Andrada Mining chief executive officer Anthony Viljoen says the company’s partnership with ACAM is designed to accelerate the development of its Namibian asset base while giving Andrada greater financial flexibility to scale multiple projects in parallel.
Viljoen was speaking on the Tavistock Talks podcast, hosted by Tavistock, following Andrada’s announcement of the transaction with ACAM, which brings a new strategic partner into the company’s Brandberg West polymetallic project in the Erongo region.
He said the transaction reflects Andrada’s broader strategy of identifying the right partners to unlock value across its portfolio.
ACAM, he explained, is well known for its financial expertise and track record of supporting mining and resource projects globally, particularly in Africa, and was already familiar with Andrada’s assets as an existing shareholder.
Brandberg West, a former open-pit operation historically mined by Gold Fields, was highlighted as a key attraction.
Viljoen said the project was previously developed as a tin and tungsten mine, with copper identified but never concentrated, adding a new dimension to its potential.
Recent drilling completed in 2024 returned near-surface intersections containing tin, tungsten and copper, including grades of up to 4% tin, 4% tungsten and more than 2% copper within a vein-hosted system that extends over about four kilometres.
According to Viljoen, the partnership with ACAM is structured to fast-track several workstreams at Brandberg West, including geological expansion drilling, detailed ore characterisation and advanced metallurgical test work to define the optimal processing flowsheet. Andrada will retain operational control of the project, drawing on its experience in developing and executing large-scale mining operations, while ACAM contributes financial and corporate expertise.
He said the deal also enhances Andrada’s liquidity and reduces capital pressure across the wider portfolio, allowing the company to progress multiple Namibian projects simultaneously.
Alongside Brandberg West, Andrada is scaling up production at its Uis operation, advancing exploration at Lithium Ridge through its partnership with SQM, and optimising processing infrastructure to lift metal output.
Viljoen described Andrada’s evolution into a developer of a suite of critical minerals projects, noting that each of the company’s Namibian assets could stand alone but, together, offer economies of scale and scope that strengthen the overall investment case.
He also spoke positively about the operating environment in Namibia, saying the country has emerged as a leading destination for mining investment.
He noted recent project developments demonstrate that Namibia is open for business, with a supportive regulatory environment and significant geological potential.
Viljoen said Andrada is proud to be developing Namibian projects for the country’s benefit and expects continued investment in the sector as projects advance and scale.
