Andrada Mining Ltd (AIM:ATM, OTC:AFTTF) CFO Hiten Ooka joined Proactive's Stephen Gunnion with more on the company's strong financial results and strategic initiatives in the past year. Ooka highlighted that Andrada Mining's revenue increased by over 80% due to ramped-up tin production at its flagship project. He also emphasised the company's progress in reducing costs and achieving key milestones in its tantalum and lithium strategies.
One of the major highlights was the commissioning of the lithium pilot plant and tantalum circuit, both of which have started production. The CFO also discussed securing various financing streams, including convertible loan notes and a package from Orion Finance, as well as the Development Bank of Namibia's contribution to continuous improvement projects.
Looking ahead, Ooka remains optimistic about the company's financial year 2025, noting the positive operational outlook and ongoing efforts to secure a strategic partner for the lithium operation.