Business
FY Operational Update For Period Ended 28 Feb 2025
FY Operational Update For Period Ended 28 Feb 2025.
About this update from Andrada Mining Limited
[{"type":"text","content":"\n\n The information contained within this announcement is deemed by the company to constitute inside information as stipulated under the market abuse regulations (EU) no. 596/2014 (MAR) as in force in the United Kingdom pursuant to the European Union (withdrawal) act 2018. Upon the publication of this announcement via regulatory information service (RIS), this inside information will be in the public domain.\n\nAndrada Mining LimiteD\n(\"Andrada\" or the \"Company\")\nOperational update for the period ended 28 February 2025\nAnnual increase in concentrate tonnage to 1 507 tonnes\nAndrada Mining Limited (AIM: ATM, OTCQB: ATMTF), a tin producer with a critical raw materials portfolio of mining and exploration assets in Namibia, is pleased to provide an operational update for the fourth quarter (\"Q4 FY2025\" or the \"Quarter\") and 12 months ended 28 February 2025 (\"FY2025\").\nHIGHLIGHTS\nOperations\n§ 244 314 tonnes processed in Q4 FY2025 (Q4 FY2024: 238 022 tonnes)\n− 5.4% annual increase to 965 058 tonnes in FY2025 (FY2024: 915 599 tonnes)\n§ 379 tonnes tin concentrate produced in Q4 FY2025 (Q4 FY2024: 371 tonnes)\n− 2.2% annual increase to 1 507 tonnes in FY2025 (FY2024: 1 474 tonnes)\n§ 228 tonnes contained tin produced in Q4 FY2025 (Q4 FY2024: 231 tonnes)\n− 5.1% annual increase to 932 tonnes in FY2025 (FY2024: 885 tonnes)\n§ 91% plant utilisation in Q4 FY2025 (Q4 FY2024: 89%)\n− 5.0% annual increase to 89% in FY2025 (FY2024: 84%)\n§ 70% tin recovery in Q4 FY2025 (Q4 FY2024: 72%)\n− 3.0% annual increase to 72% in FY2025 (FY2024: 69%)\n§ USD30 243 realised tin price per tonne in Q4 FY2025 (Q4 FY2024: USD26 125)\n− 21.4% annual increase to USD31 081 in FY2025 (FY2024: USD25 593)\n§ 17 shipments in Q4 FY2025 (Q4 FY2024: 14)\n− 11.3% annual increase to 59 shipments in FY2025 (FY2024: 53)\n§ 10.2 tonnes tantalum concentrate produced in Q4 FY2025 (Q4 FY2024: 5.1 tonnes)\n− Over 100% annual increase to 50.6 tonnes in FY2025 (FY2024: 6.5 tonnes)\nStrategic\n§ Unconditional approval from the Namibia Competition Commission (\"NaCC\") for the SQM Australia (Pty) Ltd (\"SQM\") three-stage earn-in agreement for development of Lithium Ridge\n− Company received the USD 1.5 million balance of the SQM participati...