Andrada Mining Limited

(“Andrada” or the “Company”)

Uis Mine Mineral Resource Expansion

Additional Inferred Mineral Resource Estimate (“MRE”) for Tin

Andrada Mining Limited (AIM: ATM), an African technology metals mining company with a portfolio of mining and exploration assets in Namibia, announces an inferred, JORC (2012), MRE for tin over 11 historically mined pegmatite bodies located close to the actively mined V1/V2 pegmatite at the Uis Mine. These 11 pegmatites have been collectively termed the Proximal Pegmatites and are located within a 3 km radius from the existing processing plant.

Highlights:

• The V1/V2 pegmatite, as well as the Proximal Pegmatites are located within the mining licence ML134 as part of a swarm comprising more than 180 mineralised pegmatites;
• The maiden MRE announced on 16 September 2019, of 71.54 Mt of ore over the V1/V2 pegmatite, was based on information derived from 141 historical and 26 confirmatory drill holes;
• An additional inferred MRE for tin over the Proximal Pegmatites, derived from a further 809 historical drill holes, comprises 57.18 Mt of ore with an average grade of 0.131% tin, and containing 74,857 tonnes of tin metal has now been completed;
• The historical drill hole information further indicates that the Proximal Pegmatites remain open-ended at depth; and
• Andrada is embarking on a confirmatory drilling programme to improve the tin resource classification and to evaluate lithium and tantalum potential of the Proximal Pegmatites.

Anthony Viljoen (CEO) commented:

“The declaration of this inferred resource, using the historical drill data from the Uis Mine, significantly advances the total Andrada mineral inventory towards management’s internal mineral resource target of at least 200 Mt of mineralisation. These additional pegmatites, together with the mineral resource at the V1/V2 orebody, provide an entire resource portfolio of approximately 128 Mt of ore with a gross combined content of 170 kt of tin, making Andrada the owner of one of the largest tin assets globally. Furthermore, through our demonstrated ability to rapidly and profitably scale up production at the existing operations at the Uis mine, we believe Andrada has the ability to compound the Company’s economies of scale and position the company as one of the lowest cost tech-metal producers in the next five years.

The existing mineral reserve, that is currently being mined, as well as the ongoing infill drilling programme over the entire mining licence have also shown the potential of lithium mineralisation contained within the same pegmatites. Andrada looks forward to completing the work required to bring the lithium into production, as well as expanding the infill drilling programme to explore the huge opportunity that the Lithium presents as a co-product revenue stream with the tin operation in the coming months. Further announcements on this will be made in due course.”

News in full

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