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Lithium Ridge Exploration Update
Andrada Mining Limited has announced exceptional surface sampling results from its Lithium Ridge project, with multiple grab samples exceeding 4% Li₂O, including a peak of 4.67% Li₂O, and confirming spodumene as the primary lithium mineral. The exploration also revealed significant associated tin and tantalum mineralisation, with peak grades of 3.12% Sn and 905 ppm Ta, indicating polymetallic potential that could enhance project economics. These findings validate the ongoing Stage 1 drilling programme, funded by SQM, which aims to acquire a 30% stake in the project. Disclaimer*
About this update from Andrada Mining Limited
[{"type":"text","content":"\n\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 will be in the public domain.\nAndrada Mining Limited\n(\"Andrada\" or the \"Company\")\nHIGH-GRADE mineralised pegmatites identified at Lithium Ridge as exploration drilling ADVANCES\nAndrada Mining Limited (AIM: ATM, OTCQB: ATMTF) (\"Andrada\"), a tin producer with a portfolio of critical minerals mining and exploration assets in Namibia, is pleased to announce exceptional surface sampling results from Lithium Ridge (\"Lithium Ridge\" or the \"Project\") in partnership with Sociedad Química y Minera de Chile SA through its subsidiary SQM Australia (Pty) Ltd (\"SQM\"). The results of the comprehensive geological mapping and grab sampling across the licence area provide strong validation for the ongoing Stage 1 drilling programme, funded by SQM under the previously announced earn-in agreement, to acquire a 30% shareholding.\nHIGHLIGHTS\n§ Exceptional lithium grades at surface: multiple grab samples returned grades exceeding 4% Li2O, with a peak value of 4.67% Li2O\n§ Extensive scale of mineralisation: high-grade laboratory results obtained from diverse pegmatite bodies across the mineralised trend, reinforcing the scale and footprint of lithium potential\n§ Significant polymetallic upside: significant associated tin (Sn) and tantalum (Ta) mineralisation confirmed, with peak grades of 3.12% Sn and 905 ppm Ta in individual samples\n§ Strategic minerals: Primary lithium mineralisation confirmed to be spodumene, consistent with previous drilling and sampling programmes\nAnthony Viljoen, Chief Executive Officer, commented:\n\"The results from Lithium Ridge represent a very encouraging validation of the Project's lithium potential. Surface samples returning lithium grades in excess of 4% Li₂O, together with the confirmation of spodumene as the primary lithium mineral, reinforces our view that Lithium Ridge hosts a large, high-quality lithium system. Importantly, the presence of meaningful tin and tantalum grades alongside the lithium mineralisation highl...