What's Happening?
Andrada Mining, an Aim-listed company, has reported significant operational improvements at its Uis mine in Namibia for the third quarter ending November 30. The company attributes these gains to its continuous
improvement program, which has led to increased throughput and stable tin production. The processing rate at Uis rose by 12% year-on-year, with a stable tin recovery rate of 73%. Tin concentrate production increased by 14% year-on-year, supported by higher throughput. Despite a slight dip in quarterly tin production due to scheduled maintenance, the processing plant is on track to meet its performance targets. Andrada is also advancing its lithium development projects and exploring partnerships for third-party ore supply to enhance regional growth opportunities.
Why It's Important?
The operational success at Uis positions Andrada Mining to capitalize on the current favorable tin market, with prices exceeding $40,000 per ton. As the only tin producer listed on Aim, Andrada is uniquely poised to benefit from the bull market. The company's strategic focus on critical minerals like lithium, tantalum, and copper aligns with global demand trends, potentially enhancing its economic prospects. The exploration and development activities in Namibia could transform the region into a hub for critical minerals, supporting Andrada's long-term growth strategy. This development is significant for stakeholders in the mining industry, as it highlights the potential for increased production and profitability in a market characterized by rising demand and prices.
What's Next?
Andrada plans to continue its exploration and development activities, particularly in lithium, with ongoing discussions with potential offtake partners. The company is also focused on optimizing its product mix to maximize value, guided by market conditions. The commissioning of a new jig plant is underway, with efforts to address initial start-up issues. Andrada is committed to building a pipeline of third-party ore partnerships to complement its production strategy. The company anticipates releasing findings from its metallurgical testwork in the second half of 2026, which will inform its broader lithium integration strategy. These steps are expected to support Andrada's growth and position it as a leader in critical mineral development in Africa.
