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Andrada Mining ( (GB:ATM) ) has provided an update.
Andrada Mining Limited has updated its Mineral Resource Estimate (MRE) for the V1V2 pegmatite at the Uis tin mine, reflecting an increase in the average lithium grade to 0.79% Li2O and a rise in contained lithium oxide from 587,000 tonnes to 610,000 tonnes. This update, which takes into account the final results from the 2022 drilling program, enhances the project’s economics by allowing the company to better quantify potential lithium concentrate credits and optimize overall project profitability. The updated MRE, informed by extensive historical and recent drilling data, underscores the significant lithium potential at the Uis mine and supports Andrada’s aim to be a leading African producer in its field.
More about Andrada Mining
Andrada Mining Limited is a critical raw materials producer with mining and exploration assets located in Namibia. The company focuses on the production of tin, lithium, and tantalum, with a strategic emphasis on the polymetallic potential of its mining sites.
YTD Price Performance: -6.67%
Average Trading Volume: 10,216
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $46.45M
Find detailed analytics on ATM stock on TipRanks’ Stock Analysis page.
