REG - Andrada Mining Ltd - Update on Brandberg West

Andrada MiningAnnouncement

12/10/2023 07:00

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RNS Number : 8545P  Andrada Mining Limited  12 October 2023

 

 

12 October 2023

 

Andrada Mining Limited

("Andrada" or the "Company")

Update on Brandberg West

Commencement of the Brandberg West exploration programme

Andrada Mining Limited (AIM: ATM, OTCQB: ATMTF), an African technology metals
mining company with a portfolio of mining and exploration assets in Namibia,
is pleased to confirm the commencement of an initial exploration programme for
the Brandberg West exploration licence.

HIGHLIGHTS

§ Brandberg West mine was historically a prolific producer of tin and
tungsten with strong indications of copper mineralisation.

§ Commencement of an exploration programme at EPL5445 which includes:

o  Evaluation of the polymetallic mineralisation of the historical opencast
operation.

o  Investigation of the mineralised extensions beyond the previously mined
site.

§ Mobilisation of a planned 3,000 metre drill programme to commence during
the second half of this calendar year.

Anthony Viljoen, Chief Executive Officer, commented:

"The exploration programme will enable us to determine the extent of the
mineralisation in and around the Brandberg West mine. The project provides an
exciting opportunity for us to duplicate the development process we have
successfully implemented at Uis, by taking it from an abandoned historical
operation, into a fully-fledged producing mine.

"The historical figures show that EPL5445 has the potential to double the
current volume of tin concentrate produced at Uis and add Tungsten to the
expanding list of metals produced by Andrada. The Erongo region continues to
prove itself to be an untapped technology metals province, and we are excited
to be commencing work on what we believe will be another world class
technology metals asset.

"Brandberg West will solidify Andrada's tech-metals portfolio by potentially
adding critical metals revenue streams of tungsten, and copper as a
by-product. We look forward to continuing with our exploration programme and
aimed at re-establishing the historical Brandberg West Mine."

Overview of BRANDBERG WEST
Location

Namibian exploration license EPL5445 is located 110km west of the Uis Mine
(ML134) within the mineral rich Erongo region of Namibia. The license covers
an area of 35 045 ha and includes the Brandberg West mine which was owned and
operated by the mining entity Gold Fields until closure in 1980. Historical
reports indicate that over 12 000 tonnes of tin and tungsten concentrate were
produced during the mine's life, with peak production recorded at 1 249
tonnes in 1978.

Above: Map of the location of Brandberg West licence in relation to the
Company's other mineral licences.

 
Mineralisation

Brandberg West is currently the only Namibian exploration licence within the
Company's portfolio. The project was acquired for its significant tin and
tungsten mineralisation in line with the Company's vision to become a tier-one
multi-tech-metal producer. The license has multiple documented mineral
occurrences that indicate the presence of a large-scale mineral system
including known concentrations of tin, tungsten, and copper. The potential
production of tungsten will expand the number of technology metals within the
Company's portfolio. Copper mineralisation has also been documented within the
mineralised area and will be investigated as a potential by-product. The
license area lies within the Southern Kaoko Zone, a division of the Damara
Orogen. The lithological units within the license area comprise a sequence of
metamorphosed sedimentary layers folded along a NNE-SSW trend. Multiple
generations of quartz veins have been identified within these metasediments,
with one or more of these generations being associated with hydrothermal tin,
tungsten, and copper mineralisation.

Uses of tungsten and copper

Tungsten is highly resistant to corrosion, has a very high melting point and
the highest tensile strength of any element. Current uses include electrodes,
heating elements, and filaments in light bulbs. It is also commonly used in
heavy metal alloys such as specialised steels from which, for example, cutting
tools are manufactured. Copper is a key input in the production of electric
vehicles constituting up to 25%¹ of the requisite metal content. Electric
vehicles contain approximately 1.5 km of copper wiring used to convert the
electrical energy to mechanical energy.

EXPLORATION PROGRAMME

A dual phased approach is planned for the development of the Brandberg West
licence area. The initial phase will investigate the historical mining area
and potential extensions of the mineralisation along strike, with the northern
extension identified as a priority due to the abundance of mineralised veins
visible at surface. This initial phase will also include evaluation of
high-grade mineralisation in the historical pit through a detailed drilling
programme. The mobilisation of a drilling programme comprising 3 000 metres
will commence during the second half of this calendar year and further updates
will be provided as results are obtained. The second phase entails
investigation of the mineralisation potential of the wider license area.
Essentially, this programme will investigate multiple occurrences of
mineralisation through sampling and geological mapping to establish potential
enrichment trends.

 

¹ Source: Report of the IEA - 'The Role of Critical Minerals in Clean Energy
Transitions' released May 2021.

 

 

 
Contact
 Andrada Mining Limited                   +27 (11) 268 6555

 Anthony Viljoen, CEO                     investorrelations@andradamining.com

 Sakhile Ndlovu, Investor Relations

 Nominated Adviser
 WH Ireland Limited                       +44 (0) 207 220 1666

 Katy Mitchell

 Corporate Adviser and Joint Broker
 H&P Advisory Limited                     +44 (0) 20 7907 8500

 Andrew Chubb

 Jay Ashfield

 Matt Hasson

 Stifel Nicolaus Europe Limited           +44 (0) 20 7710 7600

 Ashton Clanfield

 Calum Stewart

 Varun Talwar

 Tavistock Financial PR (United Kingdom)  +44 (0) 207 920 3150

 Jos Simson                               andrada@tavistock.co.uk

 Catherine Drummond

 Adam Baynes

 

 
About Andrada Mining Limited

Andrada 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.

An exploration drilling programme is currently underway at Uis 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 existing mine, together with its
substantial mineral resource potential, allows the Company to consider
economies of scale.

Andrada is managed by a board of directors with considerable industry
knowledge and a management team with extensive 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 the
way 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 that has been
implemented at all levels of the Company and aligns with international
standards.  END 

 

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