Lithium And Tantalum Infill Drill Programme Update

Andrada Mining Limited, formerly Afritin Mining Limited (AIM: ATM), an African technology metals mining company with a portfolio of mining and exploration assets in Namibia, announces further results from the lithium and tantalum infill drilling programme at the Company’s flagship operation, the Uis Mine (“Uis”). The programme aims to upgrade the existing lithium and tantalum 2019 Mineral Resource, stated in accordance with JORC (2012).

This update announces the results of 14 drill holes as illustrated on Figure 1. These results increase the total number of holes reported on to 49 of the 50-hole drilling programme, comprising 29 diamond and 21 reverse circulation (“RC”) drill holes. The aim of the programme is to increase the confidence of the existing lithium and tantalum Mineral Resource estimates in the V1/V2 pegmatite.

Highlights:

• Pegmatite was intersected in all holes at the depths and apparent widths, as predicted by the geological model;
• Significant pegmatite intersections include:
  • 94 m at 0.152% Sn, 66 ppm Ta and 1.18% Li2O for the drill hole V1V2051, from 139 m to 233 m;
  • 43 m at 0.147% Sn, 92 ppm Ta and 1.08% Li2O, from 57 m to 100 m; and 27 m at 0.25% Sn, 60 ppm Ta and 1.09% Li2O from 117 m to 144 m, for the drill hole V1V2048;
  • 63 m at 0.151% Sn, 79 ppm Ta and 1.43% Li2O for drill hole V1V2043 from 59 m to 122 m;
  • 30 m at 0.141% Sn, 117 ppm Ta and 1.34% Li2O for drill hole V1V2035 from 82 m to 117 m.
  • 35 m at 0.140% Sn, 108ppm Ta and 1.23% Li2O for drill hole V1V2038 from 71m to 106 m.
• Notable intersections of lithium mineralisation within the pegmatite intersections include:
  • 63 m at 1.43% Li2O for drill hole V1V2043 from 59 m to 122 m;
  • 30 m at 1.34% Li2O for drill hole V1V2035 from 82m to 112 m;
  • 35 m at 1.23% Li2O for drill hole V1V2038 from 71m to 106 m.

Anthony Viljoen (CEO) commented:
“As we continue to report on the drilling programme results, I am pleased that they further highlight the mineralisation potential of the V1/V2 pegmatite ore body. The additional 14 holes being reported on in this announcement are located in the centre of the pegmatite and show that the potential lithium, tin, and tantalum mineralisation continuing at depth. The higher lithium grades of up to 1.43% lithium oxide are particularly exciting because they further demonstrate the unrealised potential of the V1/V2 orebody and support the early development of a lithium processing plant. We look forward to providing additional information on the lithium resource through an updated Mineral Resource Estimate in the near future.”

News in full

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