Andrada Mining lifts revenue despite cost pressures Chamwe Kaira Andrada Mining Limited reported a 32% increase in revenue to £23.8 million (N$563 million) for the year ended 28 February, supported by stronger tin prices, higher contained tin production, and initial sales of tantalum. The average realised tin price rose 21% to US$31 081 per tonne, helping offset rising costs. Chief financial officer Hiten Ooka said the cost of sales rose 28%, largely due to a 22% increase in production costs driven by higher maintenance expenses from unplanned plant outages. Finance expenses climbed to £6.3 million, adding pressure on net earnings. The royalty charge increased sharply from £0.1 million to £1.2 million, reflecting higher tin production and a full year of royalty payments compared to just two months in the previous year. Management expects the rate to ease as volumes at the Uis Mine grow. Despite cost pressures, gross profit rose to £3 million from £1.7 million, while operating losses narrowed 52% to £3.9 million. The improvement was supported by £1 million in other income, including foreign exchange translation gains and tin derivative instruments, and a one-off £1.7 million participation fee from SQM. Administrative costs fell 18% to £5.1 million after staff cuts and reduced professional fees following restructuring at the Johannesburg office. In November, Andrada signed a landmark agreement with Sociedad Química y Minera de Chile SA through its subsidiary SQM Australia (Pty) Ltd, a global leader in lithium production, to collaborate on developing Andrada’s Lithium Ridge asset. The deal marks SQM’s first lithium partnership in Africa, boosting Namibia’s position in the global lithium market. Looking forward, Andrada expects the completion of its CI2 programme in the 2026 financial year to enhance plant reliability and reduce downtime. On financing, Bank Windhoek Limited extended working capital and short-term facilities to manage cash flows and provided a N$10 million (£429 000) guarantee to Namibia Power Corporation to secure electricity supply. In February 2025, Andrada secured US$2.5 million (£2.0 million) from long-term shareholder the Orange Trust to fund the acquisition of a jig plant, part of its tin production expansion strategy.

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Andrada begins drilling at Lithium Ridge Chamwe Kaira Andrada Mining Limited has started exploration drilling at its Lithium Ridge project in the Erongo Region.  The company is working with Sociedad Química y Minera de Chile SA through its subsidiary SQM Australia (Pty) Ltd. The drilling forms part of the first stage of a three-stage earn-in agreement with SQM. Under this stage, SQM will fund up to U$7 million in exploration to secure an initial 30% interest. Across all three stages, SQM may fund up to U$40 million. The programme involves 14 000 metres of orientated diamond drilling on priority lithium targets.  It also includes high-resolution geological mapping and sampling, which has already identified new granites with visible mineralisation.  The work builds on historical results showing up to 2.13% lithium along a six-kilometre mineralised ridgeline. Andrada chief executive officer Anthony Viljoen said the commencement of drilling at Lithium Ridge with its tier-1 joint-venture partner, SQM, is a significant step forward in unlocking one of Namibia’s most exciting lithium opportunities.  “The encouraging historical results of up to 2.13% lithium along the 6 km ridge line are already being complemented by a new geological mapping and sampling programme that has identified additional mineralised granites containing visible crystals. This strengthens our confidence in the scale and quality of the project, “ Viljoen said. The Lithium Ridge licence covers about 3,300 hectares and is located 35 kilometres southeast of the Uis mine. Last year, Andrada completed the construction of two facilities at Uis to enable co-production of lithium and tantalum. According to the Chamber of Mines 2024 Annual Report, ore processed at Uis increased by 17% to 951 698 tonnes, driven by higher crusher throughput. The company produced about 50 115 tonnes of saleable tantalum concentrate, with an offtake agreement in place with Afri-Met Resources AG of Switzerland.  Total tin concentrate production in 2024 was 1 523 tonnes. Caption Anthony Viljoen

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New mineralised pegmatites identified at Lithium Ridge – Andrada im-listed Andrada Mining has begun exploration drilling at the Lithium Ridge project, in Namibia, in partnership with Sociedad Química y Minera de Chile (SQM) through its subsidiary SQM Australia. The company says this milestone is part of the workplan of the first stage under its earn-in agreement with SQM. Under

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Andrada Mining Completes Construction of Second Processing Plant at Uis Mine, Namibia - Shanghai Metals Market Andrada Mining Completes Construction of Second Processing Plant at Uis Mine, Namibia  Shanghai Metals Market

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Andrada Mining boosted as it takes step closer to doubling tin output Andrada Mining Ltd shares moved higher on Thursday, after reporting that construction of the second processing facility at the Uis mine in Namibia has been completed on schedule and within budget. The new Jig Plant will begin commissioning in the final week of August, it confirmed. The facility is designed

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Andrada accelerates growth of its tin production Chamwe Kaira  Andrada Mining Limited has completed construction of its second processing plant at the Uis mine in Erongo.  The jig plant was built on time and within budget, and commissioning is set to begin in the final week of August. The new plant is expected to boost tin output significantly by adding more processing capacity.  Chief executive officer Anthony Viljoen said the completion of the jig plant on time and within budget is a smart, low-cost upgrade that will immediately boost Uis tin production on the completion of commissioning.  “The plant is a key milestone towards doubling production and positions Andrada well to capture the benefits of a robust and strengthening tin market.” The jig plant sits next to the existing tin processing facility and has a modular design that allows for scalable expansion.  It operates independently, ensuring uninterrupted production at the primary plant. It is built for a nameplate capacity of 80 to 100 tonnes per hour, with the potential to process up to 40 000 tonnes of ore per month at a recovery rate of 70%.  Actual performance will be confirmed during commissioning. Initial feedstock will come from nearby pegmatites with tin grades between 0.14% and 0.3%, as well as from stockpiles.  Andrada has also signed an agreement with Goantagab Mining to supply up to 20 000 tonnes of ore at a grade of 1.5% tin. The company said the jig plant is an important step in improving tin output and overall cost efficiency.  All of Andrada’s assets are located in the Erongo region, which hosts deposits of base, technology, and precious metals, as well as nuclear fuels.  The company holds two mining licences, Uis (ML134) and Lithium Ridge (ML133), and one exploration licence, Brandberg West (EPL 5445).

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Uis mining project raises N$120 million for expansion Chamwe Kaira Andrada Mining Limited has raised N$120 million to support the expansion of its operations at Uis in the Erongo Region.  The company closed its previously announced subscription and share placing, securing a total of £5 million (approximately N$120 million). Of this amount, £4.5 million (approximately N$108 million) came through an equity subscription involving 150 million ordinary shares taken up by Talent10 Resources Proprietary Limited.  Talent10 now holds 8.16% of Andrada’s enlarged issued share capital. The remaining £0.5 million (approximately N$12 million) was raised by placing 16 million shares with institutional and professional investors.  The bookrunner for the placement was H&P. In total, the transaction issued 166,666,666 new ordinary shares. Andrada plans to use the funds to speed up the installation of ore sorters and accelerate the commissioning and ramp-up of its jig plant at Uis.  The company estimates production could double by 2026. Part of the funding will also support general working capital. “I am delighted to welcome Talent10 as a new strategic institutional investor in Andrada,” said Anthony Viljoen, Chief Executive Officer. “Talent10 has a highly respected southern African mining pedigree, backed by a network of some of the top names in the industry. The partnership not only supports the completion of key outstanding capital projects at Uis but also places Andrada at the heart of an ecosystem primed to accelerate our future growth.” Viljoen also acknowledged existing shareholders who supported the placing.  “This partnership strengthens our portfolio offering and supports our strategy to establish Andrada as a leading supplier of critical minerals. We look forward to working closely with Talent10 as we continue to unlock value across our portfolio of mining assets,” he said. Andrada is focused on developing lithium, tin, and tantalum assets essential to the global energy transition.  The company operates a mine and processing plant at Uis and plans to expand production to include petalite, a lithium-bearing mineral. Its resources are concentrated on the Damara Belt, known for its rich metal deposits.

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Andrada, Goantagab sign profit sharing agreement Andrada Mining has signed an ore supply and profit sharing agreement with Goantagab Mining effective 6 June. The agreement is between Andrada’s wholly-owned subsidiary, Uis Tin Mining Company, and Goantagab Mining. Under the agreement, Goantagab will supply up to 240 000 tonnes per year of high-grade tin ore, averaging 1.5% tin, to the Uis facility. Initially, 100% of the net profit generated from the sales of Goantagab ore will be directed towards repaying the debt Andrada incurred for the procurement of its recently announced additional jig plant at Uis, as well as covering related working capital requirements. Once all debt obligations for the new plant are fully settled, the profit-sharing model will shift. At that point, 100% of the net profit will be shared equally between Uis Tin Mining and Goantagab Mining. If the ore is processed through the existing Uis plant, the profit split will be 60% to Uis Tin Mining and 40% to Birca, the parent company of Goantagab Mining. Andrada Mining chief executive Anthony Viljoen says the agreement will yield mutual benefits for both parties. “This initial phase of profit allocation is a clear demonstration of our commitment to financial prudence and ensuring the swift operationalisation of our new processing capabilities. It’s about setting a strong foundation for sustained shared success,” says Viljoen. Goantagab Mining is jointly owned by Birca and Boltbroker Investments. The company serves as the operating agent on behalf of the owners of 18 mining claims located in the Goantagab area of Namibia’s Kunene region, near Khorixas. In accordance with its internal, unaudited management accounts to 12 June 2025, Goantagab Mining has no turnover, profits or asset value. Andrada has the option to fully acquire Goantagab Mining for US$15 million, provided certain conditions are met. The post Andrada, Goantagab sign profit sharing agreement appeared first on The Namibian.

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Andrada Mining inks ore acquisition agreement at Goantagab in Namibia - marketscreener.com Andrada Mining inks ore acquisition agreement at Goantagab in Namibia  marketscreener.com

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Andrada kicks off Lithium Ridge exploration, posts strong first quarter Andrada Mining has begun stage one exploration at its Lithium Ridge project in Namibia, marking a key step in its strategy to diversify into battery minerals. The exploration campaign follows the approval of a workplan and budget by the company’s joint development committee with Chilean lithium producer SQM, and is being funded through a N$124-million facility. Senior executives from both companies visited the site in May, underscoring their commitment to the project. Commercial discussions for the development of a lithium pilot plant are ongoing. Alongside its lithium ambitions, Andrada is progressing with the construction of a new jig plant at its flagship Uis mine. The front-end crushing circuit has been delivered to site, and fabrication of key components is underway. Civil works for the plant have been completed, with initial production targeted for the second half of 2025. Components for the pre-concentration circuit, including Metso crushers and ore sorters, have also arrived and are awaiting installation pending re-engineering of the existing systems. “Construction of the new jig plant is advancing well,” says Andrada chief executive Anthony Viljoen. “As we look ahead, Andrada remains focused on operational excellence, disciplined capital deployment, and the strategic development of our diversified critical minerals portfolio.” The company has also reported a solid operational performance for the first quarter ended 31 May (quarter one of the 2025/26 financial year). Ore processed at Uis rose 7% year on year to 254 745 tonnes, supported by upgrades to the Dense Media Separation circuit and the installation of new shaking tables under its continuous improvement 2 (CI2) programme. “During the quarter, we were delighted to see solid performance improvements at our Uis operation supported by enhancements from our CI2 programme,” says Viljoen. “These modifications drove an increase in processing rates and tin production, highlighting the growing efficiency and reliability of our operations.” Tin concentrate output rose by 11% year on year to 405 tonnes, while contained tin production increased 2% to 238 tonnes. The plant utilisation rate improved to 93%, up from 90% the previous year, and processing rates climbed 6% to 142 tonnes per hour. The average tin grade declined by 4% year on year to 0.136% due to the use of blended ore, though it improved slightly compared to the previous quarter. Higher throughput helped offset the lower grade. Byproduct output also improved, with saleable tantalum concentrate production rising to 12.1 tonnes from 8.6 tonnes a year earlier. Around 10 tonnes were shipped to offtake partner Afrimet during the quarter. Financially, Andrada benefited from stronger tin prices and lower operating costs. The average tin price rose by 7% year on year to N$585 695 per tonne. C1 costs fell by 11% quarter on quarter to N$335 485, while C2 costs declined 3% to N$428 464. The all-in sustaining cost dropped 2% to N$514 723 per tonne. “Operational cost performance improved overall, driven by ongoing proactive cost-reduction initiatives that are expected to enhance cash flows over the course of the year,” Viljoen says. “This includes the completion of a group-wide corporate restructuring, which is expected to further rationalise the cost base and strengthen overall profitability.” The post Andrada kicks off Lithium Ridge exploration, posts strong first quarter appeared first on The Namibian.

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Andrada reports strong first quarter gains Chamwe Kaira Andrada Mining continues to show strong operational progress at its Uis site in the Erongo Region, reinforcing its role in Namibia’s critical minerals sector. Chief Executive Officer Anthony Viljoen said the first quarter of 2025 saw solid performance improvements at the Uis operation. These gains were supported by upgrades made through the company’s continuous improvement programme, including modifications to the Dense Media Separation (DMS) circuit. He said these changes led to higher processing rates and increased tin production, showing improved operational efficiency and reliability. “Production of our increasingly valuable byproduct tantalum improved notably, reinforcing our multi-mineral offering,” said Viljoen. He added that operational cost performance improved due to proactive cost-reduction measures, including the completion of a group-wide corporate restructuring aimed at lowering the cost base and improving profitability. Construction of a new jig plant is also progressing. Viljoen said the front-end crushing circuit has been delivered to Uis and commissioned, while other components are either being fabricated or in transit. Civil works have been completed. “Initial production is targeted to commence in the second half of the 2025 calendar year, aligning with project timelines and supporting the company’s growth objectives,” he said. During the quarter, the company processed 254,745 tonnes of ore, a 7% year-on-year increase and a 4% rise from the previous quarter. Viljoen said this marks a significant milestone in the company’s tin expansion strategy. Tantalum output also increased, driven by higher feed grades and the reprocessing of off-spec material. About 12 tonnes of concentrate were produced, containing 1.4 tonnes of tantalum. “Of this, 10 tonnes of concentrate were shipped to Afrimet during the period, reflecting ongoing offtake execution and consistent production delivery,” he said. On lithium development, Viljoen said the work plan and budget for Stage 1 of Lithium Ridge have been finalised. This triggered the drawdown of a US$7 million funding facility to support exploration and drilling. Regarding the Lithium Pilot Plant, Viljoen said talks with potential off-takers are ongoing and commercial discussions are progressing, despite a challenging pricing environment.

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Andrada kicks off Lithium Ridge exploration, posts strong first quarter Andrada Mining has begun stage one exploration at its Lithium Ridge project in Namibia, marking a key step in its strategy to diversify into battery minerals. The exploration campaign follows the approval of a workplan and budget by the company’s joint development committee with Chilean lithium producer SQM, and is being funded through a N$124-million facility. Senior executives from both companies visited the site in May, underscoring their commitment to the project. Commercial discussions for the development of a lithium pilot plant are ongoing. Alongside its lithium ambitions, Andrada is progressing with the construction of a new jig plant at its flagship Uis mine. The front-end crushing circuit has been delivered to site, and fabrication of key components is underway. Civil works for the plant have been completed, with initial production targeted for the second half of 2025. Components for the pre-concentration circuit, including Metso crushers and ore sorters, have also arrived and are awaiting installation pending re-engineering of the existing systems. “Construction of the new jig plant is advancing well,” says Andrada chief executive Anthony Viljoen. “As we look ahead, Andrada remains focused on operational excellence, disciplined capital deployment, and the strategic development of our diversified critical minerals portfolio.” The company has also reported a solid operational performance for the first quarter ended 31 May (quarter one of the 2025/26 financial year). Ore processed at Uis rose 7% year on year to 254 745 tonnes, supported by upgrades to the Dense Media Separation circuit and the installation of new shaking tables under its continuous improvement 2 (CI2) programme. “During the quarter, we were delighted to see solid performance improvements at our Uis operation supported by enhancements from our CI2 programme,” says Viljoen. “These modifications drove an increase in processing rates and tin production, highlighting the growing efficiency and reliability of our operations.” Tin concentrate output rose by 11% year on year to 405 tonnes, while contained tin production increased 2% to 238 tonnes. The plant utilisation rate improved to 93%, up from 90% the previous year, and processing rates climbed 6% to 142 tonnes per hour. The average tin grade declined by 4% year on year to 0.136% due to the use of blended ore, though it improved slightly compared to the previous quarter. Higher throughput helped offset the lower grade. Byproduct output also improved, with saleable tantalum concentrate production rising to 12.1 tonnes from 8.6 tonnes a year earlier. Around 10 tonnes were shipped to offtake partner Afrimet during the quarter. Financially, Andrada benefited from stronger tin prices and lower operating costs. The average tin price rose by 7% year on year to N$585 695 per tonne. C1 costs fell by 11% quarter on quarter to N$335 485, while C2 costs declined 3% to N$428 464. The all-in sustaining cost dropped 2% to N$514 723 per tonne. “Operational cost performance improved overall, driven by ongoing proactive cost-reduction initiatives that are expected to enhance cash flows over the course of the year,” Viljoen says. “This includes the completion of a group-wide corporate restructuring, which is expected to further rationalise the cost base and strengthen overall profitability.” The post Andrada kicks off Lithium Ridge exploration, posts strong first quarter appeared first on The Namibian.

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Andrada Mining eyes expansion in Namibia Andrada Mining has revealed plans to open additional mines in Namibia to capitalise on the growing global demand for green transition metals such as tin, tantalum and lithium. Andrada Mining chief executive Anthony Viljoen expresses confidence in Namibia’s mining potential. “We’ve always been very bullish on Namibia, not only as an investment destination, but also from a geological point of view. When we started prospecting there, we were looking at the historic mining operations, and we’re very proud that what we’ve done and what we’ve contributed to Namibia has started to come to the fore. What we’re looking at now is expanding our footprint and opening more mines in Namibia and becoming a critical minerals champion for the future,” Viljoen says. Andrada is also focusing on the by-product potential of its existing operations, particularly at its flagship Uis Tin Mine, where lithium has emerged as a promising co-product alongside tin. “Similarly, at Uis, we’ve done a lot of work in terms of the by-product potential of mining lithium alongside the tin, and hopefully, in the not-too-distant future, we’ll be able to bring to the market exactly how we’re going to do that and integrate the lithium into our circuit. So, very exciting times on the lithium side, now with two projects,” he says. Viljoen adds that Andrada is engaging with its existing financiers to scale up operations at Uis without having to develop entirely new sites – a move that could accelerate production while minimising environmental and financial risk. Additionally, the company is eyeing several nearby pits that were previously mined by Iscor. These areas are now seen as promising new sources of tin and associated critical minerals. “At one stage, Uis was the largest hard-rock opencast tin mine in the world, and outside of the existing pit that we’re mining, there are a number of proximal pits that were mined by Iscor back in the day. We see a lot of potential to start mining those other pits. Also, there’s a lot of tin in the geological system around that region, so we see an opportunity to start a concurrent production line without disturbing our existing operations at the Uis plant,” Viljoen states. In April, Andrada reported that initial drilling in the previously mined areas of Uis had reaffirmed the scale and quality of pegmatites within a three kilometre radius of Uis’ existing processing plant. Tin, lithium oxide and tantalum intersections were described as highlighting the opportunity to augment major tin production with the added advantage of lithium and tantalum as value-enhancing co-products. The post Andrada Mining eyes expansion in Namibia appeared first on The Namibian.

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Andrada Mining eyes expansion in Namibia - The Namibian - Andrada Mining eyes expansion in Namibia  The Namibian -

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Andrada announces Uis exploration drilling results CHAMWE KAIRA  Andrada Mining Limited has announced initial drill results from 13 proximal pegmatites located within the Uis Tin Mine licence area (ML134) in Namibia’s Erongo Region. The company said the results reaffirm the scale and quality of mineralisation across the site and support its goal of expanding the production of tin, lithium, and tantalum—minerals critical to the global energy transition. These pegmatites are within a 3km radius from the existing processing plant at the Uis Tin Mine and constitute part of a swarm comprising approximately 180 mineralised pegmatites identified to date within the license area. The ongoing programme covering the 13 pegmatites comprises 44 diamond and 177 reverse circulation drill holes. The results in this announcement are for 136 holes (61%) because the company is awaiting analysis of the remaining 85 drill holes. Andrada CEO Anthony Viljoen commented, “These strong drill results reaffirm the scale and quality of mineralisation across Uis’s extensive swarm of pegmatites. High-grade intersections such as 1.13% tin, 1.76% lithium oxide, and 281 ppm tantalum validate our strategy to grow the resource towards 200 million tonnes and support future reserve definition.” Viljoen said the findings highlight the potential to re-establish the Uis Tin Mine as a significant global producer, with added value from lithium and tantalum. “The polymetallic nature of the deposit significantly enhances Uis’s economics and aligns with growing demand for critical metals across global markets,” he said. Andrada is focused on building a portfolio of high-quality technology metal assets across the Damara Belt. It currently operates a mine and processing facility at Uis and plans to expand production to include petalite (lithium). Viljoen added that the company is committed to unlocking the full value of Uis through disciplined investment and a targeted production scale-up strategy. “With a 5km strike length and broad mineralised zones, we believe Uis has the potential to become a cornerstone asset in Andrada’s long-term growth strategy.” Tin iTantalum is valued for its multiple uses relevant to the transition, particularly for its application as a solder. Its demand is increasing and is likely to outstrip supply in the long term. TTalalum, a transition metal renowned for its high melting point and corrosion resistance, finds numerous applications in the renewable energy sector, such as capacitors in wind turbines, solar energy systems, energy storage systems, and corrosion-resistant coatings. Lithium is a crucial component of energy storage and has an important role to play as renewable energy is increasingly integrated into national grids. The requirements of the energy transition can indeed be translated into an economically beneficial outcome.

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Andrada reports processing improvements in quarterly update Aim- and OTCQB-listed tin producer Andrada Mining’s ongoing continuous improvement programme has resulted in processing rates reaching 141 t/h, the highest level in the past five quarters, CEO Anthony Viljoen announced on March 31 in an operational update for the fourth quarter and 12 months ended February 28. During the

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