Business
Business Update For Period Ended 31 May 2026
Andrada Mining Limited reported a strong start to FY2027, achieving record quarterly contained tin production of 286 tonnes and tin concentrate production of 473 tonnes at its Uis Mine, representing 20% and 16% year-on-year increases respectively, supported by elevated tin prices and secured funding of NAD98 million for ore sorting expansion. The company also completed a 16,500-meter drill program at Lithium Ridge, yielding high-grade lithium intersections up to 3.46% Li₂O, alongside significant tin and tantalum mineralisation. Furthermore, initial ore sorting test work at Brandberg West indicated over 90% mass reduction and substantial grade uplifts for tin, tungsten, and copper, suggesting a low-capex route to production. Strategic backing from major lenders and partners, including SQM, ACAM, and the EIB, underpins the company's funded growth pipeline. Disclaimer*
About this update from Andrada Mining Limited
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. ANDRADA MINING LIMITED ("Andrada" or the "Company") Business Update for the Period Ended 31 May 2026 Appointment of Advisors Positive start to FY2027: record tin production, exceptional lithium results and transformational tungsten breakthrough Andrada Mining Limited (AIM: ATM, OTCQB: ATMTF), a tin producer with a portfolio of critical minerals mining and exploration assets in Namibia, is pleased to provide the following unaudited performance update for the quarter ended 31 May 2026 ("Q1 FY2027" or the "Quarter"). The Quarter marks a strong start to the new financial year, evidenced by increased quarterly tin production at Uis, exceptional drill results at Lithium Ridge and a significant processing milestone at Brandberg West. HIGHLIGHTS Uis Mine · Record quarterly contained tin production for Q1 FY 2027 of 286 tonnes (+20% YoY). · Record quarterly tin concentrate production for Q1 FY 2027 of 473 tonnes (+16% YoY). · Plant throughput increased to 154 tph for Q1 FY 2027. · Elevated tin prices expected to support strong cash generation. · Strategic funding secured to deliver Uis ore sorting expansion. Lithium Ridge · 16 500 metre drill programme completed. · 143 holes drilled with ongoing assay analysis to be completed Q3 FY2027. · High grade drill intersections of up to 3.46% Li₂O from near surface. · Significant associated tin and tantalum mineralisation. · Scale and continuity of the mineralised system continue to increase. Brandberg West · Commencement of extensive drilling and metallurgical programme. · Ore sorting likely to achieve over 90% mass reduction with grade uplifts of up to 7x tin, 6x tungsten and 4x copper. · Potential low-capex route to production identified. · Significant leverage to existing ...
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