Andrada Mining has released an updated Mineral Resource Estimate  for the V1V2 pegmatite at the Uis tin mine. This incorporates analytical results from the final 16 drill holes of the 2022 drilling programme, as well as a volume depletion surface as at 30 August 2024.

The key finding was an increase in not only the average lithium grade but also volumes of the measured and indicated resource classifications. The average lithium grade increased to 0.79% Li2O from 0.73% Li2O declared in 2023 whilst contained lithium oxide has also increased from 587,000 tonnes to 610,000 tonnes.

Anthony Viljoen, Chief Executive Officer, commented:

“This updated resource estimate is another positive step toward our goal of being a premiere African producer of tin, lithium and tantalum. Our exploration team has once again demonstrated that the V1V2 pegmatite has significant lithium potential, shown by increases in both the average lithium grade and contained metal tonnage. Critically, this updated resource also allows us to better quantify the potential lithium concentrate credits we can generate alongside our tin production, optimising the overall project economics. Furthermore, the updated MRE further enhances the project economics of the Uis mine operations and will enable the determination of a lithium mineral reserve.”