Business
Q2 Ops Update for the period ended 31 August 2023
Q2 Ops Update for the period ended 31 August 2023.
About this update from Andrada Mining Limited
[{"type":"text","content":"\n\n\n \n \n14 September 2023\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\")\nQ2 Operational Update for the period ended 31 August 2023\nCompletion of the bulk sampling (lithium) pilot plant and tantalum circuit commissioning.\nAndrada Mining Limited (AIM: ATM, OTCQB: ATMTF), the African technology metals mining company with a portfolio of mining and exploration assets in Namibia hereby provides an unaudited operational update for the second quarter ending 31 August 2023 (\"Q2 2024\").\nHIGHLIGHTS\nOPERATIONS\n§ 86% year-on-year (\"YoY\") increase in tin concentrate to 398 tonnes (Q2 2023: 214 tonnes).\n§ 79% YoY increase in contained tin metal to 238 tonnes (Q2 2023: 133 tonnes).\n§ Completion of the tantalum circuit (\"Circuit\") commissioning with 225kg produced.\n§ Improved safety performance to 0.86 LTIFR at the end of the quarter compared to 0.95 at the end of Q1 2024 and 8.02 at the end of Q2 2023.\nLITHIUM DEVELOPMENT\n§ Commissioning of the lithium pilot plant (\"Pilot Plant\") completed.\n§ Initial test campaigns have commenced to produce a consistent saleable grade of lithium concentrate.\nEXPLORATION PROGRAMME\n§ Spodumene Hill inaugural drill results over the B1 and C1 pegmatites intersected high grade spodumene mineralisation with up to 2.32% Li₂O.\no All drill holes intercepted lithium rich pegmatites.\no High grade tantalum mineralisation was also recorded highlighting upside potential.\n§ Lithium Ridge Reverse Circulation (\"RC\") drilling programme provided initial batch of results with notable lithium intersections with up to 2.13% Li₂O.\no Second batch of results are expected shortly.\n§ Lithium Ridge infill channel sampling confirmed the existence of continuous mineralisation at surface over a 6 km strike length.\no When combined, the weighted average of the 27 highest lithium grade channel sample lines amounted to 179 m at 1.20% Li₂O.\no The primary lithium minerals identified ...