AfriTin Mining Limited (LON:ATM) is developing the Uis tin project in north-west Namibia
Phase 1 will see process 500,000 tonnes of ore per annum processed
This will produce 60 tonnes of tin concentrate per month.
Phase 2 will see capacity rise to 3mln tonnes per annum, producing the 5,000 tonnes of tin concentrate
What it owns
Uis is a formerly producing mine that was shut-down more than 20 years ago when the tin price hit a nadir.
AfriTin is now looking for Uis to restart its output.
According to a historic resource estimate prepared by SRK, Uis contains more than 70mln tonnes of ore containing 95,000 tonnes of tin.
The mine plan worked out by SRK says that that’s enough to allow for production through to 2063, although initially, AfriTin has much more modest goals.
In February, AfriTin added it had discovered significant grades of lithium, in addition to tin, in pegmatites in the ML 133 License, located in the Nainais area of Nambia.
ML 133 is outside of the current development area at the Uis tin mine.
In May, AfriTin also signed an agreement with Namibia Power over grid electricity for the pilot plant at the Uis tin mine.
An 800-metre power line and substation will be built for the grid connection to coincide with the anticipated production ramp-up of the processing plant.
What the boss says: Anthony Viljoen, chief executive
:“We will start up with a steady state 65 tonnes per month,”
All of our areas are fully licensed so we can start mining straight away.”
It ought not to cost too much to get going, as the ore is coarse-grained, there’ll be no milling required, and it’s all open cast.
- Ore already being stockpiled
- Pilot plant modifications completed
- Production gets underway at phase 1 at Uis of both tin ad tantalum
- Bankable study for phase 2 upgrade