–News Direct–
Andrada Mining Ltd (AIM:ATM, OTC:AFTTF) CEO Anthony Viljoen discusses the company's expansion plans and the promising potential of its flagship Uis mine in Namibia with Proactive's Stephen Gunnion.
In a production and strategic process update, Andrada noted it has made significant progress in developing what is believed to be one of the world's most preeminent polymetallic deposits, with lithium being a key focus alongside tin and tantalum. The company has adopted a phased approach to expansion, emphasizing conservative planning and rapid execution.
Viljoen said tin revenues and throughput at the plant doubled last year, as integrating ore sorting technology showed positive results. Andrada has also commenced tantalum production and established a pilot plant for lithium, achieving on-spec lithium concentrate, a feat unique among AIM-listed lithium companies. This development marks a transition from a junior small-cap to a mid-tier mining producer.
Viljoen mentioned non-binding offers for partnership interests in the lithium project, underscoring lithium's versatility and potential across various industries, including batteries and ceramics. The company is considering partnerships with major players in the lithium market to accelerate long-term development and expose the company to downstream opportunities.
Looking ahead, Andrada aims to unlock the scale potential of its deposits, leveraging revenues and profits for expansion with financing partners. Key milestones for 2024 include finalizing strategic partnerships, ramping up tantalum supply, expanding lithium resources, and engaging in further metallurgical test work and partnerships, particularly following the EU-Namibia roundtable participation.
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View source version on newsdirect.com: https://newsdirect.com/news/andrada-mining-ceo-discusses-phased-approach-to-becoming-a-mid-tier-producer-100150181
Andrada Mining Ltd
COMTEX_449133576/2655/2024-03-12T12:29:16