Andrada Mining Limited, a leading Namibian tin producer with a growing portfolio of critical minerals, has announced robust operational results for the first quarter ended 31 May 2025 (Q1 FY2026), alongside the commencement of exploration activities at its Lithium Ridge project.

Key Highlights: Operational Performance

• Ore Processed: Increased by 7% year-on-year (YoY) to 254,745 tonnes (Q1 FY2025: 237,976 tonnes).
• Tin Concentrate Production: Rose 11% YoY to 405 tonnes (Q1 FY2025: 364 tonnes).
• Contained Tin Output: Up 2% YoY to 238 tonnes (Q1 FY2025: 233 tonnes).
• Plant Utilisation: Improved to 93% (Q1 FY2025: 90%).
• Processing Rate: Increased by 6% YoY to 142 tonnes per hour.
• Realised Tin Price: Averaged USD 32,993 per tonne, up 7% YoY.
• Tantalum Concentrate: Production surged to 12.1 tonnes (Q1 FY2025: 8.6 tonnes).

Strategic Developments

The jig plant expansion at the Uis site is advancing consistently, with the crushing circuit having been delivered. Operations at the new facility are anticipated to commence in the latter part of 2025, underlining the company’s dedication to enhancing processing capacity and operational effectiveness.

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Meanwhile, exploration activities at Lithium Ridge are set to advance following the approval of the Stage 1 workplan and budget by the Joint Development Committee. Field activities are scheduled to commence in May 2025, marking an important step in unlocking the project’s potential.

Financial Performance

The company reported solid financial performance this quarter, driven by effective cost management and favorable market conditions. C1 cash costs fell by 11% quarter-on-quarter (QoQ) to USD 18,901 per tonne of contained tin. C2 costs also decreased by 3% QoQ, reaching USD 24,139 per tonne.

Additionally, the All-In Sustaining Cost (AISC) was reduced by 2% QoQ to USD 28,999 per tonne, further reflecting improved operational efficiency. The tin price saw an increase of 9% QoQ and 7% year-on-year (YoY), reaching USD 32,993 per tonne, underscoring strong market demand and supporting the company’s positive outlook.

Anthony Viljoen, Chief Executive Officer of Andrada Mining, said the company continues to gain operational momentum and make strategic progress, solidifying its position as a key contributor to “Namibia’s critical minerals sector.”

He stated that the Uis operation had shown notable performance improvements during the quarter, thanks to upgrades from the “Continuous Improvement 2 programme,” particularly in the DMS circuit. These enhancements, he noted, resulted in greater processing efficiency and higher tin production. He added that “production of our increasingly valuable byproduct tantalum improved notably,” supporting the company’s focus on a diverse multi-mineral offering.

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Viljoen also commented on the company’s cost management efforts, saying that “operational cost performance improved overall, driven by ongoing pro-active cost-reduction initiatives.” He explained that the recent completion of a company-wide corporate restructuring is expected to “further rationalise the cost base and strengthen overall profitability.”

Regarding capital projects, he noted that construction of the new jig plant is progressing steadily, with “the front-end crushing circuit delivered to Uis and fabrication of key components underway.”

Looking forward, Viljoen said Andrada remains focused on “operational excellence, disciplined capital deployment, and the strategic development of our diversified critical minerals portfolio.”