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.
Andrada Mining is a critical minerals miner, currently producing tin and lithium from it’s Uis Mine in Namibia. The firm …
Operational update for the period ended 29 February 2024. 54% increase in tin concentrate production to 1 474 tonnes. Andrada …
Andrada Mining Limited (AIM: ATM, OTCQB: ATMTF), the African technology metals mining company with a portfolio of mining and exploration …
Tin, Tantalum and Lithium Production Update Strategic Process Update Andrada Mining Limited (AIM: ATM, OTCQB: ATMTF), the African technology metals …
Q3 Operational update for the period ended 30 November 2023 Production of saleable lithium concentrate from the pilot plant Andrada …
HIGH-GRADE SPODUMENE CONCENTRATE PRODUCED FROM LITHIUM RIDGE Andrada Mining Limited (AIM: ATM), an African technology metals mining company with a …
| P&L | 28 Feb 2023 £~000 | 29 Feb 2022 £~000 |
|---|---|---|
| Revenue | 9,827 | 13,615 |
| Cost of sales | (10,509) | (9,303) |
| Operating Profit/ (Loss) | (682) | 670 |
| Profit/ (Loss) for the year | (8,104) | (474) |
| Balance Sheet | 28 Feb 2023 £~000 | 29 Feb 2022 £~000 |
|---|---|---|
| Cash & cash equivalents | 8,206 | 7,365 |
| Borrowings | 3,287 | 5,120 |
| Total equity & liabilities | 47,469 | 37,069 |
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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.”
