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ATM Andrada Mining Limited

5.70
0.40 (7.55%)
08 Dec 2023 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Andrada Mining Limited LSE:ATM London Ordinary Share GG00BD95V148 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.40 7.55% 5.70 2,772,483 15:48:51
Bid Price Offer Price High Price Low Price Open Price
5.60 5.80 5.70 5.30 5.30
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Ferroalloy Ores, Ex Vanadium 9.88M -8.1M -0.0052 -10.96 88.34M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:06:34 O 20,000 5.70 GBX

Andrada Mining (ATM) Latest News

Andrada Mining (ATM) Discussions and Chat

Andrada Mining Forums and Chat

Date Time Title Posts
07/12/202315:09Andrada Mining - Globally Significant Lithium Resource 673
26/10/202310:42AfriTin Mining (stock thread with charts)1,141
18/8/202116:22Capex to 1000mtv-
12/11/202012:20Afritin Mining.47
25/6/202016:19Moneybox the Number 1 ATM outfit524

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Andrada Mining (ATM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-12-08 17:06:345.7020,0001,140.00O
2023-12-08 16:28:385.775,000288.75O
2023-12-08 16:06:175.7525,9711,492.03O
2023-12-08 15:48:445.7530,5821,756.94O
2023-12-08 15:47:585.501,78598.18O

Andrada Mining (ATM) Top Chat Posts

Top Posts
Posted at 09/12/2023 08:20 by Andrada Mining Daily Update
Andrada Mining Limited is listed in the Ferroalloy Ores, Ex Vanadium sector of the London Stock Exchange with ticker ATM. The last closing price for Andrada Mining was 5.30p.
Andrada Mining currently has 1,549,745,003 shares in issue. The market capitalisation of Andrada Mining is £88,335,465.
Andrada Mining has a price to earnings ratio (PE ratio) of -10.96.
This morning ATM shares opened at 5.30p
Posted at 05/12/2023 13:56 by 3ootuk
Pity the share price doesn't.
Posted at 29/11/2023 12:48 by 3ootuk
One might even see pressure on the Chinese group Xinfeng to send material to ATM for processing, or even ATM taking them out as they appear to keep falling foul of the authorities.
Posted at 16/11/2023 16:31 by earwacks
This is confirmation and receipt of money from the news from last august when the share price was higher. The price of lithium is lower though. The cost of the loan notes appears to be less than 2 percent in shares added. Options set at 9.4 to buy more shares. It is good news but market in doldrums still. Still
The best lithium play although the market doesn’t appear to agree at the moment. Usually takes time for them to work that out
Posted at 23/10/2023 21:49 by cottoner
Extracts

"And whether or not electric vehicles are ultimately powered from burning coal or harnessing solar and wind, they'll all still need lithium.

China already has more electric vehicles than anywhere else, and a combination of subsidy, soft coercion, price competition, and genuine consumer satisfaction look set to keep the market there buoyant.

So don't count lithium out quite yet. In fact, the current low prices could well represent the last major opportunity to buy on the dip before the permanent re-rating that will arrive when petrol vehicles are phased out for good."


"In the USA, Bradda Head (2.5p) has a swathe of projects, in Europe, European Metals Holdings (33.5p) is well positioned in Central Europe, while Savannah Resources (3.4p) has a major project out west in Portugal. And in Africa, Kodal Minerals (0.45p) , Atlantic Lithium (24.8p), and Andrada Mining (5.8p) all have sizeable assets.

What's more, many of these companies are either in, or close to, production, meaning that much of the risk that's traditionally associated with earlier stage mining companies has now been priced out.


So, they have much to recommend them, both individually, and as a group. First off, they've all suffered downward pressure on their share prices because of the weaker lithium price.

And that pressure won't be around forever. Second – although it may look bad in lithium mining at the moment, it's a lot worse in other parts of the mining sector."
Posted at 04/10/2023 21:06 by nesty1760
The strategic partner news isn't too far away I would think, but I wonder just in the current climate how much more will it add to the share price price?

It's probably 2024, where we hopefully see the full potential value shaping up.
Posted at 08/9/2023 08:16 by sogoesit
Here's a "peer": Atlantic Lithium, a few miles up the West African coast.
Ghana government threw in $33m announced today. share price up 15%+ but YTD significantly underperforms ATM.
Posted at 06/9/2023 18:07 by jelignite
Hannam note just out 358% increaseAndrada Mining ("ATM") has released assay results for the first batch of Reverse Circulation ("RC") exploration drilling results undertaken at the ATNN01 – ATNN14 pegmatites, within licence ML133, also known as the Lithium Ridge Project. Situated ~35km SE of ATM's flagship Uis Mine, an exploration drilling programme comprised of 24 RC drill holes was implemented to investigate the continuation of selected outcropping lithium-enriched pegmatites at depth. The programme yields ~800 chemical analysis samples with the results of the first 14 holes, comprising ~400 samples reported in the recent announcement. The programme was designed to investigate the subsurface morphology and metal endowment of pegmatites containing elevated lithium values at the surface. Results confirm lithium mineralisation along the 4km strike distance covered and indicate intersections at higher lithium grades compared to those at Uis (~0.72%) with a weighted average grade of ~1.06% Li2O. Weighted average tantalum grades of ~79ppm were in line with Uis' ~86ppm. The company's offsite metallurgical programme has shown the ability to produce a saleable petalite concentrate from Lithium Ridge. Together with the ongoing commissioning of the lithium pilot plant at Uis, balance sheet de-risking post recent convertible note and bank loan financings, and a strategic process still to be concluded to select a funding partner to participate in the acceleration of the Company's lithium development, we believe the 78% discount to our GBp 33/sh target price should continue to close. More evidence of potential for Lithium Ridge to supplement Uis petalite output Out of the 14 holes covered in the announcement, highlights include ATNN 08, which intersected 14m at 1.80% Li2O, 0.08% Sn and 70 ppm Ta from a depth of 8m, including an 11m subinterval at 2.13% Li2O, and hole ATNN 02 which intersected 27 m at 1.24% Li2O, 0.14% Sn and 116 ppm Ta from a depth of 31m to 58m. License ML133 is situated along the D1903 road linking to the B2 highway and sits within 'truckable' distance from existing processing facilities at Uis, where a pilot lithium circuit has been constructed. The company expects the remaining 10 drilling holes to show similar results in line with the channel samples over the remaining 2km mineralised strike distance. With successful results achieved through the programme, it is probable that ATM will undertake further drilling initiatives aiming to establish a JORC-compliant resource within this area of the licence in future. Lithium pilot plant commissioning being "finalised" As detailed in our June 12th upgrade note, ATM produced the first saleable bulk lithium concentrate from the off-site pilot test, processing material from Lithium Ridge using dense medium separation ("DMS"). This petalite concentrate is being tested for conversion to lithium carbonate and lithium hydroxide. Additional beneficiation steps available to ATM include froth flotation and sensor-based ore sorting, which could unlock process efficiencies. Following completion of construction in July, we note commissioning of the onsite lithium pilot plant at Uis is currently "being finalised", which could generate first revenue from lithium as early as this year. (H&Pe ~US$6.2m petalite sales vs US$5m-20m guidance for FY ending Feb'24). The new pilot plant could also be used to run batches of ore from Lithium Ridge, accelerating the metallurgical test programme. Valuation: Mar'24E GBp33/sh TP implies 358% upside We believe the market continues to underappreciate the long-term potential of Uis, especially compared to lithium peers and given its near-term profitability with £12m EBITDA in FY Feb'24E (H&Pe). Based on a US$1,200/t petalite price assumption we derive a DCF-based, diluted, risked valuation for ATM of GBp33/sh, 358% above the current price. ATM has materially de-risked the full optimisation of the "Phase 1" operation at Uis through recent financings, including a £7.7m convertible note issued in July, £5.35m bank loan from DBN concluded on Sep 5th, and a US$25m equity, convertible and royalty package from Orion Resource Partners which is expected to be finalised by the end of September. Despite ATM's improved balance sheet position, we maintain our target P/NPV multiples of 1.0x on the current "Phase 1A", 0.6x on the "Phase 1B" optimisation including the addition of a commercial lithium operation, and 0.5x on the potential "Phase 2" expansion.
Posted at 07/7/2023 15:18 by jelignite
Andrada Mining ("ATM") has released results from the first drill programme on the B1 and C1 pegmatites, within licence ML129, also known as the Spodumene Hill Project. Sitting ~15km SW of ATM's flagship Uis Project, Spodumene Hill is thought to be mineralogically similar and could provide a satellite ore source for the current Phase 1 tin-tantalum circuits and potential future commercial lithium plant. With surface sampling in 2022 having shown the presence of spodumene mineralisation – which sells at a premium to the petalite present at Uis – the 2023 exploration programme was designed to upgrade historical resources of tantalum and tin, whilst proving continuity at depth and establishing average grades of lithium. The results confirmed depth potential and highlighted zones of very attractive lithium grades (>2% Li2O in places). While the programme provides a relatively small sample of preliminary, shallow holes, ATM sees scope for ore sorting to provide a high grade pre-concentrate for a future lithium processing plant. Meanwhile, tantalum grades were up to 2,742ppm and averaged ~280ppm, more than 3x the grade at Uis. ATM has initiated a metallurgical programme to define an optimal flowsheet for lithium, tantalum and tin from Spodumene Hill. The imminent completion of a lithium pilot plant at Uis could assist in this process and, along with ATM's ongoing strategic funding process, is a key upcoming catalyst to close the 79% discount to our GBp 35/sh target price. Initial glimpse into the potential of Spodumene Hill Project ATM completed 1,159 m of diamond drilling over seventeen drill holes on B1/C1, with all holes intersecting mineralised pegmatites. Highlights include hole B1_01 which intersected 14.52 m at 1.38% Li2O, 285 ppm Ta and 0.131% Sn from a depth of 15.48 m, including a 5m subinterval at 2.32% Li2O, and hole C1_04, which intersected 11.06 m at 0.81% Li2O, 1101 ppm Ta and 0.033% Sn from a depth of 13.59 m to 24.65 m. In addition to the visible lithium content, the intersections highlight the tantalum potential of the area, with the highest grade returned reaching over 2,700ppm. We note licence ML129 sits within 'truckable' distance from existing processing facilities at Uis, including a recently constructed tantalum recovery circuit, suggesting potential upside by blending higher-grade tantalum feeds. Following positive pegmatite intersections, the company will concentrate on defining the extent of these zones both laterally and with depth, as well as launching a metallurgical programme to explore the optimal beneficiation process, which we believe is likely to involve ore-sorting to produce a higher lithium grade pre-concentrate. Lithium test programme on track As detailed in our previous note, ATM announced it has produced the first saleable bulk lithium concentrate from the off-site pilot test, using dense medium separation ("DMS"). The encouraging petalite concentrate is being tested for conversion to lithium carbonate and lithium hydroxide, alongside provisional completion of an offtake agreement, targeted for Q3 CY'23. Additional beneficiation technologies available to ATM include froth flotation and sensorbased ore sorting, which could unlock process efficiencies. Construction of the onsite pilot plant is expected to complete imminently, with commissioning anticipated in the coming weeks; as such, we believe Uis could generate early revenue from lithium, later this year. (H&Pe ~US$6.2m petalite sales vs US$5m20m guidance for FY24E). The new pilot plant could also be used to test run batches of ore from Spodumene Hill, accelerating the metallurgical programme initiated post these drilling results. Valuation: Mar'24E GBp35/sh TP implies 373% upside We believe the market continues to underappreciate the long-term potential of Uis, especially in comparison to lithium peers and given its near-term profitability with £12m EBITDA in FY Feb'24E (H&Pe). Based on a US$1,200/t petalite price assumption we derive a DCF-based, risked valuation for ATM of 35 GBp per share, implying 373% upside.
Posted at 30/6/2023 11:29 by dunns_river_falls
To my mind, Andrada are simply impossible to put a metric based valuation on currently. If the lithium venture has a $1bn implied valuation come September, which based on other lithium deals is not impossible. Who knows where the share price will open. Even at a 500m valuation that's still multiples of the current share price I want to see where that process takes us to before I settle on a target. Just hope we continue the nice uptrend for the next few months in anticipation.
A bit strange that we have not had the results from Spodumene Hill. I wonder if the bidders have had early sights of the results?
Posted at 12/6/2023 09:08 by dunns_river_falls
New broker note from H&P

Andrada Mining’s (“ATM”) transformation from junior tin producer to districtscale lithium developer in Namibia has yet to be fully appreciated by the market,
in our view. ATM is set to become the first UK-listed producer of lithium upon commissioning of its pilot facility at Uis over the coming weeks, having confirmed a significant M&I Resource in February and a first petalite bulk sample in May.

We believe the strategic process to select a funding partner for Uis following unsolicited interest from multiple parties could lead to considerably larger share price gains than the 13% rally in ATM since it was announced. We note, for example, Kodal Minerals’ shares have risen more than three-fold through its process, while precedent transactions and peer-group multiples suggest that ATM should be trading on a multiple >4x where it is currently. Even this underestimates the long-term value of ATM, in our view, with the prospect of resource expansion, modular production growth through the addition of oresorting technology, and ongoing lithium market tightness driving a 40% uplift in our DCF-based, risked sum-of-the-parts to 35 GBp per share, +483% from the current share price.

However, we note the strategic funding process may eliminate the need for cash from Orion, while ATM assesses further funding options for Phase 2. Our increased petalite price assumption drives a 40% uplift in our DCF-based, risked valuation for ATM to 35 GBp per share with +483% upside
Andrada Mining share price data is direct from the London Stock Exchange

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