Business
Quarterly FY 2023 production and Company update
Quarterly FY 2023 production and Company update.
About this update from Andrada Mining Limited
[{"type":"text","content":"\n \n \n \n \n \n \n 20 March 2023\n \n \n \n \n \n \n \n \n \n \n \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 \n \n \n Andrada Mining Limited\n \n \n \n (\"Andrada\" or the \"Company\")\n \n \n \n Quarterly, FY 2023 production and Company update\n \n \n \n \n Lithium development on track and production capacity significantly increased.\n \n \n \n Andrada Mining Limited (AIM: ATM), an African technology metals mining company with a portfolio of mining and exploration assets in Namibia, provides an unaudited production update for the Uis Mine (\"Uis\") for its fourth quarter (\"Q4\") and full financial year ended 28 February 2023 (\"FY 2023\").\n \n \n \n Highlights\n \n \n \n \n Lithium\n \n \n \n ·\n Anticipated completion of the lithium bulk-testing pilot facility in June 2023.\n \n \n · \n Metallurgical testwork done by Geolabs Global, an independent test facility in South Africa has identified a process that could produce a lithium concentrate suitable for buyers' specifications\n in industrial and battery feedstock markets.\n \n \n · \n Drilling on the ML129 licence area (B1C1 pegmatites), to investigate the visible spodumene mineralisation, commenced in January 2023.\n \n \n ·\n Field mapping of drill targets on the ML133 licence area (Nai Nais pegmatites) finalised.\n \n \n ·\n Detailed exploration update scheduled for release in June 2023.\n \n \n ·\n Andrada is exploring several options for achieving early lithium revenues i...