Andrada Mining produced 1,036 tonnes of contained tin for the year ended 28 February 2026, up from 932 tonnes the previous year, as output from its Uis mine continued to improve.
The company processed 1,042,299 tonnes of ore, up from 965,058 tonnes in FY2025, while the plant ran at an average of 146 tonnes per hour, up from 136 tonnes per hour a year earlier.
Tin concentrate production rose to 1,740 tonnes, from 1,507 tonnes, while contained tin increased by 11% year-on-year. Recovery rates held at 72%.
In the fourth quarter, ore processed reached 255,320 tonnes, with plant throughput increasing to 153 tonnes per hour.
Contained tin output rose to 271 tonnes, up from 228 tonnes in the same period last year.
Tin concentrate production for the quarter increased to 453 tonnes, compared with 379 tonnes a year earlier, supported by higher feed grades, improved throughput and recovery.
Tin prices strengthened during the period, reaching about US$55,000 per tonne toward the end of the financial year.
At Brandberg West, Andrada concluded a US$51 million phased investment agreement with ACAM LP, with an initial US$10 million received to fund early-stage work, including feasibility studies and pit optimisation.
Historical drilling at the project returned grades of up to 10.55% tin, 3.53% tungsten and 1.95% copper.
At Lithium Ridge, early drilling under an earn-in agreement with SQM confirmed lithium mineralisation of up to 3.02% Li₂O, alongside tin and tantalum.
At Uis, the company secured up to €2 million in funding from the European Investment Bank to support lithium integration studies.
Andrada also revised its tin offtake agreement with Thailand Smelting and Refining Co Ltd (Thaisarco), which includes a US$3 million prepayment, repayable against future deliveries.
Chief executive Anthony Viljoen said the fourth quarter marked a defining period for the company.
“The fourth quarter has been a defining quarter for Andrada. We are delivering on our long-term strategy of consolidating highly prospective historic mining assets, attracting world class partners to accelerate their development, at a time of record commodity prices and immense strategic significance for our critical minerals portfolio,” Viljoen said.
