Andrada Mining Share News (ATM)

(Sharecast News) - Andrada Mining announced the completed construction of a second processing plant at its Uis mine in Namibia on Thursday, a development it said would significantly boost tin production capacity once commissioning begins later this month.

The AIM-traded firm said the new facility, known as the Jig Plant, was completed on time and within budget, with commissioning scheduled for the final week of August.

It said the plant had a nameplate capacity of 80 to 100 tonnes per hour, with potential throughput of up to 40,000 tonnes of ore per month at an expected recovery rate of 70%.

Initial feedstock would come from nearby pegmatites and existing stockpiles, supplemented by a supply agreement with Goantagab Mining for up to 20,000 tonnes of ore grading 1.5% tin.

"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," said chief executive Anthony Viljoen.

"The plant is a key milestone towards doubling production and positions Andrada well to capture the benefits of a robust and strengthening tin market."

Andrada said the modular design of the Jig Plant allowed it to operate independently of the existing processing facility, ensuring uninterrupted production while providing scope for future expansion.

At 1000 BST, shares in Andrada Mining were up 3.9% at 3.01p.

Reporting by Josh White for Sharecast.com.