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Uis Mine
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ASX-listed Askari Metals has reported Phase I trenching assay results from the K9 pegmatite target at its Uis project, in Namibia, confirming extensive mineralisation across tin, lithium, tantalum, rubidium and caesium over a 950 m strike. The company's licence sits immediately south-west of Andrada Mining's Uis mine, which hosts a mineral resource estimate of 77.51-million tonnes at 0.79% lithium oxide, 0.15% tin and 82 ppm tantalum, and Askari plans reverse circulation and diamond drilling in the second half of this year to test the scale and continuity of the K9 system.
Andrada secures funding for Uis expansion and completes Lithium Ridge drillingAndrada Mining has secured conditional ten-year loan facilities totalling N$98-million from Bank Windhoek and the Development Bank of Namibia for its Uis Tin Mining Company subsidiary, complementing an $11-million equity raise completed in April to support ore sorter integration, additional crushing capacity and accelerated stripping at the Uis mine. The company has also completed an expanded 16 500 m diamond drilling programme at its Lithium Ridge project in partnership with SQM, with assay results from 22 holes confirming consistent high-grade lithium of up to 3.02% lithium oxide over 5 m.
European Investment Bank backs Uis lithium feasibility studyAndrada's Uis Tin Mining Company has entered into a cooperation agreement with the European Investment Bank to accelerate the feasibility study for the Uis lithium expansion project, with EU-funded technical and project development assistance valued at up to €2-million intended to advance the project to bankable feasibility level. The project targets production of 50 000 t/y of petalite concentrate by reprocessing waste material from the existing tin and tantalum concentrator for lithium enrichment.
Uis Mine Updates
ASX-listed Askari Metals has reported “outstanding” Phase I trenching assay results from the K9 pegmatite target at its 100%-owned Uis project, in Namibia, further underscoring the project’s...
Aim-listed Andrada Mining has secured conditional strategic funding of N$98-million, or about £4.4-million, through ten-year loan facilities from Namibian-owned institutions Bank Windhoek and the...
Namibia-focused Andrada Mining has successfully completed a private placement with strategic investors, raising $11-million (£8.1-million) before expenses through the placing of 226.34-million...
The project is advancing towards a bankable feasibility study,
Tin producer Andrada Mining achieved a record operational performance and positive free cash flows at its Uis mine, in Namibia, for the quarter ended February 28, providing a solid foundation for...
Uis Tin Mining has extended its offtake agreement with Thaisarco, granting the smelter exclusive rights to all tin concentrate produced at Uis for the term of the agreement.
The wholly owned Namibia subsidiary of London Aim-listed Andrada Mining, Uis Tin Mining, has added to its offtake agreement with integrated tin producer Thailand Smelting & Refining (Thaisarco)....
Uis Tin Mining Company has entered into a cooperation agreement with the European Investment Bank to accelerate the feasibility study.
Aim-listed Andrada Mining has announced that its wholly owned operating subsidiary, Uis Tin Mining Company (UTMC), has entered into a cooperation agreement with the European Investment Bank (EIB)...
Aim-listed Andrada Mining has reported that its Uis mine, in Namibia, continued to deliver operational improvements during the third quarter ended November 30, benefitting from higher throughput,...
Aim- and OTCQB-listed Andrada Mining has reported improved operational and financial performance for the six months ended August 31, with higher production, increased revenue and a reduced...
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