Platreef metals basket price exceeds $2 000 per ounce
Andrada secures $11 million to accelerate growth AIM-listed Andrada Mining, a tin producer with a portfolio of critical minerals mining and exploration assets in Namibia, has successfully completed a private placement the company to scale up operations and advance various growth initiatives, whilst deriving maximum benefit from the high commodity price environment. Importantly, this fundraise completes the current equity financial requirements for the Group. This funding, along with current
with strategic investors. The company has raised $11 million (£8.1 million) before expenses through a placing of 226 337 448 shares in the company at a price of 3.6 pence per share. Anthony Viljoen, Chief Executive Officer, commented: “The completion of this placement with some key strategic investors, comes at a pivotal juncture for Andrada. The funding allows
tin prices and production provides the pathway for the company to complete its expansion programme at Uis, with the exploration programmes at Lithium Ridge and Brandberg West already funded by strategic partners SQM and BWCAM.” n
TSX-listed Ivanhoe Mines Executive Co-Chair Robert Friedland and Chief Executive Officer, Marna Cloete, have announced that a project ceremony was held at the Platreef Mine, in Limpopo Province, South Africa, marking the achievement of three major development milestones. The milestones include the completion of construction of the 4-million-tonne-per-annum (Mtpa) Shaft #3; the breaking of ground for the Phase 2 concentrator site; and the commencement of widening of Shaft #2. The project milestones are a major advancement for the Phase 2 expansion and the future Phase 3 expansion. The on-site ceremony was attended by Ivanhoe Mines’ CEO Marna Cloete, senior management from Ivanhoe Mines and Ivanplats, as well as representatives from Ivanplats’ shareholders Japan Organisation for Metals and Energy Security (JOGMEC), ITOCHU Corporation and the broad-based black equity empowerment (B-BBEE) group. Ivanhoe Mines Founder and Co-Chairman Robert Friedland commented: “We are ramping up the mine at a time when metal prices are rising. Scarcity is real and the demand is relentless. Platinum, palladium, rhodium, copper and nickel are identified by countries all around the globe as critical minerals and therefore strategic to agenda of many of the world’s developed and developing economies.” n
Andrada Mining has raised $11 million to accelerate growth.
Metallurgical breakthrough positions chrome as revenue driver
the high-grade nature of the Bengwenyama UG2 Mineral Resource but also suggest that chromite concentrate recoveries of more than double initial estimates are achievable. “Metallurgical test work has once again confirmed the grade and robust nature of the UG2 Mineral Resource, but the doubling of chrome recoveries is potentially company-changing; it elevates chrome from a by-product to a parallel output,” said Southern Palladium CEO Johan Odendaal. On a 3E basis, the metallurgical sample indicates an average combined platinum, palladium and gold grade of 7.35 g/t and a prill split of 49.9% platinum, 48.6% palladium and 1.5% gold with a Cr₂O₃ grade of 29.71%. n
Results from metallurgical test work at the Bengwenyama Platinum Group Metals (PGM) project in South Africa’s Limpopo Province indicate that up to a fifth of Southern Palladium’s future revenues could come from chrome. Southern Palladium continues to make strong progress at Bengwenyama, advancing Definitive Feasibility Study (DFS) workstreams and early mine development planning at the Bengwenyama PGM project. Located on the Eastern Limb of South Africa’s Bushveld Complex, the Bengwenyama PGM project is one of the world’s largest remaining undeveloped PGM resources. Southern Palladium reported that the results from its latest metallurgical test work not only confirm
Up to a fifth of Southern Palladium’s future revenues could come from chrome.
JUNE 2026 | www.modernminingmagazine.co.za MODERN MINING 5
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