Business
Significant Lithium Resource Upgrade
Significant Lithium Resource Upgrade.
About this update from Andrada Mining Limited
[{"type":"text","content":"\n \n \n 6 February 2023\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 is now considered to be in the public domain.\n \n \n \n Andrada Mining Limited\n \n \n \n (\"Andrada\" or the \"Company\")\n \n \n \n Drilling Delivers a Significant Lithium Resource Upgrade at the Uis Mine \n \n \n \n Andrada Mining Limited, formerly Afritin Mining Limited, (AIM: ATM) an African technology metals mining company with a portfolio of mining and exploration assets in Namibia, is pleased to announce an updated lithium, tin, rubidium, and tantalum Mineral Resource Estimate (MRE), at its flagship Uis Mine (\"Uis\"). This updated MRE, is in accordance with JORC (2012) and is a result of the substantial 7,000 metre drilling programme undertaken in 2022 to expand and increase the main V1/V2 pegmatite deposit currently being mined at Uis.\n \n \n \n Highlights:\n \n \n \n \n \n \n \n \n §\n \n Updated MRE for the V1/V2 deposit with lithium and tantalum upgraded to a Measured and Indicated classification as a result of infill drilling.\n \n \n \n §\n \n Lithium average grade has increased to 0.73% Li20 from 0.63% Li2O declared in 2019, total contained Li2O tonnes have increased by 30% to 587 000 tonnes.\n \n \n \n §\n \n Updated resource gives a Lithium Carbonate Equivalent of 1.45 million tonnes.\n \n \n \n §\n \n The Measured and Indicated lithium resources increased by 47% to 38Mt.\n \n \n \n §\n \n Tin average grade has increased to 0.15% Sn from a previous average of 0.134% Sn, resulting in contained tin metal content of 120 000 tonnes.\n \n \n \n §\n \n Maiden resource declared for rubidium with a contained total of 109 400 tonnes at an average grade of 0.14% Rb.\n \n \n \n §\n \n Total MRE for the V1/V2 deposit inclusive of mining depletion has increased to 81 Mt from 72 Mt.\n \n \n \n Anth\n ony Viljoen (CEO) commented:\n \n \n \"I am very pleased to announce a new enlarged lithium resource at our Uis Mine in Namibia following significant drilling programme in 2022. This confi...