Andrada Mining Ltd (AIM:ATM, OTC:AFTTF) said all holes in its latest drill programme on acreage near the Uis mine in Namibia intersected lithium and tantalum.
Known as the Spodumene Hill project, the best intercepts were between 14.5 metres (m) at 1.38% Li2O and 11m at 0.81% Li2O at shallow depths with additional tantalum shows of between 282-1,101 parts per million (ppm) in these holes.
Anthony Viljoen, chief executive, said: "These drill results provide an initial glimpse into the potential of the Spodumene Hill project.
“The identified high-grade lithium intersections within the pegmatite could be separated through ore sorting to provide a potentially high-grade pre-concentrate for the lithium processing plant.
“These results have also highlighted the tantalum potential of this area and the relevance of the recently constructed tantalum recovery circuit.
“The proximity of the Spodumene Hill Project to the existing operations provides an immediate opportunity for additional revenues from the project area by blending tantalum grades.”