Andrada Mining Limited Director/PDMR Shareholding (3635Q)
20 February 2023 - 6:00PM
UK Regulatory
TIDMATM
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 .97 p
------------------------------------------------------------------ ----------------------------------
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
__________________________________________________________________________________________
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
- END-
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