10th Apr 2025 14:23
(Alliance News) - Andrada Mining Ltd on Thursday reported initial drilling results for 13 proximal polymetallic pegmatites in the previously mined areas of its Uis mining licence.
The stock was trading 16% higher at 2.72 pence on Thursday afternoon in London.
The tin producer said the drilling found confirmed mineralisation in 13 pegmatites along a five kilometre strike with significant intersections including notable high tin, tantalum and lithium grades.
"These pegmatites are within a 3km radius from the existing processing plant at the Uis Tin Mine and constitute part of a swarm comprising approximately 180 mineralised pegmatites identified to date within the license area," Andrada noted.
Andrada, which has a critical raw materials portfolio of mining and exploration assets in Namibia, said these included five metres at 0.50% tin and 153 parts per million tantalum in the P5_003 drill hole; 59.76 metres at 0.14%, 1.23% lithium and 38ppm tantalum for K5_018; and two metres at 1.76% lithium in V13_012.
"These strong drill results reaffirm the scale and quality of mineralisation across Uis's extensive swarm of pegmatites," commented Chief Executive Officer Anthony Viljoen. "High-grade intersections such as 1.13% tin, 1.76% lithium oxide, and 281ppm tantalum, validate our strategy to grow the resource towards 200 million tonnes and support future reserve definition.
"Importantly, these results highlight the opportunity to restore Uis Tin Mine to its historical status as a major global tin producer-now with the added advantage of lithium and tantalum as high-value co-products. The polymetallic nature of the deposit significantly enhances Uis's economics and aligns with growing demand for critical metals across global markets."
Viljoen contionued: "Our focus is clear - unlock the full value of Uis through disciplined growth, targeted investment, and a clear path to production scale-up.
"With a 5 kilometre strike length and broad mineralised zones, we believe Uis has the potential to become a cornerstone asset in Andrada's long-term growth strategy."
By Emma Curzon, Alliance News reporter
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