IN BRIEF: Andrada hails ‘promising start’ to exploration in Namibia

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Andrada Mining Ltd - Technology metals mining company with a portfolio of mining and exploration assets in Namibia - Says all drill holes at Spodumene ML129 intersected mineralised pegmatites, indicating continuity at depth. Significant pegmatite intersections include 14.52 metres at 1.4% lithium oxide at Drill Hole B1_01. Notes high grade lithium intersections at Spodumene, and says these suggest the presence of significant spodumene mineralisation.

Chief Executive Officer Anthony Viljoen says: ‘The highlighted intersections provide a promising starting point for the next phase of exploration which will aim to define the extent of these zones both laterally and with depth. We have also initiated a metallurgical programme to investigate the optimal beneficiation process for the recovery of both lithium and tantalum, whilst also producing tin as a by-product.’

Current stock price: 7.58 pence

12-month change: up 42%

Copyright 2023 Alliance News Ltd. All Rights Reserved.