Mineral-rich pegmatites discovered at Lithium Ridge, with drilling operations beginning in conjunction with SQM for lithium extraction
In a significant development, Andrada Mining, a London-listed technology metals mining company, has partnered with global lithium producer SQM to commence an exploration drilling programme at the Lithium Ridge project in Namibia. The partnership was announced in September 2024 and February 2025.
The exploration programme, which includes a 14,000-meter diamond drilling campaign with approximately 120 holes, aims to investigate the mineralization at the site. The exact amount of funding allocated for this exploration was not specified in the available sources.
Andrada Mining's board of directors boasts broad industry knowledge, while its management team possesses extensive commercial and technical skills. The company is committed to sustainable development and the growth of its operations.
The company's flagship asset is the Uis Mine in Namibia, previously the world's largest hard-rock open cast tin mine. Andrada is currently re-developing the Uis Mine as a major tin-tantalum-lithium producer. An exploration drilling programme is also underway to expand the tin resource over fourteen additional, historically mined pegmatites within a 5km radius of the current processing plant.
The existing mine, along with its substantial mineral resource potential, allows Andrada to consider economies of scale. The company aims to delineate a mineral resource target of 200 Mt within the next 5 years.
Andrada Mining is also dedicated to environmental, social, and governance (ESG) practices, having established a system that aligns with international standards. Contact information for the company, including phone numbers, email, and financial public relations contacts, is provided.
This ambitious project underscores Andrada Mining's commitment to harnessing Namibia's natural resources while prioritizing sustainability and responsible business practices.
