17th Jun 2025 11:04
(Alliance News) - Andrada Mining Ltd on Tuesday said it has secured additional supply from a tin ore body at Goantagab in Namibia, near to the Uis mine and processing facility.
The tin producer said the "relatively high" historic tin grades at the deposit make it a potential source of high-margin feedstock, which Andrada expects will "materially enhance" throughput at Uis.
Gold Fields Namibia previously delineated an initial non-JORC compliant resource at Goantagab of more than two million tonnes, with an average grade of 0.95% tin. Some higher grade zones of 1.75% were also identified.
As part of the deal, Andrada finalised an ore supply and profit share agreement between subsidiary Uis Tin Mining Co Pty Ltd and Goantagab Mining Pty Ltd, which acts as an agent for the relevant mining claim owners. This covers the supply of up to 240,000 tonnes per year of high-grade ore averaging 1.5% tin.
Uis Tin Mining also entered a management deal with Birca Mining Namibia Pty Ltd, the parent company of Goantagab Mining, to operate the additional jig plant at Uis as an independent contractor.
"This collaboration with Birca on the Goantagab deposit reaffirms our strategy in creating a mining district for critical minerals in the Erongo. Based on historical resource data and our independent assessment, the deposit has the potential to be comparative to other high-grade occurrences of tin globally. Once production at the plant is fully commissioned, it will significantly increase the tin concentrate throughput thereby elevating the company's position in the global market," said Andrada Chief Executive Officer Anthony Viljoen.
"At Uis, construction of the new jig plant is well underway, and we remain on track to commence production in the second half of 2025. This ore acquisition agreement reflects the continued evolution of Andrada's asset portfolio, and our ability to forge timely and opportunistic strategic partnerships that accelerate development and enable large-scale execution."
Shares in Andrada Mining were up 3.7% at 2.96 pence each in London on Tuesday morning. The stock remains down 36% over the past year.
By Emily Parsons, Alliance News reporter
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