Andrada Mining (ATM) Investor presentation summary

Strategic objectives and business model

• Focus on sustainable production of critical raw materials, including tin, tantalum, and lithium.

• Operations based in Namibia, a stable and resource-rich jurisdiction with supportive legislation.

• Value-accretive partnerships, notably with SQM for lithium development.

• Emphasis on ESG, community upliftment, and integration of renewable energy.

• Proven management team with deep industry experience.

Asset portfolio and resource expansion

• Uis Mine holds a significant resource, with only 5% explored and major upside potential.

• Lithium Ridge partnership with SQM involves a three-stage earn-in agreement up to $42 million for 50% ownership.

• Brandberg West exploration shows high-grade tin, tungsten, and copper mineralisation.

• Portfolio includes fully permitted assets and exploration licenses in the Erongo region.

• Africa's underexplored geology offers further growth opportunities.

Operational and financial performance (FY2024)

• Ore processed increased 60% YoY to 915,599 tonnes; tin concentrate up 54% to 1,474 tonnes.

• Revenue rose 83% to £17.9 million; gross profit exceeded £1.7 million, reversing prior losses.

• C1 and C2 operating costs decreased by 10% and 7% respectively, reflecting economies of scale.

• Plant availability improved to 91%; tin recovery maintained at 69%.

• Funding secured for lithium and tantalum circuit construction and exploration campaigns.