Andrada Mining Share Chat (ATM)

I think the share price will bounce around this mark till we show a black and white printout,in the next financial.

There could be an offer for lithium ridge,but why would they,sqm have paid money in and have now got it there hanging for the future.

It's crazy really companies buying into our assets and getting paid out large amounts of shares in return.

I've thought for a long time we need a new captain at the helm.Well maybe 2027 be the year this lifts off lol🤣🤣

Many fair points made which I agree with but not re Goantagab. Strategy has for a long while now been silence due to it ultimately being a court matter, it's not been bigged up despite knowing just how transformational it will be if it goes in Andrada's favour.

If anything the lack of attention given should mean an even greater positive reaction if we do get good news on that front - personally think we will, especially with the amount of money that's at stake and the continual slaps on the wrist the tourism competitor keeps receiving.

Thanks Gibdog101 / bothercom .....my thoughts entirely, another project announced by AV with a fanfare only to be quietly forgotten without any real explanation. One of the reasons the SP is stuck where it is as think AV lacks credibility in the eyes if the wider investing market when the company is sitting on some pretty decent assets, has got credible partners at Lithium Ridge / BW and a sky high Tin price.

Fair points , I also feel during the interview in June , and the IMC the total lack of mention of goantagab or discussing of the Jig in any meaningful way , feels like another undelivered hype , that AV thinks can just be forgotten about if it’s not mentioned for a year or so. Not so , better to air it and offer a Full explanation of why it’s not happened , and if it’s likely to , that at least shows the market that you’ve learnt .

Whilst the new jig looks to be doing "something" as a pre-concentrator (we don't know what exactly), it can only be seen as a major, major, disappointment so far. Remember, it was only at the end of last August that an RNS said : Anthony Viljoen, Chief Executive Officer, commented: "The completion of the Jig Plant on time and within budget is a smart, low-cost upgrade that will immediately boost Uis tin production on the completion of commissioning.".

So in August 2025, AV was expecting an "immediate boost to Uis tin production".

In December 2025, an RNS said : "Until third-party ore becomes available, the Jig plant will use Uis ore to maintain operations and optimise performance."

So, no need to wait for Goantagab - the jig is ready, and it'll process Uis ore.

Here we are in July 2026, and we've seen very minor increases of a few percentage points in tin output - the sort of improvements we've seen over previous quarters from tinkering with the existing plant - nothing like the sort of volumes we were expecting and had been led to believe we would be seeing, and nothing you could really call an "immediate boost to Uis tin production".

It is concerning that they don't feel any need to explain just what is going on, but it's not surprising. It was the same with the ore-sorters. The old saying is turned on its head with Andrada - No news is bad news.

Yes, the company is in fine shape with the tin prices as they are, no disputing that, but they've got into a bad cycle of AV hyping up projects, then having them not deliver, and then they just stop mentioning them rather than give any explanation. In my mind, it's this cycle that needs to be broken in order for the share price to get any type of rerate.

Given the tin prices over the last 6 months, and the good news on BW and LR, it can only be lack of faith in management execution on tin expansion projects that is holding this back.

As sasa43 said the other day:-

"Change the jockey' here to let the nag really get going is what's required - most LTHs realise that, surely?"

TDT

Lowlander

"....Tungsten tin and copper in the current climate could be more of a game changer than the lithium?"

Agreed.

TDT

@CCC. - I agree, a solid update, with the real increases at Uis still to come later this year.

There's a lot of good news contained in the RNS, but it's on the topic of the Uis expansions that I am a little disappointed. There is not one mention of any progress on the build work for the expansion projects.

No mention of the status of the ore-sorters (which even the delayed timeline had them meant to be finishing construction by end-June and ready to start commissioning). No mention of the crushing circuit equipment. No mention of what the 2nd jig is actually doing (previously mentioned it was being used as a "pre-concentrator", but this was never really explained).

So overall I'm happy enough, I wasn't expecting much of an output increase in this RNS and there's no actual bad news, but why are they so reluctant to give even the shortest of details about what the future looks like ?

Morning all.

A solid update reported but not the knockout RNS many hope for, still too early for this one.

3 great assets, but only 1 in production currently and overall pleased with the progress made at Uis.

Lithium Ridge is looking good for the future but value has still to be fully recognised depending on further progress and development plan.

Brandberg West is looking very exciting, but again we are still in exploration phase.

Markets are not valuing LR & BW drill results in full, get these 2 into production and Andrada is then a wholly different mining company and the share price should be many multiples of current price.

Andrada has a history disappointing progress, hence muted response on good news, to prove this point, many look for the hidden negative mixed in the previous RNS's, I'm pleased to say, i can't see anything in this morning's news. ( please share if i may of missed one )

Feeling we might have turned the corner and the spotlight returns favourably for investors sentiment.

'Change the jockey' here to let the nag really get going is what's required - most LTHs realise that, surely? - sasa.

I guess that means don’t rely on Goggle for a quick valuation on 12.1 tonnes of 11.4% tantalum concentrate.

I stand corrected and suitably humbled.

TDT

You're ignoring the fact that the jig plant was acting as a pre-concentrator last quarter too, that's not the best quarter to compare it to.

The better comparison is with last year where contained tin for Q1 was 238t, that's a like for like.

A reminder that in Q1 last year ATM generated ~6.1m including the tantalum... currently the tin is able to bring in revs of at least £11.1m all things being equal, that's a £5m boost per quarter.

@TR2 - Sorry but you’re just not correct on Tantalum revenue.

It’s there in the accounts.

H1 2026 they produced 27.1 tonnes of Tantalum concentrate and it brought in revenue of £300,000.

So with the new jig as a pre-concentrator/sorter and the tantalum circuit mothballed they managed to increase tin production this quarter over the previous one by 15 tonnes, hardly a stellar result.

At $50,000/tonne 15 tonnes of tin comes to $750k. The 12.1 tonnes of 11.4% tantalum concentrate produced 12 months ago was worth about $1.2m.

I'm not sure I buy the company line but as I've said already WTFDIK.

TDT

@TD2 - Regarding the Tantalum, according to the company, your understanding isn't correct - shutting down the Tantalum recovery does have a benefit to tin production.

The exact words from the company are :-

"Tantalum production: the operational focus was on maximising near-term revenue through exclusive tin production. This approach shortened the overall processing cycle by removing the additional time required for magnetic separation of tantalum, thereby enabling faster throughput and delivery of tin concentrate."

I’d also prefer they stopped with all these 5p warrants otherwise they’ll end up forming a hard ceiling a tad above that price, far below what I’m sure all of us are hoping for.

And yes that seems an extremely generous package unless it’s all warrants and no salary (doubt it).

Agree with the bottom part of your statement here TDT , at 12.5p he suddenly can purchase , 12m at 5p cheeky £600,000 outlay for £1.5m in stock , think £900,000 is a little too generous remuneration if 12.5p is already built in due to assets , and returns far more value to him than some of the large PIs that have been in the company for years . That bit of the RNS is again tone deaf to the individual investors.

HarChris

I've checked my post twice now and I don't see where I've stated or implied blaming anybody or any thing.

Jay Ashfield's hasn't been engage to improve Andrada's poor comms he has been brought on board as a "Commercial Development Specialist" in other words a salesman. As far as I can determine he's not leaving Hannam and Partners and joining Andrada Mining. The same question still stands if he couldn't interest his network of contacts in Andrada before what's changed now? Today's RNS had its positives but nothing that dramatically moved the dial. Is he privy to detail we're not?

I guess Ashfield's 12m warrants with an exercise price of 5p might incentivise him enough get things moving. I'm slightly miffed, however, at the price they will vest. First 3m now, second 3m at 7.5p, third 3m at 10p and final 3m at 12.5p. Hannam reiterated a target price for Andrada of 22p. I'd have preferred it if Ashfield were made to work just a little bit harder for his pay day.

TDT

Probably not much but you can't blame a single employee of a company that covers Andrada with research notes for Andrada's poor quality communication via rns, that's quite a leap. His role now will be directly improving comms so if he's skilled in this department it might make some difference.

Obviously more significant is major news out of Brandberg West (which is sounding like it might be coming), Lithium Ridge, the scaling of the tin at Uis and also the possibility of some major Goantagab news landing at any point.

HarChris

Do you think that this announcement is going to make much difference? If Jay Ashfield, as a director at Hannam & Partners, couldn't open doors and generate interest before what makes you think he'll be able to do so now? Maybe I'm missing something here but this appointment, if that's what it is, is like so many other things announced by Andrada, on the surface positive but in reality a bit hollow.

TDT

Afternoon all

I’ve took my time to post today to try and reflect in what we are seeing here and being delivered to shareholders .

As we know this is probably too early to see the full potential of ramp up in tin production numbers , yes it’s positive we are heading in the right direction, however a extra 15tonnes doesn’t set the world on fire ! Especially after seeing serious shareholder dilution for this ! Yes we will have the ore sorters coming on line again when no detailed timeline on this . Poor management again imho .

Positive though we are making serious money and every little helps even a mere 15 tonnes extra in extremely positive as we heading up rather than downwards. Try to be balanced with this as I don’t want to screaming to is excellent when clearly it’s average at best , they really do need to act together poor PR shoe casing these assets for many years . After nearly 4 years of holding shareholders have seen no returns for faith in this company . Hopefully as we progress through the year lithium ridge and BW will deliver .

Agreed Burton, trouble is that in this market nothing shifts.

🚨 Have investors fully appreciated what @Andrada_Mining is delivering?

The latest #ATM business update is packed with catalysts… 👀

📈 Record quarterly contained tin production: 286t (+20% YoY)

📈 Record #tin concentrate production: 473t (+16% YoY)

⚙️ Higher plant throughput of 154 tph

💰 Elevated tin prices supporting stronger cash generation

But that’s only part of the story…

🔋 Lithium Ridge continues to impress with exceptional high-grade results of up to 3.46% Li₂O from near surface, alongside valuable tin and tantalum mineralisation.

⚒️ Brandberg West could be the real game changer:

✅ Ore sorting indicating >90% mass reduction

✅ Grade uplift of up to 7x tungsten

✅ Potential low-capex route to production

✅ Exposure to record tungsten prices

Add in backing from SQM, ACAM, EIB, Bank Windhoek and DBN, a largely funded growth pipeline.

The momentum just keeps building.

londonstockexchange.com/news-article/A…

Finally a proper good update. I could not see any negativity hidden between the lines. Hopefully more to come.

There it is - got my production target bang on which means no bad surprises and steady improvement to record quarterly output. Broad positive commentary around all the assets and administrative changes in line with Andrada's evolution - that's a great update!

Are we about to get a nose bleed!

Has the teflon worn off or is it still going strong? Only time will tell.

TDT

Slow times across many companies. We are due quarterly update any day now so hopefully should be positive . I added the other week .

Forcing myself to sit on my hands for a while here , need to see some traction, before increasing I think , SP very muted against other tin producers.

They'll take 500k off me at 3.836p. Seems there's an appetite for this share at the moment. Just a pity more people aren't up for a little taster. Maybe that's still to come. 🙏

TDT

If AISC has risen from $28k/t to over $40k/t then I’m finally on the same page as you Viper!

AV said they are ‘very profitable’ recently so that would mean he was lying, doubly outrageous.

(Ps they are turning a profit at current tin price).

If the company doesn't make profit when prices are this elevated than they all need to be sacked

Multi critical mineral asset company , in production . Hmmmm one day day Rodney

The market as a whole is looking pretty red this morning and we've just gone blue so here's hoping !

The race for AI supremacy is one that no one wants to lose and you cannot build anything without the raw materials be it tin for glueing it together tantalum for capacitors copper for wiring and lithium for batteries

If only there was a miner that had them all !!

GLA

Sizeable money coming late yesterday as this morning .

Uis has essentially an unlimited mine life, even at 1600t if AISC is brought down to ~$25k (or close) Uis more than justifies double the current market cap. If the lithium can be integrated it's a company-maker.

There is a lot of. Noise out there suggesting these prices might stick around for the meduim term, it does give AV the opportunity to make something of this , UiS has the get sorted out and become the 2000 T a year asset it was promised to be.

If we were there now , selling $100M in tin a year the MC would be £200-300M just off that asset , but we arnt because repeated funding without the uplift.

I’m very much looking forward to the Op update , but I think it will be Luke warm :(

Tin back at $55k.

Whatever your view on Andrada it's impossible to argue that they could fail with tin this high... so it's all about fixing the roof now whilst we go through this extended heatwave.

Https://www.globaltimes.cn/page/202606/1362492.shtml

Https://www.youtube.com/watch?v=pcId-hhhYqY

Looks like we are waiting till next week then.

There's a lot of negativity on this board. The resource is there, they have the funding now, prices are high, the company is cash flow positive, production will rise from here. It's a lot brighter now than 12 months ago.

Although I will say TD that you're one of the most balanced posters of all. Almost always objective without resorting to hyperbole.

The bulls are basically saying 'yeah there's been loads of fu*k ups and missteps but the group wide investment case is coming together now witth excellent partners and IIs on board and thanks to an unbelievably good commodity backdrop. And they assume that AV will achieve operational success on the third or fourth time of trying to scale.

The bears are basically saying 'sure, sure we've heard it all before. This company always loses money and always will. AV is useless.'

______________________

Personally I think the bulls are more balanced.

This is a good site to refer to when you want to know monthly average tin prices.

https://www.westmetall.com/en/markdaten.php?action=averages&field=LME_Sn_cash

When it comes to misrepresenting facts, between the bulls and the bears on this board I think, at the moment, its a draw.

TDT

That's right.

One could argue that previously, with costs included in the quarterly operational updates, that they were a half step towards more detailed financial results but now with the aisc omitted they are back at bog standard operational releases as is more typical on AIM.

So yeah now we get an operational update quarterly, around three weeks post quarter end (Andrada has a non typical calendar year that runs from Mar to Feb) and we also get interims three months post H1 and full year results six months after H2. 4 operational updates, 2 detailed financial updates.

They *haven't* removed quarterly reporting, that's downright misleading. ATM have never produced quarterly financials, very few AIM companies do (I can think of two out of fifty or so companies I follow on AIM). Andrada does put out an operational update quarterly and what is true is last year management said they were withdrawing the AISC from those quarterly updates as the figure tends not to be derived accurately in such a short space post quarterly end. That's not the same as you claimed.

As for debt it's not ever increasing, it's actually tailed off this year and should start reducing going forward.

@trethkor totally agree with your statement.

I don't think AV knows anymore whether he is being truthful or not, I bet he has to look in the mirror to watch his lips move.

To date we have no idea of the Financial position of ATM, they removed the quarterly reporting for a reason, and now it is 100% clear why they did this.

Tin could be making 100k/T, but if you are still spending more than your earning you are still operating at a loss, hence more debt, after more debt, after more debt.

I understand that sometimes debt is good and allows a company to grow, but shareholders here are getting diluted at every opportunity, even the ATM staff new they are never going to be able to exercise their shares at 9p+ , so these were reduced to accommodate this.

The only ones smiling and rubbing their hands together are the ones who have provided the loans, getting huge percentage payment terms.

Roll on with alot of hope and fingers crossed that ATM get bought out, that will be the only RNS that will show all the information.

I knew that choice of phrase would be picked up on and regretted it as soon as I clicked post message.

It is reasonable for a CEO building his first mine to run in to issues and teething problems along the way though, I think all would agree with that. Expectations are that he would find solutions quicker but the fact he’s acknowledging it now and talking this way suggests it’s been a steep learning curve and improvements will now come.

Learning o the Job!!! lol wish I could learn on the jon like that be in a position of Ceif for last 9 years and say to shareholders himme a break I'm learning on the job as we go long.....trust me I have a cunning plan to make us profitable

I suppose never say never trethkor but with such a massive margin on the tin currently now the hedge has lifted and with no capex requirements across the rest of the group and with the safety net of the new debt facility it really would take the most monumental f*ck up to have to go back to the market for funding for anything tin related.

And the way AV spoke in the recent interview made me think he is actually learning on the job with the operational failures to date which should help the operational team going forward.

Again, not ramping this as some guaranteed win from here but the market is pricing in severe pessimism right now so any modest delivery will see meaningful returns.

@trethkor that was really disappointing , and should have come with more explaination on why it was needed.

I know we are 7 months into a fantastic bull run of tin prices , which should have us making between $1m-2M profit a month. I’m starting to believe that tin prices might stay here for the next year or so , if not now for ATM to get this put together properly then when ?

The next report , will only have 3 months of thay bull run covered but I hope it shows how much the sale price is transforming the business .

HarChris, the problem is noone knows if it really is fully funded, because we can't trust what we hear. We were told very clearly it was fully funded at the investor presentation and a few weeks later we'd taken more debt.

The difference is tin is at $55k so there's less financial risk whilst you wait for news. Also we're 21 months through the Lithium Ridge JV and stage 1 is coming to an end as we await news on whether they progress to stage 2 and significant investment is going into the ground at Brandberg West. Oh and there's work now going on at Uis to investigate the full lithium potential there.

This is not the same situation as the past where prospects were good but cash and the commodity backdrop were always a very real potential threat.

"Over the next 6 months we should see a lot of news which should re-rate the share price"

Feel like I'm in Groundhog Day.

Over the next 6 months we should see a lot of news which should re-rate the share price

Not much debt has been taken on this year compared to past year's but to answer your question (i) tin price hasn't been $55k for most of that time, (ii) a good proportion of production was hedged at a much lower price until end of May and (iii) the most recent Namibian debt facilities were probably a long time in the making and was taken on as a safety measure in case the tin price were to suddenly turn against Andrada. Not because they were actually down to zero cash..

Others might be saying 2027-2028 is when this all comes good but that's not me, i'm very much hoping/expecting major catalysts to happen this year. I think 2026 is will be the year.

HarChris

Right now I don't think any of us actually have a a true idea of what ATM are achieving apart from taking on milions and millions of more debt every year.

Tin may be at an exceptional high price at the moment, but it always appears they are spending more than what is actually coming in, hence continually taking on more debt every year.

You would have thought with the current Tin prices that cash would be plentiful, so why the need to take on more debt, keep issuing new shares and giving them out like confetti?

We know ATM have signed a deal with the Smelters, but at a discount which has not been disclosed, and they paid 3 million up front to ATM if I remember rightly which without any doubt ATM have burnt through this already.

It is alright knowing Tin is over 50k, but financing all the debt, processing costs and reduced sales costs being an unknown, then ATM could easily still be spending more than what they are actually taking in, taking into consideration still trying to get the new processing plant operating correctly.

Been a long term holder here since Jan 2021, and have continually added over the years, and every year I think this is going to be the year, an RNS is released taking on more debt and back we go again.

In my opinion, right now we don't have a clue whats going on, every RNS there is that little bit missing, the crucial bit of information that makes it clear if they are actually making money.

The only RNS's that are very clear and very thorough with all the full details are the ones that show more debt is being taken on and what new shares are going to be issued and what the payment terms are.

I thought last year that 2026 was going to be the year, Investors on here recently are already saying 2027-2028 could be the year they eventually get things right, who knows, we are just mushrooms, kept in the dark and fed on bul...t.

Bottom draw again for another year.

First posted by HarChris on 9th. June.

TDT

🇳🇦⚒️ From overlooked tin producer to one of Africa’s most exciting critical minerals stories.

At @JuniorIndaba - @Andrada_Mining CEO @AnthonyViljoen outlined a compelling vision for the future:

-Scaling Namibia’s critical minerals potential

-Tin powering the energy transition

-Lithium Ridge emerging as a major exploration catalyst

-Brandberg West adding tungsten, tin & copper upside

-Strategic partnerships accelerating growth

-Creating jobs, skills and lasting economic value

With producing #tin, expanding #lithium ambitions and a growing polymetallic portfolio, #ATM is building a multi-generational mining business in Namibia.

🎥 Watch @AnthonyViljoen’s full presentation here:

youtu.be/RmmsggH6bNk

Exactly, here's the stages. I wonder if the increased drilling actually sort of means SQM have funded more than $7m and so essentially already has a foot in stage 2?

− STAGE 1: SQM may earn a 30% interest in GSI by funding US$7 million towards exploration over an 18-month period.

− STAGE 2: SQM may earn an additional 10% interest in GSI, thereby increasing its shareholding to 40%, through additional funding of US$13 million for exploration over a further 24-month period.

− STAGE 3: SQM may earn an additional 10% interest in GSI, thereby increasing its shareholding to 50%, through the achievement of the earlier of,

· the completion of a Lithium Ridge DFS, OR

· a total of US$40 million being incurred on development.

_________________________

What is clear from the figures attached is that anything beyond stage 1 is real proof that there's something here as it jumps from $7m investment for 30% to $13m investment for just 10% more. The final 10% requires ~$20m.

Also worth remembering that this JV was announced when lithium price had fallen almost 90% in just eighteen months, terms could well be on the favourable side for SQM.

we're still waiting on assay's to be completed but these aren't the most important announcements we are waiting on. the key milestone is likely to be one of:

1 - as you have pointed out sqm advancing to the next earn-in stage

2 - announcement of a maiden resource program

3 - additional drilling beyond the 16,500 m campaign

4 - publication of an exploration target

sqm didn't wait for an mre to be done before moving on azure minerals. the only difference here is there's no han**** equivalent for sqm to partner with.

tdt

TDT that’s a great post I’ve been thinking about this myself , and trying to find a similar read across , we’ve got 143 holes drilled , 16500m across them , and some historic data which I’ve not had eyes on.

So I’m asking myself three things here;

1. is this enough for a MRE

2. If it is how long will a MRE take (this isn’t a massive site or massive program of drilling at the moment) 6-9 months ?

3. If it isn’t enough , when will we get a RNS about more funding from SQM .

To be honest part 3 is the real big one , if SQM drop the next 40M we will know we’ve got a real asset on our hands with a value more than the current MC.

A maiden resource estimate for Lithium Ridge is the likeliest mover for Andrada's share price in the near term. The timing for that:- bull case 2026/2027, base case 2027, bear case 2027/2028.

The amount of drilling done during the recent campaign at Lithium Ridge was relatively modest, about 15% of the amount done at, for example, Andover. That, however, is only this recent drill campaign.

I strongly suspect SQM already has access to substantially more historical data than we know about. The fact that SQM agreed to spend up to US$40 million, expanded the first drill campaign, and entered directly at the project level rather than taking a small equity stake, suggests they likely reviewed a large historical geological archive before signing the earn-in. The former TinTan mine and Nai-Nais pegmatite belt have been known for decades, and major miners typically digitise and reinterpret these legacy datasets before committing capital.

It would speed up the publication of a maiden resource estimate if SQM were to reconstruct the historical TinTan/Nai-Nais database from archived Geological Survey reports and mine records. That could potentially reveal pegmatite dimensions, historical drilling density, and mined tonnages.

The fact that SQM expanded the program from 14,000 m to 16,500 m and Andrada continues to describe results as confirming scale and continuity suggests the companies are increasingly focused on defining the size of the system rather than simply proving lithium is present. Historical record will assist that process.

The bull case for the publication of a maiden resource estimate is in play IMO.

TDT

Thanks for posting SQM's 'programme' of interests both current and prospective, TD2 - very informative...

We're all hoping on here, of course, that their current involvement with LR will go beyond the joint venture at some point to galvanise Andrada's sp at long last, given AV's perceived management weaknesses in over promising / under delivering, these past few years - sasa.

Based on SQMi’s current disclosures and recent announcements, the international portfolio can be grouped as follows:

1. Namibia – Lithium Ridge Project

Status: Active exploration / earn-in agreement

This is currently SQM’s most advanced non-Australian growth project.

Partner: Andrada Mining

Location:

* Erongo Region

Characteristics:

* Hard-rock pegmatite lithium

* Drilling commenced in 2025

* SQMi describes it as a key component of its global exploration pipeline

* Earn-in structure rather than outright ownership.

Potential significance.

Of SQM’s projects outside Australia, this is probably the one most likely to become a future development asset.

2. Canada – Multiple Exploration Ventures

Status: Early-stage exploration

SQMi maintains a dedicated exploration office in: Toronto

The company identifies Canada as one of its active exploration jurisdictions and has been acquiring and evaluating lithium opportunities there. However, unlike Namibia and Australia, SQM has not publicly disclosed a flagship Canadian project comparable to Andover or Reynolds Range.

Potential significance: Medium.

3. Sweden – Lithium Exploration Interests

Status: Exploration / strategic exposure

Industry sources and SQMi references indicate that Sweden forms part of SQMi’s international exploration portfolio.

Characteristics:

* European battery supply-chain focus

* Hard-rock lithium potential

* Early-stage exploration rather than defined resources.

Potential significance: Low-to-medium.

4. Additional Namibia Exploration Ground

Status: Early-stage exploration

The SQMi exploration map shows Namibia as an active jurisdiction beyond the specific Lithium Ridge earn-in.

Potential targets:

* Pegmatite-hosted lithium systems

* Regional exploration opportunities associated with the broader Damara Belt.

Potential significance: Currently speculative.

Projects Ranked by Current Strategic Importance:-

Rank Project Country Stage

1 Mt Holland Australia Operating

2 Andover Australia Advanced development

3 Lithium Ridge Namibia Active drilling

4 Reynolds Range Australia Earn-in exploration

5 Lithium portfolio Canada Early exploration

6 Lithium interests Sweden Early exploration

7 Namibian prospects Namibia Grassroots

TDT

Right now ATM almost can't fail at this tin price - I know that sounds incredibly rampy but it's true technically, albeit we can't expect tin to average such a price medium term. So from the tin perspective it's all about increasing scale and bringing down costs so that ATM are generating even more cash at similar margins if (when, realistically) the tin price settles at a lower price.

Tin staying so high for so long has bought considerably more time than Andrada would have had otherwise but now we really do need to see much greater production levels by the back end of 2026... and ideally incremental improvements along the way too.

Yes 6 months into the year now and tin is very much holding its own and we are making serious cash . Be interesting if we do a new hedge .

Well hopefully we get something that enlightens us in the op update , which will surely be this week or next.

... tin at $55k - I think the fears some were sharing on here a few months ago about failing to generate cash are long gone now.

Chesh!

Come on! You need to put your back into it!

Chesh!

Ramptastic! If anyone can get it back into the 4s it’s you!

Afternoon Peeps....

certainly looks like the Seller is finished eh.......! :)

All the best (back up to the 4's then.......! :)

Check the BID out on RSP in ATM

Cheers Richie,y

Welcome back copper

I’ve just took the last lot at 3.69p with 250k can’t believe I’ve added more AGAIN !!

Back at peace lol😉

@Copper1 - As The Eagles famously said - "You can check out any time you like, but you can never leave"

You got back in copper ? You were away only a week

Was that you Copper1?

TDT

I wonder who's bought/sold that chunk? Trades that are right on the mid price are difficult to call.

TDT