AfriTin Mining Ltd Operational Update (1126F)
October 25 2018 - 1:00AM
UK Regulatory
TIDMATM
RNS Number : 1126F
AfriTin Mining Ltd
25 October 2018
AfriTin Mining Limited
("AfriTin" or the "Company")
Operational Update
Commencement of Processing Plant Steel Construction &
Equipment Installation
AfriTin Mining Limited (AIM: ATM), a mining company with a
portfolio of near production tin assets in Namibia and South
Africa, with the flagship asset being the Uis Tin Mine in Namibia,
is pleased to provide an update on its operations at the Uis
mine.
Highlights
-- Completion of the civil earthworks and platforms;
-- Commencement of the steel framework construction and
equipment installation of the Phase 1 processing plant; and
-- Preparation of the first run-of-mine feed to the plant.
Following the start of the civil construction works in June
2018, the main earthworks and civil platforms have been completed,
enabling the company to progress the steel construction and
installation of the processing equipment. The Directors expect that
the Phase 1 pilot processing plant will process approximately
500,000 tonnes per annum producing around 60 tonnes of tin
concentrate per month. The plant will consist of a 4-stage crushing
plant and concentrator, employing dense media separation and
gravity concentration circuits.
The mining operation has been designed to provide run-of-mine
feed to the plant based on the historical reserve statement
prepared by SRK Consulting for ISCOR in 1989. The Company expects
to employ contract mining services for drilling, blasting, loading
and hauling of mining material.
The Directors expect that the Phase 1 plant, in conjunction with
further testing, will provide the Company a seamless transition to
a bankable feasibility study for Phase 2. This will comprise a
planned operation of a 3 million tonne per annum processing
facility, producing approximately 5,500 tonnes per annum of tin
concentrate.
An operational video, presenting updates on the progression at
Uis, can be found at https://youtu.be/ngR6-IiemnU
Commenting on the developments CEO Anthony Viljoen stated,
"We are pleased to present further progress at Uis and are now a
step closer to producing first tin. The Company remains well
positioned to take advantage of the exciting opportunities emerging
in the tin market.
We look forward to announcing further updates on our development
milestones as we advance the Uis Tin Project towards production and
ultimately a large-scale tin producer."
For further information, please visit www.afritinmining.com or
contact:
AfriTin Limited
Anthony Viljoen, CEO +27 (11) 268 6555
Nominated Adviser and Joint Broker
WH Ireland Limited
Katy Mitchell
James Sinclair-Ford +44 (0) 207 220 1666
Joint Broker
NOVUM Securities Limited
Jon Belliss +44 (0)20 7399 9400
Financial PR (United Kingdom)
Tavistock +44 (0) 207 920 3150
Jos Simson
Barney Hayward
The information contained within this announcement is deemed by
the Company to constitute inside information under the Market Abuse
Regulation (EU) No. 596/2014
About AfriTin Mining Limited
Notes to Editors
AfriTin Mining is the first pure tin company listed in London
and its vision is to create a portfolio of world-class,
conflict-free, tin producing assets. The Company's flagship asset
is the Uis brownfield tin mine in Namibia, formerly the world's
largest hard-rock tin mine.
AfriTin is managed by an experienced board of directors and
management team with a current two-fold strategy: fast track Uis
brownfield tin mine in Namibia to commercial production in 2018
ramping up to 5,500 tonnes of concentrate, and consolidation of
other quality African tin assets. The Company strives to capitalise
on the solid supply/demand fundamentals of tin by developing a
critical mass of tin resource inventory, achieving production in
the near term and further scaling production by consolidating tin
assets in Africa.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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