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

ALN

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%

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