AfriTin Mining: By-Product Development and Exploration Drilling Programme
By-Product Development and Exploration Drilling Programme
AfriTin Mining Limited (AIM: ATM), an African tin mining company with its flagship asset, the Uis Tin Mine (“Uis”) in Namibia, is pleased to provide an update on its lithium and tantalum by-product development programme and announce a focused geological exploration drilling programme.
Highlights:
- Preliminary results from lithium beneficiation test work indicate substantial upgrade potential;
- Tantalum by-product development progressing to pilot processing design phase; an
- Initiation of an 8,000 metre lithium and tantalum exploration drilling programme over the next 12 months.
Link to Figures: https://bit.ly/3kPWibM
Anthony Viljoen (CEO) commented:
“AfriTin has displayed its ability to bring mineral deposits into production by declaring an ore reserve for tin and bringing the Phase 1 pilot plant into operational profitability at our flagship Uis Mine. The metallurgical test work and exploration programmes being announced today have been designed to increase the confidence levels of lithium and tantalum by-product potential and move towards the realisation of additional revenue streams. We are excited about the opportunity to diversify and consolidate our tech-metal exposure.”
As communicated in the announcement dated 16 September 2019, the Company announced a JORC (2012)-compliant measured, indicated and inferred Mineral Resource Estimate (MRE) at Uis totalling 71.54 million tonnes of ore containing 95,539 tonnes of tin (Sn) metal at a grade of 0.134% Sn.
In the interview below, Anthony Viljoen provides an overview of the business and gives a snapshot of the tin market
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