Andrada Mining (LSE:ATM) has released a further set of drilling results from its Lithium Ridge project in Namibia, with the latest assays continuing to demonstrate high-grade lithium mineralisation from surface and at depth across several diamond drill holes. Notable intersections included 9.05 metres grading 2.28% Li2O, while near-surface zones returned grades of up to 3.46% Li2O, reinforcing confidence in both the quality and extent of the mineralised system.
The results form part of the company’s expanded Stage 1 drilling programme, which has now been completed and comprised 143 drill holes for a total of 16,525 metres of oriented core. Andrada is accelerating logging and sampling activities as it progresses evaluation of the project. In addition to the strong lithium results, drilling continues to identify consistent tin and tantalum mineralisation, highlighting the potential for a polymetallic development. This multi-commodity profile could improve future project economics and further strengthen Andrada’s exposure to the rapidly growing critical minerals market.
Despite the operational progress, the company’s outlook remains influenced by weak financial performance, including ongoing losses and negative operating and free cash flow, although revenues have continued to grow. Technical indicators also remain challenging, reflecting a broader downward trend and weak market momentum. Valuation metrics provide limited support, with the company remaining loss-making and offering no dividend yield.
More about Andrada Mining
Andrada Mining Limited is a Namibia-focused mining company and established tin producer with a portfolio of critical minerals assets spanning production, development and exploration. Alongside its tin operations, the company is advancing lithium and other strategic mineral opportunities that support the global energy transition.
The company is developing the Lithium Ridge project in partnership with SQM, one of the world’s leading lithium producers. Through this collaboration, Andrada aims to unlock the project’s potential and strengthen its position within the battery materials and critical minerals supply chain, while leveraging its expertise in Namibia’s mining sector.
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