Chamwe KairaÂ
Andrada Mining Limited reported higher production, stronger revenue and reduced operating losses for the six months ended 31 August 2025. The company said it is now entering a scaling phase after completing engineering upgrades and corporate restructuring.
The unaudited interim results showed continued investment across its Namibian operations, including the Uis Mine and several development projects aimed at expanding tin, tantalum and lithium output. The company processed 527 583 tonnes of ore, up 10% from 481 504 tonnes in the first half of the previous financial year. Tin concentrate production increased by 14% to 858 tonnes, and tantalum concentrate output rose by 12% to 27 tonnes.
Higher throughput followed improved plant stability and optimisation efforts that lifted the processing rate from 132 tonnes per hour to 143 tonnes per hour. Revenue increased by 12% to £12.2 million (N$277 million), supported by higher tin sales and a 6% increase in the average tin price to US$33 154 per tonne.
Gross profit fell by 27% to £1.9 million as the cost of sales rose by 25%. The company said the higher costs reflect inflationary pressure on mining and processing inputs, and that expansion activity contributed to the increase. It expects additional processing capacity, including from the new Jig Plant, to support margins in the future.
The Uis Mine remained the main driver of output growth. Andrada said the mine’s long-term outlook is positive and that ongoing development work will expand tin and tantalum production while adding a lithium concentrate product. The reengineered Ore Sorter Project, expected to increase tin and tantalum output by about 60%, was delayed due to capital reprioritisation but is now set for construction in 2026. Long-lead items have been procured, with fabrication planned for the first half of 2026 and commissioning in the second half.
The company is progressing its Uis lithium expansion programme. Metallurgical tests and an economic analysis showed that it’s possible to create a high-purity lithium concentrate using a combined processing system. Andrada plans to advance the project to a Definitive Feasibility Study in 2026 and is in talks with potential offtake and development partners.
In June 2025, Andrada added Talent10 Resources as an 8% strategic shareholder through a £4.5 million equity subscription. The company said the partnership will support capital projects at Uis and help drive growth.
Andrada continued its strategy for hedging tin prices to reduce cash-flow swings. A Standard Bank hedge at US$33 000 per tonne ended in May 2025, and a new Bank Windhoek hedge at US$34 400 per tonne is in place until May 2026 for 20 tonnes per month.
