For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250821:nRSU1657Wa&default-theme=true
RNS Number : 1657W Andrada Mining Limited 21 August 2025
The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 (MAR) as in force in the United Kingdom pursuant to the
European Union (Withdrawal) Act 2018. Upon the publication of this
announcement via Regulatory Information Service (RIS), this inside information
will be in the public domain.
Andrada Mining Limited
("Andrada" or the "Company")
Andrada accelerates growth of its tin production
Andrada Mining Limited (AIM: ATM, OTCQB: ATMTF), a tin producer with a portfolio of critical raw materials mining and exploration assets in Namibia, is pleased to announce the completed construction of the second processing plant ("Jig Plant") at the Company's flagship Uis mine.
HIGHLIGHTS
· Construction of the Jig Plant has been completed on time and within
budget.
· Commissioning of the Jig Plant to commence in the final week of August
2025.
· Tin output expected to significantly increase through additional
processing capacity granted by the Jig Plant.
Anthony Viljoen, Chief Executive Officer, commented:
"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."
Jig Plant CONSTRUCTION update
Construction of the Jig Plant, located adjacent to the existing tin processing facility, has been completed, with commissioning scheduled for the last week of August 2025. (See announcements dated 12 February 2025 and 17 June 2025). The modular design allows for scalable expansion while operating independently, ensuring uninterrupted production at the primary processing plant. The Jig Plant is designed for a nameplate capacity of 80 to 100 tonnes per hour, with a potential to process up to 40 000 tonnes of ore per month at a potential recovery rate of 70%. Actual operating parameters will be confirmed during the commissioning process. Initial feedstock will be sourced from the Uis proximal pegmatites with grades of between 0.14% and 0.3% tin, and existing stockpiles. Andrada has also secured an ore supply agreement with Goantagab mining to provide up to 20 000 tonnes of ore at a grade of 1.5% tin. (See announcement dated 17 June 2025). The Jig Plant represents an important step in enhancing the Company's tin production output and overall cost efficiency.
Jig Plant at Uis Mine: August 2025
CONTACT
ANDRADA MINING LIMITED
Anthony Viljoen, CEO +27 (11) 268 6555
Sakhile Ndlovu, Head of Investor Relations
NOMINATED ADVISOR & BROKER
Zeus Capital Limited +44 (0) 20 2382 9500
Katy Mitchell
Andrew de Andrade
Harry Ansell
CORPORATE BROKER & ADVISOR
H&P Advisory Limited +44 (0) 20 7907 8500
Andrew Chubb
Jay Ashfield
Matt Hasson
Berenberg +44 (0) 20 3753 3040
Jennifer Lee
Natasha Ninkov
FINANCIAL PUBLIC RELATIONS
Tavistock (United Kingdom) +44 (0) 207 920 3150
Emily Moss
andrada@tavistock.co.uk
Josephine Clerkin
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 and currently being re-developed as a
major tin-tantalum-lithium producer. An exploration drilling programme is
currently underway with the aim of expanding the tin resource over the
fourteen additional, historically mined pegmatites that occur within a 5km
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 broad 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.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END MSCBCGDISDDDGUG