Uis Phase 1 Expansion: Construction Completed

AfriTin Mining Limited (AIM: ATM), an African technology-metals mining company with a portfolio of mining and exploration assets in Namibia, announces a project update on the expansion of the processing plant at the Company’s flagship polymetallic asset, the Uis Mine (“Uis”).

Highlights:

• Construction for the Phase 1 Expansion completed;
• Commissioning scheduled to be complete by the end of September 2022;
• Production to increase by 67% (up to 1,200 tonnes of tin concentrate per annum);
• Lithium and tantalum by-product pilot facilities progress to detailed engineering phase; and
• REMINDER: Webinar: Unlocking AfriTin’s Lithium Opportunity – 18 August 2022 10:00am BST.

Anthony Viljoen (CEO) commented:
“The AfriTin team has demonstrated remarkable resilience in completing the construction milestone for the Uis Phase 1 Expansion Project despite challenging market conditions and a difficult construction environment. We are extremely pleased with the progress and look forward to completing the production ramp-up.

We aim to achieve a significant increase in revenue and reduction in unit cost through this expansion. In addition, the expanded operation will provide an excellent platform for implementing our lithium and tantalum by-product strategies. Through our aggressive development programme, we plan to demonstrate the superior quality and scale of the Uis polymetallic deposit.”

News in full

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