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Andrada has signed a six-month secured loan agreement with LCA for USD 2.5 million, which the company will use to buy a 100-ton-per-hour tin concentrate production facility. With its three-stage primary crushing and screening circuit, jigging section, and shaking tables, the plant will be able to treat a variety of tin ore grades. The Plant’s output is expected to be identical to the tin concentrate generated by the current processing facility.
This expansion aims to increase output without disrupting current operations, allowing Andrada to explore additional high-grade tin resources in the Erongo region.
Management has concluded that this shareholder loan is the most effective finance source to expedite the tin expansion strategy. The loan guarantees speed and adaptability to hasten the Plant’s construction. By extracting value from stockpiles obtained from the proximal pegmatites at Uis and higher-grade ore from regional mines, the company is able to dramatically increase tin production. Despite having spoken with several miners in the Erongo region regarding possible supply of tin ore, there is no guarantee that they will lead to solid supply contracts.
For CEO Anthony Viljoen, this investment signals confidence in Namibia’s rich tin deposits and Andrada’s strategic role in global supply chains.
“We anticipate a surge in tin demand over the coming year. With Andrada’s strong foothold in the industry, this expansion gives us a competitive edge,” said Viljoen.
With its modular architecture, the new processing plant will operate separately from the main building, guaranteeing smooth production expansion. Along with continuing its efforts to increase the production of tantalum and lithium, this arrangement enables Andrada to evaluate and access additional mining regions.
Andrada hopes to boost cash flow and enhance profit margins by combining tin expansion with the polymetallic potential of its ore body, reaffirming its dedication to scalable and sustainable growth.
This latest investment underscores growing confidence in Andrada’s long-term strategy, positioning Namibia as a key player in the evolving global tin market.
