Andrada Mining (ATM) Investor presentation summary

Strategic positioning and asset overview

• Operates in Namibia, a stable, resource-rich jurisdiction with supportive legislation and robust infrastructure, focusing on critical minerals such as tin, lithium, tantalum, and tungsten.

• Asset portfolio includes Uis (producing tin and tantalum, pilot lithium), Lithium Ridge (lithium and tin, SQM partnership), and Brandberg West (tin, tungsten, copper exploration).

• Uis Mine holds a JORC resource of 135Mt, targeting 200Mt, with ongoing validation drilling and regional exploration for further upside.

• Brandberg West exploration has shown high-grade intersections for tin, tungsten, and copper, diversifying the resource base.

Operational performance and growth initiatives

• Uis Mine has expanded production capacity, consistently exceeding nameplate capacity, with over 65% recovery and 90% plant availability/utilization.

• 59 shipments dispatched in FY2025 to long-term off-take partner; tantalum shipments began in 2024.

• Jig plant under construction, with ore sorter installation planned to further increase tin and tantalum output and reduce costs.

• Continuous improvement initiatives target 1,500tpa tin production, with a 30% increase in measured resources in 2025.

Resource expansion and partnerships

• SQM partnership at Lithium Ridge involves a staged earn-in up to $40 million for 50% ownership, with Andrada responsible for development.

• Drilling at Lithium Ridge confirmed significant lithium mineralization, with high recoverability rates and potential for battery-grade spodumene concentrate.

• Brandberg West maiden drilling in April 2024 confirmed high-grade tin, tungsten, and copper, supporting diversification.