Andrada Mining’s results for the six months ended 31 August showed a 22% increase in revenue to £10.80 million.
The company’s gross profit improved by 70% to £2.6 million, and its operating losses reduced by 42% to £1.5 million.
Andrada Mining CEO Anthony Viljoen said they plan to expand the mineralisation exploration program across the Erongo region to identify potential assets for future expansion.
In March 2024, Andrada Mining launched the pre-concentrating project for Uis Mine to increase the tin grade and output from the processing plant to 1,600 tpa of contained tin. The expansion entails improvements to the dry processing section by installing a coarse crushing and XRT ore-sorting pre-concentration circuit.
A one-off spot sale of five tons of petalite to a ceramic producer was completed during the period under review, marking a key milestone towards realising the objective to be a critical metals producer.
The company says the exposure of the high-grade ore at Uis following the accelerated pushback also increased the petalite bulk sample production, which potential off-takers will use.
Andrada Mining wants to develop and expand petalite in the second half of 2025.
Viljoen says the value-accretive restructuring of Uis Tin Mining Company simplified Andrada’s ownership and operational structure in the underlying licences while empowering our local partners through equity ownership participation at the group level.
He added that the restructuring has also created opportunities for more rapid asset development through project-specific financing solutions.
“Our continued investment in exploration, metallurgy, and asset development has earned us the social licence to operate and establish strategic, world-class partnerships,” Viljoen said.
According to Viljoen, despite an unforeseen mechanical breakdown at the processing plant, which marginally increased costs, the company’s ongoing CI2 program has improved overall recovery rates.
“We expect significant performance improvements in FY 2026 as we reap the benefits of various capital projects,” he said.
According to Viljoen, the lithium pilot plant provides critical information for potential off-take agreements and integrates the lithium production circuit into the current plant.
“Although much of the material produced at the pilot plant has been sent to potential off-take partners for testing, we also achieved the first commercial petalite sale during the period, demonstrating the suitability of Uis’s ore for the global technical grade market,” he explained.
According to Viljoen, the recent results from the maiden drilling program at Brandberg West confirmed significant mineralisation within the historical pit and the extensions to the north.
He said the exceptionally high-grade veins have added tungsten and copper to the company’s portfolio of critical minerals. “Ongoing drilling at Uis will enhance our understanding of various pegmatites and enable us to increase the resource,” he said.
