Andrada Mining delivers sustained production growth AIM-listed Andrada Mining, an emerging African miner with assets in Namibia, announced its interim financial results for the six-months ended 31 August 2025 (H1 FY2026). The results reflect the benefits Highlights • Ore processed: increased by 10% Year- on-Year (YoY) to 527 583 tonnes (H1 FY2025: 481 504 tonnes).
projected to enter DFS phase during 2026. • Uis Mine exploration upside: multiple notable drilling results for targets proximal to the current mining pit with high-grade intersections of up to 1.13% tin and 1.76% lithium oxide. • Lithium Ridge: lithium exploration programme commenced at Lithium Ridge for potential mineral resource development, in partnership with SQM Australia. n
• Tin concentrate: increased 14% YoY to 858 tonnes (H1 FY2025: 752 tonnes). • Tantalum concentrate: increased by 12% to 27 tonnes (H1 FY2025: 24 tonnes). • Revenue: increased by 12% to £12.2 million (H1 FY2025: £10.8 million). Projects & Partnerships: primed for
of sustained capital investments and processing improvements across the company’s asset base. “Following a period of engineering investment and corporate restructuring, we are now transitioning from capacity build-up into a scaling phase. Our growth potential far surpasses our current operational footprint. The results for the period demonstrate meaningful improvements in cost performance, cash discipline, and operating leverage, which collectively support the delivery of our growth strategy. The combination of developmental and operational assets featuring a suite of critical minerals including tin, tantalum, lithium, tungsten and copper, located in an investment-friendly jurisdiction, position the group as a strategic source of future supply,” said Anthony Viljoen, CEO.
rapid expansion • Growth platform: engineering investment over last 12 months provides a foundation for accelerated growth. • Uis Mine Ore Sorter
project: reengineered the pre-concentration circuit for tin and tantalum ready for final construction phase.
• Uis Mine lithium
expansion project:
Rainbow Rare Earths pilot plant commences operations Rainbow Rare Earths has successfully built, commissioned and commenced pilot scale operations as the final phase of process test work for the Phalaborwa project in South Africa. The project will be the first commercial recovery of REE from phosphogypsum, a waste product from phosphoric acid production, which means that many of the costs, risks and long timescales associated with traditional will allow Rainbow to finalise the product specifications for the planned separated NdPr oxide and SEG+ products, which is an important component of concluding offtake agreements for these in-demand products. This final pilot campaign will continue through H1 2026 whilst the work to finalise
for the REE market remains strong going into 2026, with pricing for the light REE NdPr having effectively doubled since the lows of 2025 to over US$100 /kg, following the major price rises we have seen already for the medium and heavy REE that are subject to Chinese export controls. Phalaborwa is a unique project in that it will produce the full range of economically and strategically important REE, which is why it has been backed by the US International Development Finance Corporation as a key contributor to supply chain resilience.” n
the DFS runs concurrently to enable the study to be completed this year, as planned. George Bennett, CEO, commented: “This new piloting operation is the final phase of process test work for Phalaborwa, as it will demonstrate the project flowsheet that has been considerably updated over the past 18 months via several key optimisations. These efficiencies further reinforce the project’s position at the bottom of the industry cost curve to deliver high-purity (>99.5%) separated NdPr oxide and SEG+ products. The pilot operations are important to the finalisation of the DFS this year and ensure the long-term success of the Phalaborwa project. The outlook
mining projects are eliminated. The large-scale pilot operation will run the optimised primary flowsheet with a leach process producing sufficient volumes of PLS to allow for optimisation of the CIX and impurity removal processes, as well as delivering the bulk feed sample for off-site SX test work. It will also provide the data that underpins the DFS, including process flowsheet development, mass balance, equipment sizing and capital and operating costs, and will be used as the basis for third-party validation for project finance. The pilot plant will deliver the bulk feed sample for off-site SX test work. This
First production of mixed rare earth sulphate.
February 2026 | www.modernminingmagazine.co.za MODERN MINING 9
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