AfriTin Mining Ltd (LON:ATM) has completed a detailed design for its flagship asset Uis Tin Mine in Namibia, targeting the V1 and V2 pegmatite bodies, previously identified as the priority to supply feed to its new intermediary processing plant.
The AIM-listed firm said the mine design includes an initial five-year mine production schedule to commence operations on the outcropping pegmatite bodies and existing excavations of the V1 and V2 pits.
READ: AfriTin says mapping of Uis mine in Namibia shows mineralisation throughout unmined surface extensions
The mining company said the run-of-mine feed to the processing plant for this phase of development is planned at 500,000 tonnes per year with an anticipated annual production of 800 tonnes of saleable tin concentrate.
The mining company said that a plant location has been identified in close proximity to the V1/V2 pegmatite bodies, the site layout and project infrastructure is being finalised and earthworks and civil works construction are scheduled to commence during May 2018 with production on track for the second half of 2018.
Anthony Viljoen, AfriTin’s CEO, said: “Whilst we believe Uis has the resources to be a long-life operation, this phased approach should provide a platform for sustainable early cash flows.”
He added: “It should also de-risk the implementation of a larger scale mining and processing facility which in turn should allow us to progress long term financing options.”