Andrada Mining Limited (ATM): Brandberg West earn-in partnership
This situation live
ATM Andrada Mining Limited
21 Jan 2026 · Agreed; initial investment conditions pending · −1% until the next step
Completion is conditional on the satisfaction of two key conditions being the adoption of a new constitution by AIML and the appointment of required officers to the AIML board, both of which are antic
4 Feb 2026 · Initial conditions met; funds imminent; competition approval pending · −19% until the next step
The outstanding subsequent condition is the attainment of the Namibian Competition Commission.
26 Mar 2026 · First USD10m received; workplan under way · +21% until the next step
The initial USD10 million (£7.3 million) investment from BWCAM was received during the Quarter to initiate investigations on tailings recovery potential, feasibility study preparation and pit optimisa
29 Jun 2026 · Workplan under way; ore sorting results positive · +69% since
The test work confirmed over 90% mass reduction for tin and tungsten processing, which implies lower future transportation and milling costs during production.
Brandberg West earn-in partnership
Workplan under way; ore sorting results positive
Next: Drilling and metallurgical programme; remaining phased funding
Every step · 4
- 21 Jan 2026 Agreed; initial investment conditions pending – Completion is conditional on the satisfaction of two key conditions being the adoption of a new constitution by AIML and the appointment of required... ↗
- 4 Feb 2026 Initial conditions met; funds imminent; competition approval pending – The outstanding subsequent condition is the attainment of the Namibian Competition Commission. ↗
- 26 Mar 2026 First USD10m received; workplan under way – The initial USD10 million (£7.3 million) investment from BWCAM was received during the Quarter to initiate investigations on tailings recovery potential,... ↗
- 29 Jun 2026 Workplan under way; ore sorting results positive – The test work confirmed over 90% mass reduction for tin and tungsten processing, which implies lower future transportation and milling costs during production. ↗
What is happening
Andrada Mining Limited: Brandberg West earn-in partnership – Workplan under way; ore sorting results positive. ['Workplan under way; ore sorting results positive']
- In short
- ACAM LP, through BWCAM, is funding a USD51m phased investment in Brandberg West; the first USD10m was received earlier in 2026. The 29 June 2026 update reports initial XRT ore sorting test work (released 13 April 2026) showing over 90% mass reduction with tin and tungsten recoveries above 80% in multiple instances. An extensive drilling and metallurgical programme has started. The company calls this a potential low-capex route to production.
- Announced
- 21 Jan 2026 · Agreed; initial investment conditions pending
- Latest
- 29 Jun 2026 · Workplan under way; ore sorting results positive
- Size
- USD51 million phased investment by ACAM LP via BWCAM
- Received
- First USD10 million (£7.3 million) received in the Quarter
- Initial work
- Tailings recovery, feasibility study preparation, pit optimisation
- Conditions
- Conditions precedent completed
- Next milestone
- Remaining phased funding; no date stated
- Ore sorting
- Over 90% mass reduction; recoveries above 80% in multiple instances; test work on historical grab samples
- Grade uplift
- Up to 7x tin, 6x tungsten and 4x copper (company highlights)
- Work started
- Extensive drilling and metallurgical programme commenced in the Quarter
What comes next
Drilling and metallurgical programme; remaining phased funding.
From the company's own announcements. Not investment advice.
Briefing Pro
New to Andrada Mining Limited? Get up to speed in 2 minutes.
What it does, how it got here, what management promised and delivered – written from its own announcements.
Get the ATM briefing →Also at Andrada Mining Limited 1 open
Project milestonesLithium Ridge exploration with SQM – Drilling complete; fifth batch of assays reported
Andrada Mining Limited – company page →