Business
Lithium Development Update
Lithium Development Update.
About this update from Andrada Mining Limited
[{"type":"text","content":"\n\n27 November 2023\nThe 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 is now considered to be in the public domain.\nAndrada Mining Limited\n(\"Andrada\" or the \"Company\")\nLithium Pilot Plant Produces First Lithium Concentrate\nPetalite Off-Take Agreement Discussions Advanced\nAndrada Mining Limited (AIM: ATM), an African technology metals mining company with a portfolio of mining and exploration assets in Namibia, is pleased to provide an update on the commissioning and first production at its lithium (bulk-sampling) pilot plant (\"Pilot Plant\") along with an update on the Company's lithium strategy. \nHighlights\n§ Commissioning of the Pilot Plant completed successfully with the production of 10 tonnes on-specification saleable lithium concentrate.\n§ Production ramp up to 250 tonnes per month planned during first quarter of the 2024 calendar year (\"Q1 CY2024\" and \"CY2024\").\n§ Discussion with glass-ceramics off-taker for supply of high-purity petalite is progressing well.\n§ On-going metallurgical testwork for production of battery grade lithium hydroxide.\n§ Metallurgical testwork progressing to optimise production from Uis and preliminary investigations on Spodumene Hill and Lithium Ridge.\n§ Lithium exploration drilling campaigns for CY2024 have been planned for all mining licence areas.\n§ Discussions with Strategic Process participants are progressing. Further updates to be provided in due course.\nAnthony Viljoen (CEO) commented\n\"We believe that our efforts throughout the year have the potential to place Andrada at the forefront of lithium development in Africa. The discovery of additional lithium-within the Company owned Lithium Ridge and Spodumene Hill also underscores the possibility that Namibia's Erongo region could be a key participant in the global lithium landscape, with the potential to host a cluster of significant mines.\nThe early results from the recently commissioned lithium processing pilot facility have instilled unwavering optimism. We are also pleased by the ongo...