Andrada Mining has secured US$2,5 million funding from LC Abelheim Limited as trustee of The Orange Trust to construct a second tin processing jig plant at Uis Mine.
The Orange Trust is Andrada’s largest shareholder, with 15.81% of the issued ordinary shares.
The US$2.5 million funding facility will procure an additional 100 tons per hour in processing capacity at Uis Mine.
The plant will enable modular expansion of operations into proximal pegmatites without disrupting current production and significantly increase tin production.
Andrada Mining CEO Anthony Viljoen says this strategic investment reflects their confidence in the abundant tin resources of Namibia’s Erongo region, particularly the Uis mining license.
“We anticipate a surge in tin demand over the year, which, combined with Andrada’s entrenched position in the global tin supply chain, creates a unique competitive advantage for the company,” Viljoen says.
According to Viljoen, the additional plant provides a modular pathway to scale up operations within our existing mining footprint as we evaluate new pits and validate historical resources.
He says the new plant will notably operate independently, ensuring no disruption to current mining activities or the ongoing expansion to boost tantalum and lithium revenues at the primary plant.
“This expansion also enables Andrada to explore and initiate production from other high-grade ore bodies across the Erongo region. Our integrated approach of expanding tin output while advancing the polymetallic potential of our ore body should significantly enhance cash flow and improve profit margins.
“The strong support from our existing shareholders, reflected in this financing, underscores the broad confidence in our growth strategy and reinforces our commitment to sustainable, scalable production and expansion,” Viljoen says.
