Andrada Mining Limited (AIM: ATM formerly AftiTin Mining) vision is to create a portfolio of high quality tin, lithium and tantalum producing assets. The Company’s flagship asset is the Uis Tin Mine in Namibia, formerly the world’s largest hard-rock opencast tin mine.
The current strategy is to ramp-up production at the Uis Mine in Namibia to more than 10,000 tonnes of tin concentrate and 350,000 tonnes of lithium concentrate in a Phase 2 expansion. Production of tin increased in the six month period ending 31 August 2023, with 758 tonnes of tin concentrate produced
The Company’s lithium Pilot Plant, located adjacent to the main tin processing plant at the Uis Mine was successfully commissioned in October 2023 producing approximately 10 tonnes of concentrate during the process. The production rate is expected to increase to 250 tonnes per month by the end of March 2024.
Q3 operational update for the period ended 30 November 2024 15% increase in contained tin production year-on-year Andrada Mining Limited …
HIGHLIGHTS Operational performance Successful restructuring of Uis Tin Mining Company (“UTMC”), resulting in 100% ownership of Uis and Lithium Ridge. …
Publication of the 2024 Sustainability Report Andrada Mining Limited (AIM: ATM, OTCQB: ATMTF), a critical raw materials producer with mining …
Brandberg West Exploration Drill Results Continuation of notable tin, tungsten and copper intersections Andrada Mining Limited (AIM: ATM, OTCQB: ATMTF), …
Operational update for the period ended 31 August 2024 Andrada Mining Limited (AIM: ATM, OTCQB: ATMTF), the African technology metals …
Brandberg West Inaugural Drill Results Notable mineral intersections for tin, tungsten and copper Andrada Mining Limited (AIM: ATM, OTCQB: ATMTF), …
| P&L | 28 Feb 2024 £~000 | 28 Feb 2023 £~000 |
|---|---|---|
| Revenue | 17,968 | 9,827 |
| Cost of sales | (16,248) | (10,509) |
| Operating Profit/ (Loss) | (8,142) | (8,339) |
| Profit/ (Loss) for the year | (8,870) | (8,104) |
| Balance Sheet | 28 Feb 2023 £~000 |
|
|---|---|---|
| Cash & cash equivalents | 14,506 | 8,206 |
| Borrowings | 9,882 | 3,287 |
| Total equity & liabilities | 66,195 | 47,469 |
Directors
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Shares Magazine: Our top ways to invest in lithium miners and the outlook for price (Feb 2023)
“Anthony Viljoen, CEO of Andrada Mining (ATM:AIM), which recently changed its name from Afritin as a precursor to expanding focus from its tin output in Namibia towards lithium, says the ‘geopolitics are fascinating’ with China demonstrating ‘an insatiable desire to control every lithium deposit on the planet’.”
Business Standard: Batteries, metals and a supercycle (Feb 2023)
“The energy transition will require a bevy of metals — steel, aluminium, copper, lithium, nickel, cobalt, rare earths, silver and manganese — and the supply for most is constrained. Lithium is often at the centre of conversations, as are the deals that car companies are signing up with mining companies.”
