Andrada Mining Limited has reported strong operational improvements and higher earnings for the six months ended 31 August 2025, with revenue up 12% year-on-year to N$275.7 million (£12.2 million).
The company also cut its operating loss by 35% to N$20.3 million (£0.9 million).
Administrative costs dropped 26% to N$83.6 million (£3.7 million) following restructuring at its Johannesburg head office and tighter cost discipline, while net loss narrowed to N$67.8 million (£3.0 million) despite a new tax charge on profits from Namibian subsidiaries.
On the operational side, the Uis Mine continued to post growth. Ore processed rose 10% year-on-year to 527,583 tonnes and tin concentrate output increased 14% to 858 tonnes, equal to 511 tonnes of contained tin.
Plant throughput improved to 143 tonnes per hour, while tantalum production grew 12% to 27.1 tonnes, supporting revenue due to its high-margin profile.
“The results for the period demonstrate meaningful improvements in cost performance, cash discipline, and operating leverage, which collectively support the delivery of our growth strategy,” said Andrada CEO Anthony Viljoen.
Exploration drilling around Uis returned high-grade intercepts of up to 1.13% tin, 1.76% lithium oxide and 281 ppm tantalum. The results support Andrada’s longer-term goal of expanding the Uis resource to roughly 200 million tonnes.
The reporting period also marked a major improvement in safety, with the company achieving a zero Lost Time Injury Frequency Rate (LTIFR), down from 1.74 a year earlier. Its Total Recordable Injury Frequency Rate (TRIFR) also improved from 6.50 to 4.53, a development management attributed to quarterly audits, visible leadership initiatives and ongoing workforce training.
Progress continued on Andrada’s growth initiatives, including the Uis Ore Sorter, expected to lift tin and tantalum output by around 60%. The project has been redesigned at a 20% capital saving and is scheduled for commissioning in the second half of 2026. Meanwhile, work on the company’s lithium beneficiation programme is advancing towards a Definitive Feasibility Study following positive testwork.
The newly completed Jig Plant reached construction completion in August, although commissioning has been slowed by material flow issues and a court ruling affecting Goantagab Mining’s claims, which halted third-party ore deliveries.
Andrada plans to use ore from Uis to maintain feedstock.
“The combination of developmental and operational assets featuring a suite of critical minerals including tin, tantalum, lithium, tungsten and copper, located in an investment-friendly jurisdiction, position the group as a strategic source of future supply,” Viljoen said.
On the corporate front, Andrada secured a £4.5 million (N$101.7 million) equity investment from Talent10 Resources, which now holds 8% of the company.
The funding will support production growth and capital development at Uis.
Andrada advised that further financing will be required within the next 12 months to support its expansion plans, noting that it remains well positioned to secure funding through debt restructuring, additional equity, offtake-linked financing or its existing overdraft facility.
