20 February 2023
Andrada Mining Limited
("Andrada" or the "Company")
PDMR Trading
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, has received notice that non-executive director, Michael Rawlinson, purchased 563,239 shares at a price of 4.97 pence on 17 February 2023. Mr Rawlinson's total holding has increased to 3,882,615 ordinary shares in the Company representing 0.3% of the total shares in issue and 0.3% of the total voting rights.
The notifications set out below are provided in accordance with the requirements of the Market Abuse Regulations:
| 1 | Details of the PDMR | |||||||
| a) | Name | Michael Rawlinson | ||||||
| 2 | Reason for the notification | |||||||
| a) | Position/status | PDMR (and Non-Executive Director) | ||||||
| b) | Initial notification/amendment | Initial notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor | |||||||
| a) | Name | Andrada Mining Limited | ||||||
| b) | LEI | 213800FKOXWBL6JBVH90 | ||||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 0.5 pence each
GG00BD95V148 | ||||||
| b) | Nature of the transaction | Acquisition of existing shares | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
563,239 4.97p | ||||||
| e) | Date of the transaction | 17 February 2023 | ||||||
| f) | Place of the transaction | London Stock Exchange (XLON) | ||||||
| Andrada Mining Limited | +27 (11) 268 6555 |
| Anthony Viljoen, CEO Sakhile Ndlovu, Head of Investor Relations | |
| Nominated Adviser | +44 (0) 207 220 1666 |
| WH Ireland Limited Katy Mitchell | |
| Corporate Advisor and Joint Broker | |
| H&P Advisory Limited Andrew Chubb Jay Ashfield | +44 (0) 20 7907 8500 |
| Stifel Nicolaus Europe Limited | +44 (0) 20 7710 7600 |
| Ashton Clanfield Callum Stewart Varun Talwar | |
| Tavistock Financial PR (United Kingdom) | +44 (0) 207 920 3150 |
| Emily Moss Catherine Drummond Adam Baynes | |
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About Andrada Mining Limited
Andrada Mining Limited, formerly Afritin Mining Limited, is a London-listed technology metals mining company with a vision to create a portfolio of globally significant, conflict-free, production and exploration assets. The Company's flagship asset is the Uis Mine in Namibia, formerly the world's largest hard-rock open cast tin mine.
Lithium laboratory test work completed during the 2022 calendar year indicated a high-grade, ultra-low iron lithium petalite concentrate. The test work to convert lithium petalite concentrate to battery-grade lithium hydroxide was initiated with Nagrom, a leading Australian processing company, and commercial engagements with lithium petalite concentrate off - takers are on-going.
An exploration drilling programme is currently underway with the aim of expanding the tin resource over the fourteen additional, historically mined pegmatites, all of which occur within a 5 km radius of the current processing plant. The Company has set a mineral resource target of 200 Mt to be delineated within the next 5 years. The substantial mineral resource potential allows the Company to consider economies of scale.
Andrada is managed by a board of directors with extensive industry knowledge and a management team with deep commercial and technical skills. Furthermore, the Company is committed to the sustainable development of its operations and the growth of its business. This is demonstrated by how the leadership team places significant emphasis on creating value for the wider community, investors, and other key stakeholders. Andrada has established an environmental, social and governance system which has been implemented at all levels of the Company and aligns with international standards.
Detailed information on Andrada can be accessed on the Company website: www.andradamining.com
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