Business
Q3 Operational Update For Period End 30 Nov 2025
Andrada Mining Limited reported a strong operational performance for the quarter ended 30 November 2025, with processing rates increasing 12% year-on-year to 146 tonnes per hour and tin concentrate production rising 14% to 429 tonnes, while contained tin production increased 10% to 255 tonnes, all exceeding previous year figures. The company noted a significant 40% year-to-date increase in the tin price, which has surpassed US$40,000 per tonne, and a 25% increase in tin shipments to 15, aligning with a tightening global market. Strategic developments include the deployment of a third drill rig at the Lithium Ridge JV with SQM, with drill results anticipated in the first half of 2026, and an increase in JLE Limited's equity ownership to 7.7%. 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\")\nOperational update for the QUARTER ended 30 November 2025\nRobust operational platform enhancing future growth\nAndrada Mining Limited (AIM: ATM, OTCQB: ATMTF), an emerging African critical minerals miner with a portfolio of exploration, development and early-stage production assets in Namibia provides the following operational performance update for the third quarter ended 30 November 2025 (\"Q3 FY2026\" or the \"Quarter\").\nHighlights\nStrategic\n§ The Lithium Ridge JV with SQM: Encouragingly a third drill rig has been deployed to complement the existing drilling program:\n§ Drill result releases targeted for first half of 2026 calendar year.\n§ Notable institutional investment: JLE Limited increased equity ownership to 7.7% from 5.0%.\nOperational\n§ Continuous Improvement programme (\"CI2\") continues to deliver improved throughput and recovery performance:\n§ Processing rate: increased by 12% Year-on-Year (\"YoY\") to 146 tonnes per hour (\"tph\") (Q3 FY2025: 130tph) delivering stable and predictable plant performance.\n§ Tin recovery rate: stable at 73% compared to 74% in Q3 FY2025 exceeding the Company's targeted 70% level for a third consecutive quarter.\n§ Tin concentrate produced: increased by 14% YoY to 429 tonnes (Q3 FY2025: 376 tonnes) supported by higher throughput.\n§ Contained tin produced: increased by 10% YoY to 255 tonnes (Q3 FY2025: 232 tonnes).\n§ Jig plant phased commissioning progressing steadily.\nTin market\n§ Strong market defined by 40% tin price increase Year-to-Date CY2025 (\"YTD\").\n§ Tin shipments: 25% increase to 15 shipments ensuring enhanced concentrate production into a tightening global tin market.\nAnthony Viljoen, Chief Executive Officer, commented:\n\"The Quarter reflected continued progress at Uis, with improved throughput, consistent recoveries, and strong tin production all underpinned by a favourable pricing environment. T...