AfriTin Mining Five Year Growth Strategy

AfriTin Mining Limited (AIM: ATM), an African tech-metals mining company with a portfolio of mining and exploration assets in Namibia, is pleased to announce the release of its five-year growth strategy. The Company aims to enlarge its footprint in Namibia by expanding existing operations and adding mining locations both in country and across Africa. In addition, revenue streams for multiple technology metals concentrates will be developed, expanding the current tin production to include lithium, tantalum and tungsten.

Link to full pdf version with images: https://afritinmining.com/afritin-mining-five-year-growth-strategy/

Highlights:

• Uis Mine (Mining Licence ML 134):
  • Current mining operation at Uis Mine is producing 850 tpa of tin concentrate;
  • Continued expansion of current operation aims to increase tin concentrate production up to 2,800 tpa; in addition, lithium concentrate production of 60,000 tpa and tantalum concentrate production of 45 tpa will commence;
  • Phase 2 feasibility studies for larger-scale 10 Mtpa ROM operation underway;
  • Exploration drilling campaign in progress, with the aim of expanding the existing JORC (2012) tin mineral resource from 71.54 Mt to a figure of 200 Mt of resource containing tin, lithium and tantalum;
• B1/C1 (Mining Licence ML 129): 15km from Uis
  • Exploration programme in progress to confirm historical tin and tantalum resource, and investigate recent spodumene (lithium) discovery (announced 2 March 2022); and
• Brandberg West (Exploration Licence EPL 5445): 107km from Uis
  • Aggressive exploration programme underway at the site of the historic tin and tungsten mining operation, aiming to confirm the historical drilling database with a view to fast-tracking production.

Anthony Viljoen (CEO) commented:

“I am pleased to publish our ambitions and pathway to becoming a multi-tech metal producer over the next five years. AfriTin has proven it is already part of a small and unique group of global tin producers. What enhances our ambitions and the achievable future strategy is the underexplored lithium potential combined with multiple historic open pit tin mines close to our Uis mine. We look forward to bringing these exciting deposits into production and leveraging the knowledge gained from successfully building a new mine at Uis.”

News in full

In the interview below, Anthony Viljoen provides an overview of the business and gives a snapshot of the tin market