IN BRIEF: Andrada Mining hails 'milestone' at Lithium Ridge asset

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Andrada Mining Ltd - tin and tantalum producer in Namibia - Begins exploration drilling at the Lithium Ridge project, in partnership with SQM Australia (Pty) Ltd. It reports that 14,000 metres of diamond drilling work is underway. ‘This milestone represents part of the stage 1 workplan of the three stage earn-in agreement with SQM. Under this first stage, SQM will fund up to $7 million in exploration to secure an initial 30% interest at project level with the potential to fund up to $40 million over the three stages,’ Andrada adds.

Current stock price: 3.68 pence, down 1.9% on Wednesday in London

12-month change: up 9.9%

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