsible for our sustainability efforts across the Company. The Board is supported in this by the ESG Committee which was formed in August 2021. Andrada has shown ESG improvements over this past financial year, as is showcased within the report, and the team is committed to continual improvement in performance.”

News in full

In the interview below, Anthony Viljoen provides an overview of the business and gives a snapshot of the tin market