https://www.proactiveinvestors.co.uk Proactiveinvestors RSS feed en Tue, 16 Oct 2018 23:41:11 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[Media files - AfriTin Mining picks up two more tin and tantalum licences near to Uis mine ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/10692/afritin-mining-picks-up-two-more-tin-and-tantalum-licences-near-to-uis-mine-10692.html Tue, 02 Oct 2018 16:07:00 +0100 https://www.proactiveinvestors.co.uk/companies/stocktube/10692/afritin-mining-picks-up-two-more-tin-and-tantalum-licences-near-to-uis-mine-10692.html <![CDATA[News - AfriTin Mining acquires more acreage near to Uis mine in Namibia ]]> https://www.proactiveinvestors.co.uk/companies/news/206158/afritin-mining-acquires-more-acreage-near-to-uis-mine-in-namibia-206158.html AfriTin Mining Limited (LON:ATM) is to buy two more tin and tantalum licences to expand its footprint in Namibia.

The company will buy all of Tantalum Investment from Jan Jonathan Serfontein for £850,000 in shares issued at 3.4p. Tantalum Investment owns the licences, one of which includes the formerly producing Brandberg West tin and tungsten mine that was in operation until the 1980's.

READ: AfriTin Mining identifies catalogue of exploration targets near flagship mine

The other licence, EPL5670, sits in the Goantagab belt in Namibia.

Anthony Viljoen, AfriTin Mining’s chief executive, said the licences were 80km or less away from its flagship Uis mine and located in what was once a prolific tin-producing region.

“While bringing the Uis mine back into production remains our primary focus, we will begin early stage exploration on these new licences, with the objective of reopening the whole region as a major tin province."

AfriTin’s strategy is to fast-track Uis to commercial production in 2018 ramping up to 5,000 tonnes of concentrate and from there to consolidate other African tin assets.

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Tue, 02 Oct 2018 07:44:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/206158/afritin-mining-acquires-more-acreage-near-to-uis-mine-in-namibia-206158.html
<![CDATA[RNS press release - Acquisition of Tantalum Investment Pty Limited ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20181002070017_13812255/ Tue, 02 Oct 2018 07:00:17 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20181002070017_13812255/ <![CDATA[RNS press release - Issue of Shares ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180817134757_13760024/ Fri, 17 Aug 2018 13:47:57 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180817134757_13760024/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180815151854_13756891/ Wed, 15 Aug 2018 15:18:54 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180815151854_13756891/ <![CDATA[News - AfriTin Mining identifies catalogue of exploration targets near flagship mine ]]> https://www.proactiveinvestors.co.uk/companies/news/202347/afritin-mining-identifies-catalogue-of-exploration-targets-near-flagship-mine-202347.html AfriTin Mining Ltd (LON:ATM) has highlighted the initial success of its new exploration efforts, which coincide with the group’s primary focus, which is to deliver a pilot plant and advance towards the definitive feasibility phase of the project.

It highlighted that exploration work in Namibia has, to date, identified more than 180 pegmatite bodies in the ML134 mining license area, which would be within as little as five kilometres from the plant location.

The company further added that the vast majority of target (about 95%) had visible cassiterite mineralisation at surface, and that the drilling of a water well had encountered a pegmatite body for 67 metres (starting at around 14 metres).

READ: AfriTin starts scale up programme at Uis mine

"The results of this mapping programme have been very encouraging,” said Anthony Viljoen, AfriTin chief executive.

“Not only do we have confirmation of the extent of the mineralisation in the V1/V2 pit, where we will commence phase 1 mining operations, but extensive examples of further mineralisation across the 197km2 mining licence area.

Viljoen added: “Intersecting part of a new 67m pegmatite body while drilling for a water borehole is an encouraging example of how exploration drives mining growth and how AfriTin intends growing the company.

“Identification of further areas for future exploration confirms our belief that Uis is part of a significant tin province, with AfriTin leading the way in terms of its development."

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Tue, 07 Aug 2018 07:48:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/202347/afritin-mining-identifies-catalogue-of-exploration-targets-near-flagship-mine-202347.html
<![CDATA[RNS press release - Uis Tin Mine Update - Proximal Pegmatites Mapped ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180807070003_13745691/ Tue, 07 Aug 2018 07:00:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180807070003_13745691/ <![CDATA[RNS press release - 2018 Annual Report ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180719170003_13724783/ Thu, 19 Jul 2018 17:00:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180719170003_13724783/ <![CDATA[News - AfriTin starts scale up programme at Uis mine ]]> https://www.proactiveinvestors.co.uk/companies/news/200747/afritin-starts-scale-up-programme-at-uis-mine-200747.html Namibia-based tin group AfriTin Mining Ltd (LON:ATM) is on track to produce its first concentrate from the Uis mine by the end of the year.

Work is underway to upgrade the pilot plant to 65 tonnes per month of tin concentrate.

READ: AfriTin ​announces ‘excellent’ results of Dense Medium Separation test work at Uis Tin Mine

AfriTin will use knowledge gained from the pilot operation as part of a bankable feasibility study after which plant production will ramp up to up to 5,000 tons per year.

Alongside the pilot operation, AfriTin will carry out a detailed exploration programme and map out a long-term mine plan.

The company raised £6mln in May to fund the exploration plans and work on the bankable feasibility study.

Losses in the year to February were £1.53mln.

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Fri, 13 Jul 2018 08:19:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/200747/afritin-starts-scale-up-programme-at-uis-mine-200747.html
<![CDATA[RNS press release - 2017 Audited Financial Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180713070003_13716457/ Fri, 13 Jul 2018 07:00:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180713070003_13716457/ <![CDATA[Media files - AfriTin Mining reports 'excellent recoveries' from test work at Uis tin mine in Namibia ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/9694/afritin-mining-reports-excellent-recoveries-from-test-work-at-uis-tin-mine-in-namibia-9694.html Mon, 25 Jun 2018 15:54:00 +0100 https://www.proactiveinvestors.co.uk/companies/stocktube/9694/afritin-mining-reports-excellent-recoveries-from-test-work-at-uis-tin-mine-in-namibia-9694.html <![CDATA[News - AfriTin announces ‘excellent’ results of Dense Medium Separation test work at Uis Tin Mine ]]> https://www.proactiveinvestors.co.uk/companies/news/199464/afritin-announces-excellent-results-of-dense-medium-separation-test-work-at-uis-tin-mine-199464.html AfriTin Mining Limited (LON:ATM) has announced it has achieved ‘excellent recoveries’ in the Dense Medium Separation (DMS) test work on a bulk sample of 2 tonnes which is a potentially representative sample of the V1, V2 pegmatite bodies.

The AIM-listed mining company said these pits were previously identified as priority targets to supply feed to the upgraded processing plant at Uis Tin Mine in Namibia.

READ: AfriTin Mining appoints local contractor for civil works at its Uis Tin Mine in Namibia

The company said more than 85% stage 1 tin recoveries in 2.66 and 2.62 g/cm3 cut densities and up to 91% recoveries in second-stage separation (at a cut density of 2.9 g/cm3) were achieved during the test work.

AfriTin also achieved more than 60% SnO2 grade in the final concentrate following removal of muscovite (a potential by-product).

The company said these initial results confirm the beneficiation potential of the Uis pegmatites to produce a high-grade tin concentrate from a coarse run-of-mine feed.

Anthony Viljoen, CEO of AfriTin Mining, said: “The completion of this test work has been a key element of the final design for our phase 1 processing plant at the historic Uis mine and bodes well for the expansion during Phase 2 of the project which envisages a full-scale production facility of 3 million tonnes of ore per annum.”

He added: “The company remains on target for the production of first tin concentrate during the fourth quarter of 2018."

 

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Mon, 25 Jun 2018 08:09:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/199464/afritin-announces-excellent-results-of-dense-medium-separation-test-work-at-uis-tin-mine-199464.html
<![CDATA[RNS press release - Results of Dense Medium Separation Test Work ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180625070009_13691195/ Mon, 25 Jun 2018 07:00:09 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180625070009_13691195/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180621161401_13689286/ Thu, 21 Jun 2018 16:14:01 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180621161401_13689286/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180621161309_13689284/ Thu, 21 Jun 2018 16:13:09 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180621161309_13689284/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180621113211_13688797/ Thu, 21 Jun 2018 11:32:11 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180621113211_13688797/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180620172027_13687670/ Wed, 20 Jun 2018 17:20:27 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180620172027_13687670/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180619174705_13685995/ Tue, 19 Jun 2018 17:47:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180619174705_13685995/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180618145757_13683950/ Mon, 18 Jun 2018 14:57:57 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180618145757_13683950/ <![CDATA[RNS press release - Result of General Meeting ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180614111000_13679848/ Thu, 14 Jun 2018 11:10:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180614111000_13679848/ <![CDATA[News - AfriTin Mining appoints local contractor for civil works at its Uis Tin Mine in Namibia ]]> https://www.proactiveinvestors.co.uk/companies/news/198167/afritin-mining-appoints-local-contractor-for-civil-works-at-its-uis-tin-mine-in-namibia-198167.html AfriTin Mining Limited (LON:ATM) has announced the appointment of Ino Invest as civil works contractor for the construction of Phase 1 civil works required at its Uis Tin Mine in Namibia.

The AIM-listed tin miner said the contractor is a local, Namibian company specialising in construction and project management.

READ: AfriTin Mining share placing raises £6mln for accelerated work programme at the Uis Tin Mine

The company said construction is to be executed in accordance with the scope, description, drawings, specifications, delivery dates and terms and conditions provided by its engineers.

AfriTin said the construction is targeted for completion during the third quarter of 2018, and Phase 1 is designed to process 500,000 tonnes per annum.  

Anthony Viljoen, CEO of the company, said:” I am very pleased to announce this appointment, signalling the beginning of mine construction, in what is another positive step in ensuring that planned production remains on track for commencement in the second half of 2018.”

He added: “The appointment of local contractors attests to our commitment towards establishing Uis as a proudly Namibian operation.”

“We are confident in the contractor’s ability to execute on the project and we look forward to construction commencing in the very near future,” he concluded.  

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Mon, 04 Jun 2018 08:27:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/198167/afritin-mining-appoints-local-contractor-for-civil-works-at-its-uis-tin-mine-in-namibia-198167.html
<![CDATA[RNS press release - Commencement of plant civil construction works ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180604070008_13664798/ Mon, 04 Jun 2018 07:00:08 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180604070008_13664798/ <![CDATA[Media files - AfriTin raises £6mln in oversubscribed placing to accelerate work programme ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/9362/afritin-raises-6mln-in-oversubscribed-placing-to-accelerate-work-programme-9362.html Wed, 23 May 2018 15:45:00 +0100 https://www.proactiveinvestors.co.uk/companies/stocktube/9362/afritin-raises-6mln-in-oversubscribed-placing-to-accelerate-work-programme-9362.html <![CDATA[RNS press release - Result of Placing and Subscription & Notice of GM ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180523130005_13652524/ Wed, 23 May 2018 13:00:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180523130005_13652524/ <![CDATA[News - AfriTin Mining share placing raises £6mln for accelerated work programme at the Uis Tin Mine ]]> https://www.proactiveinvestors.co.uk/companies/news/197508/afritin-mining-share-placing-raises-6mln-for-accelerated-work-programme-at-the-uis-tin-mine-197508.html AfriTin Mining Ltd (LON:ATM) has raised gross proceeds of £6mln from a share placing to fund an accelerated work programme at its Uis Tin Mine in Namibia.

The AIM-listed tin miner said the new shares were placed at a price of 2.7p each, a 26% discount to Tuesday's closing price after an accelerated bookbuild process. In afternoon trading, AfriTin shares were changing hands at 2.85p each, down nearly 22%. 

READ: AfriTin Mining signs MOU with MRI Trading AG for buying tin concentrate in Namibia

In a second statement announcing the result of the placing, the firm noted that the new ordinary shares will represent approximately 42.9% of its enlarged issued share capital.

AfriTin's CEO Anthony Viljoen said: "It is encouraging to see such a positive take up of our recent placement of shares. The support from existing shareholders has demonstrated confidence in the team achieving their deliverables, and furthermore the introduction of a new strategic investor bodes well for the ongoing development of the project as we ramp up to production."

Earlier the group had said that proceeds from the fundraise would be used to commence an exploration drilling programme and geo-scientific work with the goal of declaring a JORC-compliant resource at Uis, as well as the initiation of a bankable feasibility study for the final mine configuration.

The funds would also be used to incorporate upgrades to the process design of the Phase 1 plan at the mine to improve planned beneficiation performance, as well as general corporate and working capital costs, it added.

In early April, AfriTin announced that it had signed a non-binding Memorandum of Understanding with mineral and petroleum trading firm MRI Trading AG (MRI) for an artisanal buying operation for tin concentrate in Namibia.

In a separate announcement today, AfriTin announced that Terence Philip Goodlace has been appointed to the board as a non-executive director with immediate effect.

Goodlace, who was worked in the mining industry for more than 40 years, currently holds two other directorships at Kumba Iron Ore Limited and Gold Fields Limited.

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Wed, 23 May 2018 07:31:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/197508/afritin-mining-share-placing-raises-6mln-for-accelerated-work-programme-at-the-uis-tin-mine-197508.html
<![CDATA[RNS press release - Proposed Placing and Subscription ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180523070101_13651352/ Wed, 23 May 2018 07:01:01 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180523070101_13651352/ <![CDATA[RNS press release - Appointment of Director ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180523070011_13651322/ Wed, 23 May 2018 07:00:11 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180523070011_13651322/ <![CDATA[RNS press release - Appointment of New Joint Broker ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180412070006_13601341/ Thu, 12 Apr 2018 07:00:06 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180412070006_13601341/ <![CDATA[Media files - AfriTin Mining announces MoU with MRI Trading AG for buying tin concentrate ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/9013/afritin-mining-announces-mou-with-mri-trading-ag-for-buying-tin-concentrate-9013.html Mon, 09 Apr 2018 12:48:00 +0100 https://www.proactiveinvestors.co.uk/companies/stocktube/9013/afritin-mining-announces-mou-with-mri-trading-ag-for-buying-tin-concentrate-9013.html <![CDATA[News - AfriTin Mining signs MOU with MRI Trading AG for buying tin concentrate in Namibia ]]> https://www.proactiveinvestors.co.uk/companies/news/194510/afritin-mining-signs-mou-with-mri-trading-ag-for-buying-tin-concentrate-in-namibia-194510.html AfriTin Mining Ltd (LON:ATM) has announced the signing of a non-binding Memorandum of Understanding (MOU) with mineral and petroleum trading firm MRI Trading AG (MRI) for an artisanal buying operation for tin concentrate in Namibia.

The AIM-listed firm said together with MRI it intends to explore the possibility of sourcing cassiterite concentrate from local artisan miners and establishing a Buying Station, which would analyse the quality of tin concentrate.

WATCH: AfriTin Mining announces MoU with MRI Trading AG for buying tin concentrate

Under the terms of MOU, MRI would provide funding of up to US$200,000 for the set-up and operations of the Buying Station for an initial 12-month period.

AfrtiTin would repay the investment from its share of profits, while MRI would have exclusive rights to all material purchased from the artisanal miners. Also, AfriTin would receive 50% of the net profits received by MRI.

The mining company said these terms were still under discussion, therefore there could be no guarantee that the agreement would be progressed.

Anthony Viljoen, CEO of AfriTin, said: “First and foremost, we believe that by buying from local artisanal miners, we will increase the economic activity in the region and as a result contribute to the upliftment of poverty-stricken Damaraland.”

He added:”Secondly, the sale of tin concentrate from the area into the world market will signify the first steps in the return of Namibia as a global player in the world tin market.”

In early morning trading, AfriTin’s shares were up 1.75% to 2.90p.

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Mon, 09 Apr 2018 10:05:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/194510/afritin-mining-signs-mou-with-mri-trading-ag-for-buying-tin-concentrate-in-namibia-194510.html
<![CDATA[RNS press release - AfriTin signs non-binding MOU with MRI ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180409083605_13596500/ Mon, 09 Apr 2018 08:36:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180409083605_13596500/ <![CDATA[News - AfriTin Mining completes detailed design for Uis tin mine in Namibia ]]> https://www.proactiveinvestors.co.uk/companies/news/194215/afritin-mining-completes-detailed-design-for-uis-tin-mine-in-namibia-194215.html 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.”

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Wed, 04 Apr 2018 07:33:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/194215/afritin-mining-completes-detailed-design-for-uis-tin-mine-in-namibia-194215.html
<![CDATA[RNS press release - Completion of Mine Design at Uis Tin Project ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180404070003_13590502/ Wed, 04 Apr 2018 07:00:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180404070003_13590502/ <![CDATA[News - AfriTin says mapping of Uis mine in Namibia shows mineralisation throughout unmined surface extensions ]]> https://www.proactiveinvestors.co.uk/companies/news/193130/afritin-says-mapping-of-uis-mine-in-namibia-shows-mineralisation-throughout-unmined-surface-extensions-193130.html AfriTin Mining Ltd (LON:ATM) said completion of detailed geological mapping has confirmed the presence of mineralisation throughout the unmined surface extensions over the V1 and V2 pegmatite bodies at the Uis tin mine in Namibia.

The AIM-listed firm said the information acquired during the mapping expedition will be used to create a 3-D geological model to be utilised to generate a block model from which a provisional mine production plan will be produced.

READ: AfriTin planning for annual revenues of US$60mln from Namibian mine

The mining company said the estimate Run of Mine feed to the plant is planned at 500 000 tonnes per year.

At this rate the V1 and V2 pit could be the sole supplier of mineralisation to the plant for the first 29 years of production, however, AfriTin stated its intention is to increase this production rate over the life of the mine.

Anthony Viljoen, AfriTin's CEO said: “We are very pleased with the results of the geological work recently completed at Uis, as this supports the detailed work that was contained in the historical SRK report that produced a 70 year life of mine plan.”

He concluded: “We believe the results provide a solid foundation on which AfriTin can base its mining programme, to resume early production at what was once the biggest hard rock tin mine in the world.”

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Wed, 14 Mar 2018 07:44:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/193130/afritin-says-mapping-of-uis-mine-in-namibia-shows-mineralisation-throughout-unmined-surface-extensions-193130.html
<![CDATA[RNS press release - Operational Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180314070005_13565868/ Wed, 14 Mar 2018 07:00:05 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180314070005_13565868/ <![CDATA[RNS press release - Statement re Broker ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180302132948_13553165/ Fri, 02 Mar 2018 13:29:48 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180302132948_13553165/ <![CDATA[RNS press release - Exercise of Warrants ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180129115821_13513012/ Mon, 29 Jan 2018 11:58:21 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180129115821_13513012/ <![CDATA[RNS press release - Director Dealing ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180122070004_13503745/ Mon, 22 Jan 2018 07:00:04 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180122070004_13503745/ <![CDATA[RNS press release - Directors Trading ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180118070019_13500485/ Thu, 18 Jan 2018 07:00:19 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180118070019_13500485/ <![CDATA[RNS press release - Operational Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180117070002_13498732/ Wed, 17 Jan 2018 07:00:02 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180117070002_13498732/ <![CDATA[RNS press release - Exercise of Warrants ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180111143002_13493536/ Thu, 11 Jan 2018 14:30:02 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20180111143002_13493536/ <![CDATA[RNS press release - Interim Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20171130070004_13448514/ Thu, 30 Nov 2017 07:00:04 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20171130070004_13448514/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20171121100445_13438818/ Tue, 21 Nov 2017 10:04:45 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20171121100445_13438818/ <![CDATA[News - AfriTin planning for annual revenues of US$60mln from Namibian mine ]]> https://www.proactiveinvestors.co.uk/companies/news/187301/afritin-planning-for-annual-revenues-of-us60mln-from-namibian-mine-187301.html One of the key intellectual drivers behind the ongoing development of Bushveld Minerals (LON:BMN) and its new spin-out company AfriTin Mining (LON:ATM) is the idea that the Supercycle is not over.

Mining sector investors, in particular, will know that the idea of the Supercycle was what drove the last mining boom, and what made valuations soar to such unusually stellar heights. Even at the time, its proponents argued that its effects would be long-lasting.

READ: AfriTin starts scale-up programme at Uis mine

“The industrialisation of China and India is now moving into a new realm,” says Anthony Viljoen, chief executive of AfriTin, “that of the consumer.”

It’s a compelling thought. After all, it’s one thing mobilising the economies of China and India for manufacturing and technology, but it’s quite another when the net result is a potential new consumer base of two billion people and counting.

Accordingly, AfriTin listed on the AIM market of the London stock exchange on November 9.

The key asset is the Uis tin project in north-west Namibia, a formerly producing mine that was shut-down more than 20 years ago when the tin price hit a nadir and Namibia was still coming to terms with its new-found independence.

Historical resource estimate

According to a historic resource estimate prepared by SRK, Uis contains over 70 mln 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.

“We need to bring those old numbers into modern JORC-reporting compliance,” says Viljoen.

“We will start up with a steady state 65 tonnes per month,” he says. “But we want to scale up to 5,000 tonnes per year on three million tonnes run of mine. That would be a little over one per cent of world production. 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.

Project with low capital intensity

“You’ll struggle to find a project with lower capital intensity,” says Viljoen.

Given that most of the world’s major tin mines are now operating underground, production from Uis should show up towards the bottom end of the global cost curve. There will also be useful credits on offer from the tantalite, beryllium and niobium that’s also contained in the ore.

As the ramp up develops, Viljoen reckons AfriTin’s revenues will rise to a handsome US$60mln per year, supported by that ever-present increasing demand for consumer electronics.

“Tin is used in all of your electronics,” says Viljoen, “especially so since they banned lead in circuit boards.”

Shares currently trade at 3.35p valuing AfriTin at £17.4mln.

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Wed, 15 Nov 2017 11:14:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/187301/afritin-planning-for-annual-revenues-of-us60mln-from-namibian-mine-187301.html
<![CDATA[RNS press release - Appointment of Joint Broker ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20171114084958_13430664/ Tue, 14 Nov 2017 08:49:58 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20171114084958_13430664/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20171110110159_13427688/ Fri, 10 Nov 2017 11:01:59 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20171110110159_13427688/ <![CDATA[Media files - AfriTin PLC has its eyes on becoming the African tin champion ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/8343/afritin-plc-has-its-eyes-on-becoming-the-african-tin-champion-8343.html Thu, 09 Nov 2017 08:58:00 +0000 https://www.proactiveinvestors.co.uk/companies/stocktube/8343/afritin-plc-has-its-eyes-on-becoming-the-african-tin-champion-8343.html <![CDATA[RNS press release - Admission to AIM and First Day of Dealings ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20171109070003_13425395/ Thu, 09 Nov 2017 07:00:03 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20171109070003_13425395/