AfriTin Mining Ltd First Blast at Uis Tin Mine and Site Visit (5594J)
December 06 2018 - 1:00AM
UK Regulatory
TIDMATM
RNS Number : 5594J
AfriTin Mining Ltd
06 December 2018
6 December 2018
AfriTin Mining Limited
("AfriTin" or the "Company")
First Blast at Uis Tin Mine and Site Visit
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
("Uis Mine"), is pleased to announce the large-scale blast and
first ore at the Uis mine as part of the Phase 1 pilot
production.
Highlights
-- Large scale blast and first ore at the Uis Tin mine, Namibia;
-- Commencement of ore preparation and stockpiling in
anticipation of the completion of the Phase 1 pilot plant;
-- Running the first campaign through the comminution circuit and crushing of ore; and,
-- Site establishment ceremony, hosting the Honourable Tom
Alweendo, Minister of Mines and Energy as well as investors and
analysts.
Following the start of the civil construction works in June
2018, the Company has been preparing and rehabilitating the Uis
Mine site for the commencement of Phase 1 Pilot plant commissioning
and production of tin concentrate.
The Company is pleased to announce the first large scale blast
of ore and commencement of ore preparation and stockpiling in
anticipation of the completion of the Phase 1 processing pilot
plant. Activities include, running the first ore through the
front-end comminution and crushing circuit. In tandem with
production activities, ongoing drilling to make the historic
resource JORC compliant, continues on schedule.
Uis is formerly the world's largest hard-rock tin mine.
AfriTin's Phase 1 pilot processing plant is designed to process
approximately 500,000 tonnes per annum producing approximately 60
tonnes of tin concentrate per month as part of Phase 1. Phase 2
will comprise a planned operation of a 3 million tonne per annum
processing facility, producing approximately 5,000 tonnes per annum
of tin concentrate.
Site visit ceremony
To mark the first blast at the Uis Tine Mine, AfriTin was
pleased to host a ceremony at site with the Honourable Tom
Alweendo, Minister of Mines and Energy as well as other Government
officials, investors and analysts.
An operational video, presenting the first blast of ore at Uis,
will be available on the AfriTin website in the coming days.
The Honourable Tom Alweendo, Minister of Mines and Energy said,
"The Uis Tin Mine operated for over four decades and put Namibia on
the global stage for tin production and created significant
economic benefits to the Kunana region. It gives me great pleasure
to see the work that AfriTin has undertaken and this momentous
occasion of seeing tin production returning to Uis. We look forward
to future increase to full production."
Commenting on the developments CEO Anthony Viljoen stated, "We
are pleased to announce the first blasting of ore at our flagship
Uis Mine.
This marks the first blasting of ore since the mine closed down
in 1991. We are very excited to start stockpiling ore and begin the
production activities of Phase 1 in anticipation of the Pilot
Processing Plant being completed. Our vision of bringing this
iconic mine back into production and generating revenues has taken
a big step forward today.
My thanks to the significant support shown by the Minister of
Mines and Energy and his team, our local partners and communities
which have provided the framework and planning to get us here. We
look forward to providing further updates as commissioning
progresses."
The information contained within this announcement is deemed by
the Company to constitute inside information under the Market Abuse
Regulation (EU) No. 596/2014.
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
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 5,000 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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