Andrada Mining

14 Sep 2023 10:03

RNS

https://www.lse.co.uk/rns/ATM/q2-ops-update-for-the-period-ended-31-august-2023-bqljw1d8kpxt7ln.html

Andrada Mining

10 Sep 2023 23:43

https://x.com/mining/status/1700954840489152791?s=61&t=Q-tNsK2Yo4sx4o7ucyNt1Q

Andrada Mining

07 Sep 2023 13:29

https://x.com/andrada_mining/status/1699663867746406688?s=52&t=ZlJ8AGBuY0ax94XcXCKOKw

Andrada Mining

06 Sep 2023 09:19

Good intercepts..👏👏👏

Andrada Mining

16 Jul 2023 00:21

ATM mentioned if you scroll down

Andrada Mining

14 Jul 2023 09:05

Love spam, occasionally for breakfast. You know it is unhealthy but it is strangely good.

Andrada Mining

12 Jul 2023 18:20

I liked the heading, “Demand for critical minerals for clean energy technologies is likely to increase rapidly in all IEA scenarios.”

Andrada Mining

12 Jul 2023 18:10

Interesting inaugural report from the International Energy Agency on the need for critical metals, including lithium.

https://iea.blob.core.windows.net/assets/afc35261-41b2-47d4-86d6-d5d77fc259be/CriticalMineralsMarketReview2023.pdf

Andrada Mining

12 Jul 2023 17:53

Any ideas who it is ?

Andrada Mining

12 Jul 2023 17:14

https://twitter.com/tinpricebot/status/1679135255645630468?s=52&t=ZlJ8AGBuY0ax94XcXCKOKw

Andrada Mining

12 Jul 2023 16:41

All getting very interesting

Andrada Mining

10 Jul 2023 08:30

https://twitter.com/anthonyviljoen/status/1678255111481577473?s=52&t=IHfWJFOvP3NnEWLgLIM5ZQ

Andrada Mining

07 Jul 2023 17:18

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.

Andrada Mining

06 Jul 2023 13:58

https://twitter.com/tinpricebot/status/1676922058838806534?s=52&t=ZlJ8AGBuY0ax94XcXCKOKw

Andrada Mining

06 Jul 2023 09:00

https://twitter.com/tinpricebot/status/1676847252625817601?s=52&t=ZlJ8AGBuY0ax94XcXCKOKw

Andrada Mining

12 Sep 2023 09:39

Been a good recovery in the SP over the last 2 weeks. Long may it continue.

Andrada Mining

08 Sep 2023 13:15

Good volume today. 2 large buys

Andrada Mining

06 Sep 2023 19:56

would be interesting to know if there’s more underneath the sand/gravel

Andrada Mining

16 Jul 2023 09:06

Brilliant thanks. Should give us a kick up on Monday

Andrada Mining

16 Jul 2023 00:21

https://www.fool.co.uk/2023/07/15/2-nearly-penny-stocks-to-buy-in-a-winning-portfolio/

Andrada Mining

12 Jul 2023 18:37

It can only go one way; I read somewhere today that the lithium ion battery has only been around since 1990. Since then it’s found its way into most devices. The auto industry demands are greater than everything else combined by a factor of two.

Andrada Mining

12 Jul 2023 18:13

I saw that Arno Barnard played a role in the report; only skimmed through it

Andrada Mining

12 Jul 2023 18:02

Assuming we may see a TR1 at some point

Andrada Mining

12 Jul 2023 17:42

There is a v large background buyer

Andrada Mining

12 Jul 2023 17:08

Look price has broken through 29k

Andrada Mining

12 Jul 2023 16:40

Big trade. There have been a few over them over the last week or two

Andrada Mining

07 Jul 2023 19:04

Happy with 35p. Thanks for posting that.

Andrada Mining

06 Jul 2023 19:28

https://twitter.com/tinpricebot/status/1676994602618990592?s=52&t=ZlJ8AGBuY0ax94XcXCKOKw

Andrada Mining

06 Jul 2023 10:36

Lovely work with the drill bit, tin prices up, inference of the Tantalum circuit near complete, what’s not to love.

Andrada Mining

06 Jul 2023 08:38

Some nice intersects. As I am not a geologist, we’re we expecting more at 1%+ quality?