**Andrada Mining Limited Q2 FY2026 Operational Update Summary**
Andrada Mining Limited reported strong operational performance for the quarter ended 31 August 2025, highlighting record quarterly tin production and strategic progress in its critical minerals portfolio.
**Key Highlights**
1. **Tin Production Growth**
Tin concentrate production increased 17% year-on-year (YoY) to 453 tonnes, with contained tin up 14% to 273 tonnes.
Tin recovery rate improved to 73%, supported by higher plant utilisation (96%) and operational efficiency gains.
Realised average tin price rose 4% YoY to USD 33,308 per tonne, benefiting from strong global market fundamentals.
2. **Tantalum Performance**
Six-month tantalum concentrate production hit a record 27 tonnes, with 10 tonnes shipped during the quarter.
3. **Jig Plant Commissioning**
The Jig Plant was completed on time and on budget, with commissioning starting in late August 2025. It is expected to boost recoveries, output, and reduce unit costs.
4. **Lithium Ridge Progress**
Stage 1 exploration drilling with SQM Australia is advancing well, enhancing Andrada’s diversification into lithium, a key battery metal.
5. **Financial Performance**
Unit costs increased modestly but remained within target ranges. Cost-reduction initiatives are underway to strengthen margins.
6. **Outlook**
Andrada is well-positioned for continued growth, driven by production acceleration, strong tin market fundamentals, operational excellence, and its lithium diversification strategy.
**CEO Commentary**
Anthony Viljoen emphasized Andrada’s emergence as a leading tin producer, highlighting the resilience of its operations and the strategic importance of the Jig Plant and Lithium Ridge projects in driving long-term value creation.
**Conclusion**
Andrada Mining demonstrated robust operational and strategic progress in Q2 FY2026, reinforcing its position in the critical minerals sector and setting the stage for sustained growth and diversification.