REG - Andrada Mining Ltd - Director/PDMR Shareholding

Andrada MiningAnnouncement

20/02/2023 07:00

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RNS Number : 3635Q  Andrada Mining Limited  20 February 2023

 

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                                                                                            Ordinary shares of 0.5 pence each

     Identification code

                                                                                                                                                            GG00BD95V148
 b)  Nature of the transaction                                                                                                                              Acquisition of existing shares
 c)  Price(s) and volume(s)                                                                                                                                 Price(s)  Volume(s)
                                                                                                                                                            4.97      563,239
 d)  Aggregated information

     -   Aggregated volume                                                                                                                                  563,239

      -   Price                                                                                                                                             4.97p
 e)  Date of the transaction                                                                                                                                17 February 2023
 f)  Place of the transaction                                                                                                                               London Stock Exchange (XLON)

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                         +44 (0) 20 7907 8500

 Andrew Chubb

 Jay Ashfield
 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

__________________________________________________________________________________________

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 (http://www.andradamining.com)

 

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