Andrada Mining Share Discussion Threads

[dunns_river_falls] 07/7/2023 11:53

There is a new note out by H&P. Not got access to it as it's behind a paywall. Anyone got access to research tree and could summerise?

Tin prices are very supportive. $28,400 so an extra $250k per month over the last reported figures.

Lithium ridge (nais nais) drilling results next. News on lithium plant start up. With strategic partner progressing hopefully the next few months should be interesting. Spodumene hill results were very patchy, but will still underpin resource upgrades.

I think the strategic partnership only includes the Uis licence and the 180 pegmatites. Huge area and massive potential.

[lasata] 07/7/2023 11:11

FT:



It doesn’t need to be this way. Industry analysts are all flashing the same warning lights: achieving the energy transition will demand far more lithium and other minerals by 2030 than the world is on track to produce. Responsibly boosting global production is paramount. Avoiding critical minerals shortages will require some 330 new mines over the next decade, according to Benchmark Minerals, even assuming maximum progress on recycling. This includes 59 new lithium mines; the world currently has a couple of dozen. 

This is not a problem any country can solve alone. The magnitude of supply needed to fend off looming shortfalls is larger than any one nation could conceivably mine. The US and its partners can and should co-operate to boost overseas production. Neither is it a problem the market can easily manage by itself. There are several reasons to doubt the old saying, “the cure for high prices is high prices”. After all, lithium prices have risen 800 per cent over the past three years — and still, mining companies, wary of price volatility, aren’t investing anywhere near the rates needed.

America’s recent critical minerals deals with Japan, and soon Europe, offer a promising opening. But to avoid global shortages, policymakers must go much further. To start with, they’ll need to bring exporters to the table, not just buyers — stitching Washington’s bilateral deals with Japan and the EU into a new critical minerals pact with leading net importing and exporting countries. Absent this sort of expansion, the world could read US agreements with Tokyo and Brussels as an attempted ‘buyers club’, which risks stoking calls from some exporters to form an Opec-like cartel for critical minerals.

[lasata] 07/7/2023 08:17

ITA:

"Andrada Mining, formerly AfriTin Mining, produced record levels of tin-in-concentrate at costs below management guidance for the first quarter ending May 31, 2023 (‘Q1 2024’).

The company released the results in an unaudited operational update for its Uis project, Namibia, for Q1 2024, showcasing significant achievements and positive financial performance.

Owing to the processing plant operating at record levels of 135 tonnes per hour, the company reported a 42% year-on-year increase in tin-in-concentrate production, reaching 216 tonnes in Q1 2024 compared to 152 tonnes in Q1 2023. When scaling to overall concentrate, production saw a substantial rise of 50%, reaching 359 tonnes compared to 239 tonnes in the same period last year.

Commenting on Andrada’s performance this quarter, Anthony Viljoen, CEO, is “pleased with the significant efficiencies achieved with the increased production of tin concentrate and the lower-than-expected cash cost increases QoQ.”.

Despite a quarterly rise in costs due to the increased stripping ratio from 1.4 to 2.3, the average C1 operating cash costs were maintained below the projected guidance, touching $15,741 per tonne of contained tin. Similarly, the All-In Sustaining Costs (AISC) were also lower than the management’s forecast, standing at $21,377 per tonne.

Improved safety performance was another notable highlight, with Andrada Mining achieving a Lost Time Injury Frequency Rate (LTIFR) of 0.95 for 881,808 Lost Time Injury (LTI)-free hours, indicating a safer working environment.

In terms of further exploration, drilling activities are ongoing to upgrade historic resources and confirm mineralization in various pegmatite areas.

Our view: The latest update reinforces Andrada Mining’s promising future. The company’s high levels of tin production and successful generation of their initial saleable bulk lithium concentrate showcase their potential. The exploration of revenues from this lithium for H2 2023 could further bolster their financial performance.

Positive momentum is likely to continue for Andrada, as the company anticipates releasing the assay results from their ongoing drilling activities in the near term."

[martinfrench] 06/7/2023 20:10

would to compare us to prem....just money upfront for a set amount of lithium to be produced fine by me

[3ootuk] 06/7/2023 20:04

If we look at the deal between Canmax and PREM last June, their lithium offtake was a profit share once production costs deducted.
Seems like a reasonable thing.

[sogoesit] 06/7/2023 11:41

Indeed... Lol

[arlington chetwynd talbott] 06/7/2023 09:36

Yes, when something seems to be neither one thing nor the other, the market often ends up concluding that it is the other.

[theimpatientone] 06/7/2023 09:18

oh well the traders have decided that the results were held up to let the seller get a better price. Danger of dealing with a non London based Company

[3ootuk] 06/7/2023 08:48

No great sell off on news.
The real thing here is they have a large volume of pegmatites so can load the plant around the 1% level. Depends how much they want to split between tin and lithium.
They might preconcentrate the lithium and throw the low bearing tin, keeping the main plant in the higher tin.

[arlington chetwynd talbott] 06/7/2023 08:12

It is certainly difficult for us as laymen to put results like these into context. There are usually some clues in the language used in the RNS, which in this case I would say is neither one thing nor the other. The market reaction seems consistent with that.

[nicosevos] 06/7/2023 07:52

There is a very big buyer at work here.

Stock moving from retail, flipping for small percentage gains,

to institutional hands looking for, and having the patience to hold for,

multi baggers.....
gla
Edit, C&P Twitter, Robin Mayes.

[theimpatientone] 06/7/2023 07:38

So as a layman could a geologist tell me are these results good or bad ? Were these results held up to help the big seller get out yesterday or are they good and a punishment to the seller for having got out ? Usually one of the two !!!

[weyweyumfozo] 06/7/2023 07:34

"These results have also highlighted the tantalum potential of this area, and the relevance of the recently constructed tantalum recovery circuit. The proximity of the Spodumene Hill Project to the existing operations provides an immediate opportunity for additional revenues from the project area by blending tantalum grades."

[3ootuk] 06/7/2023 07:25

Interesting that the tantalum circuit is also close to completion. We haven't heard too much about that.

[nicosevos] 06/7/2023 07:20

Wooooooooooooooooow.....Exceptional!!!!!!!

High grade lithium intersections suggest the presence of significant spodumene mineralisation.


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."



LMEselect Tin 3 Month, USD/mt

Latest: $28,050...+$417 (+1.51%)

[3ootuk] 06/7/2023 07:17

Over 1.5‰ is good, under 1% isn't great
Very mixed bag here, depends what it all averages out at as there hasn't been a top cut
Cut off grade is quite often 0.4%
Should average out to a decent overall grade.

[theimpatientone] 06/7/2023 07:11

Spodumene Hill drill results are out in RNS

[martinfrench] 05/7/2023 11:31

i have 4 million kod, and now back in my good books, i think it will go ahead now, so no issues. am split between the 2, atm and kod, hold equal cash amounts, but will add some more kod when price settles

Askari announced yesterday they had aquired 100% of EPL 7626, on strike with Uis, for not very much cash (i think they owned most of it before)

[stocksnerd] 05/7/2023 11:31

martinfrench should be aware that he knows nothing about me, or about my intentions. I was merely pointing out an article that is in lots of newspapers and says that Toyota have announced that they may have a half weight, solid state battery in just a couple of years.

If that's true, then car manufactures world wide, won't hesitate to switch if it saves them money. Why would they?

I still believe that ATM is hugely viable for lots of reasons other than Lithium but I made the choice to get out based on the article thinking that the price might drop even lower than it has done.

Maybe I made a mistake? If so, that's fine. My loss. I don't know ANY investors that haven't made similar mistakes but I had no ulterior motive when posting.

[dunns_river_falls] 05/7/2023 11:14

Yeah been watching KOD with interest. Been some ride over there!

There are a couple of reasons I would not want to be on the sidelines here (ATM) at the moment.
1) results from spodumene hill. In any event where a good sized deposit is found, this could easily be worth more than the current market cap
2) Investment partner process. Complete wildcard. Could easily unlock enough cash to fully fund stage 2.

[martinfrench] 05/7/2023 10:53

i think he made his intentions very clear when posting an article and then hoping to get back in lower.

you always get bthese articles, and cancer was supposed to be cured 30 years ago

would be a hell of a lot of lithium miners and battery makers looking very stupid if that was the case.

anyway, today its all kodal for me.....:-)

[nicosevos] 05/7/2023 10:12

ATM are making about $500,000 a month net profit, on just the tin, at the moment.
Nice earner, as they progress the lithium and tantalum lines....imo.
gla

[dunns_river_falls] 05/7/2023 10:11

I don't think the massive demand for lithium is going away any time soon. Looks like there is plenty of room for different battery types


It helps to be one of the lowest cost lithium producers in the world as ATM can cope with all price environments. And if all else fails, we still have a huge tin mine with huge growth plans. Multi metal producer has its benefits!

[martinfrench] 05/7/2023 09:38

because at a later stage they would have changed their mind ?

de-ramping idiot, filtered