Andrada Mining Posts Higher Production, Stronger Revenue and Lower Losses in H1 FY2026
Aim- and OTCQB-listed Andrada Mining has reported stronger operational and financial results for the six months ended August 31, highlighted by higher metal production, increased revenue and a reduced operating loss for the first half of its 2026 financial year.
The company said the improved performance reflects the benefits of sustained capital investment and ongoing processing enhancements across its asset portfolio.
Andrada processed 527 583 t of ore, a 10% increase compared with the 481 504 t recorded in the first half of FY2025. Tin concentrate production rose 14% to 858 t, while tantalum concentrate output increased 12% to 27 t.
Revenue for the period grew 12% to £12.2-million. The operating loss narrowed to £900 000, down from £1.5-million in the previous comparable period. Administrative expenses decreased 26% to £3.7-million, following a corporate restructuring.
The company reported that average tin prices increased to $33 154/t, up 6% year-on-year.
Uis Mine Development and Expansion
Andrada confirmed that engineering investment over the past year has strengthened the foundation for accelerated growth across its projects.
The Uis development programme in Namibia aims to expand tin and tantalum production while adding a new lithium concentrate product, all sourced from the same run-of-mine ore.
The focus is on increasing volumes and lowering unit costs to support future cash flows and margins.
The Uis ore sorter project, designed to boost tin and tantalum output by around 60%, has undergone reengineering to reduce capital requirements by more than 20%.
Long-lead equipment is already on site, with fabrication planned for the first half of 2026 and commissioning expected in the second half of the year.
The Uis lithium expansion, which includes a new beneficiation circuit integrated with the current plant, has passed a technoeconomic assessment.
Andrada is now working toward a definitive feasibility study and is in discussions with potential offtake and development partners.
Exploration during the period targeted 13 pegmatites within 3 km of the processing plant as part of a broader programme of 44 diamond and 177 reverse circulation drill holes.
Early results showed high-grade intersections, including 1.13% tin, 1.76% lithium oxide and 281 ppm tantalum, supporting Andrada’s goal of growing the resource base to 200-million tonnes.
Jig Plant and Third-Party Partnerships
Construction of the jig plant, developed with Birca Mining, was completed in August, but commissioning has been delayed due to material flow issues. These challenges are currently under review.
A separate ore supply and profit-sharing agreement with Goantagab Mining has also been delayed following a court ruling that halted major mining operations on the Goantagab claims. Andrada plans to supply the jig plant with ore from Uis until third-party feed becomes available.
Lithium Ridge Exploration
At Lithium Ridge, Andrada’s partnership with SQM Australia progressed following approval from the Namibian Competition Commission.
A fully funded exploration programme began in August, including 14 000 m of diamond drilling across about 120 holes, aiming to test depth extensions and continuity of mineralisation.
CEO Commentary
“We are now transitioning from capacity build-up into a scaling phase. Our growth potential far exceeds our current operational footprint,” said Andrada CEO Anthony Viljoen.
“The period’s results show meaningful improvements in cost performance, cash discipline and operating leverage. With a portfolio of critical minerals—tin, tantalum, lithium, tungsten and copper—in an investment-friendly jurisdiction, we are positioning the group as a strategic supplier for the future.”
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