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AfriTin makes progress at flagship Uis Tin Mine
18th Feb 2020 15:48
(Sharecast News) - Namibia and South Africa-focussed tin company AfriTin Mining updated the market on operations on its phase 1 pilot plant project at its flagship asset, the Uis Tin Mine in Namibia, on Tuesday/
The AIM-traded firm said the maiden sale of tin concentrate had now concluded, with the second shipment of tin concentrate dispatched from the mine.
It said the processing plant throughput increased by an average of 63% month-on-month from November to January.
Debottlenecking of and enhancements to the processing plant were underway, the board said, to increase throughput and achieve nameplate production of 60 tonnes of tin concentrate per month.
The board also confirmed the appointment of Nico Smit as vice-president of operations and projects.
"The first shipment of tin concentrate and first revenues from the Uis Tin Mine in three decades marks a significant milestone for the company and the Erongo region of Namibia," said chief executive officer Anthony Viljoen.
"We will continue to deliver this operation as we ramp up production to nameplate of 60 tonnes of tin concentrate per month.
"Combined with a JORC-compliant mineral resource estimate of 95,539 tonnes of contained Sn, we are well placed to advance the project to the goal of establishing an enlarged mining and processing facility."
At 1504 GMT, shares in AfriTin Mining were down 1.62% at 2.73p.
The AIM-traded firm said the maiden sale of tin concentrate had now concluded, with the second shipment of tin concentrate dispatched from the mine.
It said the processing plant throughput increased by an average of 63% month-on-month from November to January.
Debottlenecking of and enhancements to the processing plant were underway, the board said, to increase throughput and achieve nameplate production of 60 tonnes of tin concentrate per month.
The board also confirmed the appointment of Nico Smit as vice-president of operations and projects.
"The first shipment of tin concentrate and first revenues from the Uis Tin Mine in three decades marks a significant milestone for the company and the Erongo region of Namibia," said chief executive officer Anthony Viljoen.
"We will continue to deliver this operation as we ramp up production to nameplate of 60 tonnes of tin concentrate per month.
"Combined with a JORC-compliant mineral resource estimate of 95,539 tonnes of contained Sn, we are well placed to advance the project to the goal of establishing an enlarged mining and processing facility."
At 1504 GMT, shares in AfriTin Mining were down 1.62% at 2.73p.