Andrada’s robust operational platform enhances future growth
Andrada Mining recorded a solid performance in its third quarter ended 30 November 2025.
Strategic highlights
- The Lithium Ridge JV with SQM: Encouragingly a third drill rig has been deployed to complement the existing drilling program:
- Drill result releases targeted for first half of 2026 calendar year.
- Notable institutional investment: JLE Limited increased equity ownership to 7.7% from 5.0%.
Operational highlights
- Continuous Improvement programme (“CI2”) continues to deliver improved throughput and recovery performance.
- Processing rate: increased by 12% Year-on-Year (“YoY”) to 146 tonnes per hour (“tph”) (Q3 FY2025: 130tph) delivering stable and predictable plant performance.
- Tin recovery rate: stable at 73% compared to 74% in Q3 FY2025 exceeding the Company’s targeted 70% level for a third consecutive quarter.
- Tin concentrate produced: increased by 14% YoY to 429 tonnes (Q3 FY2025: 376 tonnes) supported by higher throughput.
- Contained tin produced: increased by 10% YoY to 255 tonnes (Q3 FY2025: 232 tonnes).
- Jig plant phased commissioning progressing steadily.
Tin market
- Strong market defined by 40% tin price increase Year-to-Date CY2025 (“YTD”).
- Tin shipments: 25% increase to 15 shipments ensuring enhanced concentrate production into a tightening global tin market.
Anthony Viljoen, Chief Executive Officer, commented:
“The Quarter reflected continued progress at Uis, with improved throughput, consistent recoveries, and strong tin production all underpinned by a favourable pricing environment. The benefits of our continuous improvement programme and development initiatives are beginning to materialise, creating visible momentum across the business. These initial results provide a positive indication of the latent value within our operations that we aim to unlock as we progress further in the new year, another demonstration to the phenomenal geology we have at Uis. With tin prices exceeding US$40 000 per tonne in early December, the commodity has emerged as one of 2025’s top performers.
As the only tin producer listed on AIM, Andrada is uniquely positioned to capitalise on this bull market. In parallel, our exploration and development activities across the broader Erongo region in Namibia continue to validate the Company’s strategy to develop a hub for tin and associated critical minerals, namely lithium, tantalum, copper and tungsten. Andrada is at the forefront of critical mineral development in Africa, with existing production providing the foundation for transformational growth through exploration and development across our expanding portfolio within achievable defined timeline.”
