Andrada Mining Share Discussion Threads

[lasata] 22/5/2023 08:40

6p chart level is significant area......

[gardenboy] 22/5/2023 08:11

All systems go

[nicosevos] 22/5/2023 08:09

Looking good, gaining traction and the share price is on the up!!!!
gla

[arlington chetwynd talbott] 22/5/2023 08:08

Going the right way now. That was strange.

[sogoesit] 22/5/2023 08:02

Yes, great info. All has become clearer!

[kaos3] 22/5/2023 07:51

i like this Co

[3ootuk] 22/5/2023 07:13

Brilliant update, everything on track and going well. Plus there's more info on the saleable price of the petalite.

"...The pilot plant processing capacity will be 20 tonnes per hour with minimum annual production targeted at 2,400 tonnes and an upper annual production target of 10,000 tonnes. This facility could generate annual revenues of between US$5million to US$20 million at the upper levels of production assuming an average grade of 4.0% Li(2) O and an average petalite price of US$2,000..."

[dunns_river_falls] 18/5/2023 10:06

Also mentioned in the IC about companies smashing their broker forecasts.



Although I am not convinced this is recent as I can see brokers raising forecasts back in Jan. Unless this is still to filter through on stocko.

[jelignite] 18/5/2023 05:43

I'm looking forward to presenting the amazing @Andrada_Mining story next week @LondonSouthEast and clear up any lingering questions that might be out there. See the link below:Https://www.surveymonkey.co.uk/r/9BG333THttps://twitter.com/anthonyviljoen/status/1659053732166860800?s=12&t=ZlJ8AGBuY0ax94XcXCKOKwGLA

[dunns_river_falls] 17/5/2023 22:16

Drilling results from Nais Nais could be due soon. That could be another catalyst. Hopefully more high % lithium intersects.

[melloteam] 17/5/2023 12:46

Just to let shareholders and prospective investors know that Andrada Mining will be presenting on the 23rd of May next week at Mello2023.

We have created a two day physical investor conference (23rd & 24th May) at the Clayton Hotel and Conference Centre in Chiswick that will include 15 top quality keynote speakers, 12 educational workshops and panel sessions, 50 exhibiting companies plus over 80 company presentations for investors to evaluate and understand their current or future investments. For a £25 bonus add-on price delegates at Mello2023 are also invited to make it a three day visit and join us for the Mello2023 Virtual event the day after, Thursday 25th May.

Tickets are still available and if you would like one at half price then enter the code MMTADVFN50.

[mirabeau] 17/5/2023 12:06

'The project sits less than 5km from the township of Uis and less than 2.5km from Andrada’s operating lithium-tin-tantalum mine in west-central Namibia. Andrada’s Uis mine has resources of 81 million tonnes at 0.73 per cent lithium oxide, 0.15 per cent tin and 0.14 per cent rubidium. It gives the mine a total resource metal content of 1.45 million tonnes lithium carbonate equivalent, 120,000 tonnes of tin metal and 109,400 tonnes of rubidium with substantial tantalum.

Andrada believes its mine is world-class and expects to eventually expand its resources to about 200 million tonnes.'

[jelignite] 17/5/2023 11:08

Https://app.sharelinktechnologies.com/announcement/asx/dd5e3e8207b4401019891af1a7099e99

[3ootuk] 17/5/2023 10:58

Next step up will be pilot plant news then possible jv. Depends how much we give away to accelerate growth.

[jelignite] 17/5/2023 10:57

Got this from SKM on the telegram channel,Https://www.theassay.com/news/askari-brings-in-cannacord-to-support-namibian-lithium-plans/GLA

[sogoesit] 17/5/2023 10:10

Yes, from a TA angle Resistance is at 6. Next Resistance above is about 7.5.
Thence 9.75.

Fibs, if you believe in them, are:7.50 then 9.90 coincidentally (with an intermediate at 6.7).

Catalyst 23 May Webinar?

[lasata] 16/5/2023 14:25

If this pops through 6p....fair chance it will go back to 9p.....

[dunns_river_falls] 16/5/2023 12:02

250k at full ask. Next move up due?

[dunns_river_falls] 15/5/2023 11:50

Brandberg West is a huge licence. I think that was copper, tungsten and gold in addition to tin. I know AV has talked very positively about that license but does it really fit with the lithium aspirations? Could sell or JV to raise cash to supercharge the tin / lithium at Uis / Nais Nais. Those areas look to be the core revenue source

[sogoesit] 15/5/2023 11:23

To your point 3) I think the appointment of Barclays announced on 11/05 indicates aspirations more than mining as it mentions.... "vertically integrated lithium industry" (in Namibia). If, currently, ATM don't have expertise in this domain they need to, at least, JV with someone in setting-up the businesses for vertical integration so that Namibia can export added value Lithium Carbonate and/or Hydroxide.
(My research tells me that a significant amount of energy is required for this later stage process (usually Natural Gas).)
For anyone interested take a look at the model IGO Ltd (IGO on ASX) in Australia are pursuing with Tianqui (Chinese) at Kwinana in WA.

Of course western oriented companies need to do this otherwise the Chinese will step-in.

Here are the relevant paragraphs from the 11/05 RNS

"As previously announced, the Company is in the process of expanding its existing tin operations to incorporate a lithium concentrate production stream. The Company operates in the lithium rich Erongo Region of Namibia and aims to use its asset position and first mover competitive advantage to rapidly develop a vertically integrated lithium industry within the country. Bringing a lithium concentrate to market from the ongoing pilot programme, will be the first step to validating the lithium potential of the region as well as unlocking the significant potential of the Company's large mineral resource.

As a result of these ongoing initiatives, Andrada has received numerous unsolicited approaches from international entities seeking to participate in the acceleration of the Company's lithium strategy by partnering with Andrada to develop its Uis mining licence ML134. To this end, the Andrada Board has decided to undertake a structured assessment ("Strategic Assessment") of these approaches. The focus will be on identifying a partner with appropriate technical and financial capabilities for expediting the lithium opportunity, by way of investment into the Uis Tin Mine Company (Pty) Limited, the subsidiary that holds the ML134 mining licence. The Strategic Assessment will enable Andrada to explore several funding permutations based on existing and proposed options, to determine the one that is most aligned to its overall objectives.

Barclays, through its Investment Bank, has been appointed to lead the Strategic Assessment alongside Andrada's existing advisory and financing partners. Barclays was selected from several potential advisors based on its extensive experience and knowledge in the lithium sector for small to mid-cap companies such as Andrada. Any parties interested in submitting an indication of interest in relation to the Strategic Assessment should contact Barclays via the contact details shown below.

Commenting on the Strategic Assessment, Anthony Viljoen, Andrada CEO said , "As Andrada accelerates its trajectory towards producing lithium and establishing Namibia as a major producer, it is imperative that it collaborates with an appropriate strategic partner to realise value from this opportunity within the shortest timeframe. The appointment of a financial advisor for the Strategic Assessment will be key to ensuring that we have a well-structured and successful outcome. Barclays provides the optimal combination of extensive experience in advising on strategic partnerships and access to the global financial markets. We look forward to providing further updates on this process in due course."

[dunns_river_falls] 15/5/2023 11:04

There are so many unknowns at this stage. I would echo jelignite and hope you can attend the webinar next week and ask your pertinent questions.

I have a few questions as well
1) When can we expect 1st revenue to be generated from the pilot plants lithium LI2O concentrate?
2) Is the financing package still on course to complete by the end of May or is this superceded by the potential for a funding injection from parties seeking to advance the lithium project?
3) Given the scale of the mining licenses that are not yet producing, could the company seek a farm out partner to expedite those projects?

[sogoesit] 15/5/2023 09:03

Ok, noted and thanks.

On doing some research as to how all this mining chemistry stuff works, not my "metier", I have found that a mine is likely only to be selling/exporting treated and "beneficiated" ore. The next step is to take this ore and refine it into Lithium Hydroxide or Lithium Carbonate.
On further reading of the company's presentation the following are the likely mine ore export specifications:

From petalite: >4.00% Li2O / <0.80% Fe2O3 / <8.00% moisture
From spodumene:>6.00% Li2O / <1.00%Fe2O3 / <8.00% moisture

The only information I can get on pricing is:
Lithium Hydroxide Monohydrate -

and
Lithium Carbonate -


How we get to the ore sales price is the next question as, clearly, a specification that is greater than a cut-off is going to be uncertain until it is contracted with an off-taker unless the Li2O content is known (depending on the economics of the beneficiation at mine process).

Await pilot plant performance therefore?

[jelignite] 14/5/2023 19:08

Good to question to ask the man himself.London South East Natural Resources Webinar 23 May - Andrada to presentDear All, We are delighted to let you know Anthony Viljoen, CEO at Andrada Mining will present and take live questions from 6 pm onwards at our Natural Resources webinar. Please register here: https://us02web.zoom.us/webinar/register/4016831221028/WN_cos7b3ffToOE_hQc6BgQmA

[sogoesit] 14/5/2023 14:14

Yes, so this is no longer a Tin mining operation but will turn into a Lithium Mining operation from 2025 with an LCE AISC of -$490/T (per latest presentation).
That's a pretty competitive cost and sits at the bottom of the competitive miners' cost curve by a mile; well, by -$490/T precisely.

So, to me, if it breaks-out above 6p it should get to 10p-12p in the next 12-18 months.
Just guessing.

PS. Anyone know what Chemical product ("concentrate") they will be selling from the mine (not Li, but maybe Li20 or Li2CO3 etc.)? I.e. on the Development Roadmap - Medium Term slide of the recent presentation what is the product to be produced in 2025 at 15,000 LCE tpa?