Well, to put a closure on the thread, for those how are curious, this was my setup:
This is after the first 8mm and 11mm drilling (edges look a bit rough, but that's not a concern yet):
Then after putting epoxy glue on the insert and letting it sit for a few minutes, I've slowly threaded it right on the spindle of the machine, so that when the glue hardens, it sets the insert in a right angle position. Hopefully, this should do the trick. Thanks for the advice, gents.