Andrada Mining Ltd (AIM:ATM, OTC:AFTTF) said tin production from its Uis mine in Namibia was steady in its latest quarter helped by improvements in both recoveries and plant utilisation.
Contained tin production in the three months to end August 2024 was 239 tonnes (238t) with the quarter also seeing realised tin prices bouncing 27% to US$31,937 a tonne.
Cash costs in the quarter were slightly lower at US$19,400 with cash at the period end of £8.2 million
Anthony Viljoen, chief executive, added: "We continue to improve operational performance as we optimise processes, indicated by the higher plant utilisation rates and contained tin tonnage.
“The exposure of the higher-grade ore at Uis has enabled us to expedite the lithium bulk-sampling campaigns.
“We are extremely pleased with the initial commercial sale of petalite concentrate that validates the value of Uis's lithium mineralisation.
“Furthermore, the ongoing testwork will inform the lithium integration circuit studies whilst securing the off-take agreements for the petalite concentrate.”