Proactiveinvestors United Kingdom AfriTin Mining Ltd https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom AfriTin Mining Ltd RSS feed en Mon, 22 Jul 2019 14:57:06 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - 2019 Annual Report and Notice of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20190709070002_14140845/ Tue, 09 Jul 2019 07:00:02 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20190709070002_14140845/ <![CDATA[News - Financial results show AfriTin nicely poised for first tin production from Uis ]]> https://www.proactiveinvestors.co.uk/companies/news/223178/financial-results-show-afritin-nicely-poised-for-first-tin-production-from-uis-223178.html AfriTin Mining Ltd (LON:ATM) booked a loss of just over £1mln in the year to 28 February 2019, equating to a loss per share of 0.23p.

Although AfriTin has not yet commenced commercial production from its Uis tin mine in Namibia, the company did book £27,000 of sales from the sale of sand at Zaaiplaats.

WATCH: Milestone for AfriTin Mining as it marks transition from explorer to producer

During the period AfriTin spent £571,000 on exploration and evaluation work and £4.7mln on the phase one pilot plant.

As at 28 February 2019, the Group had cash in the bank of just under £1.8mln.

The completion of an equity subscription of around £3mln on 22 May 2019 as well as the finalisation of a standby working capital facility for around 1.7mln with Bushveld Minerals will allow AfriTin to complete the development of the Phase 1 Pilot Plant and will provide general working capital to achieve first production of tin concentrate.

The company describes production of tin from Uis as “imminent.”

 

 

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Tue, 02 Jul 2019 07:52:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/223178/financial-results-show-afritin-nicely-poised-for-first-tin-production-from-uis-223178.html
<![CDATA[RNS press release - Audited Financial Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20190702070009_14132405/ Tue, 02 Jul 2019 07:00:09 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20190702070009_14132405/ <![CDATA[News - AfriTin hits “significant milestone” with completion of confirmatory drilling at Uis ]]> https://www.proactiveinvestors.co.uk/companies/news/222851/afritin-hits-significant-milestone-with-completion-of-confirmatory-drilling-at-uis-222851.html AfriTin Mining Limited (LON:ATM) has concluded a confirmatory drilling programme at its flagship Uis Tin mine in Namibia, described as a “significant milestone” for the firm.

The AIM-listed group said the drilling was designed to support the declaration of a mineral resource estimate on the V1 and V2 pegmatites at the project.

READ: AfriTin continues to intersect good grades at Uis

Anthony Viljoen, chief executive of AfriTin, said an important element of the results was an intersection of 108.97 metres at 0.17% Tin, which indicated that the V1 and V2 pegmatites thickened with depth.

He also highlighted “notable grades” in the ancillary element points, which indicated potential for “multiple revenue streams” as the project advanced.

In mid-morning AfriTin’s shares were 1.5% higher at 3.4p.

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Wed, 26 Jun 2019 09:59:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/222851/afritin-hits-significant-milestone-with-completion-of-confirmatory-drilling-at-uis-222851.html
<![CDATA[RNS press release - Uis Exploration Drilling Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20190626070006_14124410/ Wed, 26 Jun 2019 07:00:06 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20190626070006_14124410/ <![CDATA[News - AfriTin continues to intersect good grades at Uis ]]> https://www.proactiveinvestors.co.uk/companies/news/221763/afritin-continues-to-intersect-good-grades-at-uis-221763.html AfriTin Mining Ltd (LON: ATM) shares rose on Monday after the firm said it has received a second batch of assay results from drilling at its Uis tin mine in Namibia.

Among the most significant intercepts from the most recent five holes were 30.32 metres grading 0.20% tin and 91 parts per million (ppm) tantalum, 109.32 metres grading 0.17% tin and 77ppm tantalum, and 53.83 metres grading 0.16% tin and 73ppm tantalum.

WATCH: Milestone for AfriTin Mining as it marks transition from explorer to producer

The drilling was part of a programme aimed at validating the historic information disclosed by SRK in 1985.

"I am pleased to provide a further update on the confirmatory drilling programme,” said  Anthony Viljoen, chief executive of AfriTin.

“Of particular interest is a 109 metre intersection of mineralised pegmatite starting at 51 metres, indicating the presence of a voluminous ore body extension at depth. While these drilling results are subject to a resource modelling and independent validation process, we are encouraged by these results which remain comparable to the historical data of 1985."

In afternoon trading, shares in AfriTin were 4% higher at 3.80p.

 -- Adds share price --

 

 

 

 

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Mon, 10 Jun 2019 07:59:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/221763/afritin-continues-to-intersect-good-grades-at-uis-221763.html
<![CDATA[RNS press release - Uis Exploration Drilling Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20190610070005_14104016/ Mon, 10 Jun 2019 07:00:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20190610070005_14104016/ <![CDATA[Media files - Milestone for AfriTin Mining as it marks transition from explorer to producer ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/13516/milestone-for-afritin-mining-as-it-marks-transition-from-explorer-to-producer-13516.html Wed, 29 May 2019 15:37:00 +0100 https://www.proactiveinvestors.co.uk/companies/stocktube/13516/milestone-for-afritin-mining-as-it-marks-transition-from-explorer-to-producer-13516.html <![CDATA[News - AfriTin Mining all set to commission pilot plant at Uis ]]> https://www.proactiveinvestors.co.uk/companies/news/221028/afritin-mining-all-set-to-commission-pilot-plant-at-uis-221028.html AfriTin Mining Ltd (LON:ATM) has commenced a phased commissioning process for the pilot processing plant at its Uis tin mine in Namibia.

At the same time the mining contractor has been mobilised, water and power infrastructure has been put in place, and resource validation drilling has been completed.

WATCH: AfriTin's Anthony Viljoen on site as first large-scale blast takes place at Uis tin mine

The plant consists of two main parts: a 4-stage crushing circuit and a 3-stage concentrating circuit.

During commissioning, the plant will produce initial tin concentrate, with continuous plant operations likely to commence in July 2019. 

This represents a slight deviation from previous guidance by the company stating that commercial tin concentrate production will commence in the second quarter of 2019.  The delay was caused by longer than expected lead times in the procurement of equipment, material and construction services.

Commissioning will be followed by a production ramp up spanning four months with the goal of achieving design capacity before the end of the fourth quarter.

The commissioning follows recent news of a financing for AfriTin, in which it raised £3mln and secured a standby facility from sister company, Bushveld Minerals Ltd. (LON:BMN).

Uis was formerly the world's largest hard-rock tin mine.

AfriTin’s plan is for a two phase development, with the pilot plant being commissioned in the first phase to process approximately 500,000 tonnes of ore per annum and approximately 60 tonnes of tin concentrate per month.

The second phase will comprise a planned operation of a three million tonne per annum processing facility, producing approximately 5,000 tonnes per annum of tin concentrate.

"We have been looking forward to this exciting phase of the project since breaking first ground at the end of 2018,” said AfriTin chief executive Anthony Viljoen.  

“While there is work to be done to achieve steady state production, the significant step of commencing production and first concentrate is a momentous milestone for the company.”

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Tue, 28 May 2019 08:29:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/221028/afritin-mining-all-set-to-commission-pilot-plant-at-uis-221028.html
<![CDATA[RNS press release - Uis Tin Mine Operational Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20190528070011_14088096/ Tue, 28 May 2019 07:00:11 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20190528070011_14088096/ <![CDATA[News - AfriTin raises £3mln to take Uis mine into phase 1 production ]]> https://www.proactiveinvestors.co.uk/companies/news/220775/afritin-raises-3mln-to-take-uis-mine-into-phase-1-production-220775.html Namibian tin mine developer ArfiTin Limited (LON:ATM) has raised £3mln through a share issue at 3p.

Former parent Bushveld Minerals Limited (LON:BMN) has also agreed to provide a short-term loan to boost its cash position even more.

The vanadium miner will provide a £1.7mln working capital facility to help AfriTin start production at the Uis tin mine in Namibia.

AfriTin announced in February it was amending its plans for a pilot plant at Uis to increase capacity and allow for tantalum to be produced.

Anthony Viljoen, chief executive, said the plant is now currently 90% complete and that this financing will bring commissioning in on time and in the current quarter.

“We remain committed to our objectives of producing an operational, Phase 1 Pilot Plant and a confirmed JORC compliant resource at Uis to provide a solid platform for Phase 2 feasibility and delivery," he said.

“The directors believe that the successful completion and ramp up of the Plant will demonstrate a compelling business case, through a bankable feasibility study, for the Phase 2 development of the plant.”

Miton puts more in 

UK small-cap fund manager Miton was one of the backers of the share subscription and will hold an 8.8% stake going forward.

Bushveld Minerals spun-off its non-core tin business in 2017 to create AfriTin and retains a 9.5% stake but said it want to exit from tin once the mine is up and running and any borrowings are paid back.

Fortune Mojapelo, Bushveld’s chief executive, said the funding support gives AfriTin time to finalise its own longer-term debt.

“The support provided therefore enables Bushveld Minerals to secure value in its remaining shareholding in the company and thereby facilitate for the eventual final exit from the tin business by the end of the facility term."

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Wed, 22 May 2019 10:11:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/220775/afritin-raises-3mln-to-take-uis-mine-into-phase-1-production-220775.html
<![CDATA[RNS press release - Financing and Debt Facility ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20190522080007_14083192/ Wed, 22 May 2019 08:00:07 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20190522080007_14083192/ <![CDATA[News - AfriTin books encouraging drill results en route to maiden tin and tantalum resource at Uis ]]> https://www.proactiveinvestors.co.uk/companies/news/220571/afritin-books-encouraging-drill-results-en-route-to-maiden-tin-and-tantalum-resource-at-uis-220571.html AfriTin Mining Ltd (LON:ATM) shares rose on Moday as the firm said it completed its resource validation drilling programme at the Uis tin project in Namibia.

AfriTin completed 20 holes for 2,343 metres, and has already received assay results for five holes.

READ: Afritin MIning happy to build up slowly at Uis tin mine

Significant intersections include 16.22 metres grading 0.21% tin and 129 parts per million tantalum, and 17.87 metres grading 0.19% tin and 124ppm tantalum.

The plan is to use the data gleaned from the drilling to validate historic data compiled by consultant SRK for previous owner Iscor in 1985, and to declare a maiden JORC-compliant resource.

"We continue to make significant progress towards declaring a JORC-compliant mineral resource estimate for our Uis Tin Project,” said Anthony Viljoen, chief executive of AfriTin.

“This is a major step for the company in order to confirm the historical data originally produced by SRK for Iscor. While the results of the drilling are subject to a resource modelling and validation process, we are encouraged by the initial results which are comparable to historical data."

In afternoon trading, AfriTin shares were 1.5% higher at 3.35p.

 -- Adds share price -- 

 

 

 

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Mon, 20 May 2019 07:59:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/220571/afritin-books-encouraging-drill-results-en-route-to-maiden-tin-and-tantalum-resource-at-uis-220571.html
<![CDATA[RNS press release - Uis Exploration Drilling Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20190520070020_14079319/ Mon, 20 May 2019 07:00:20 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20190520070020_14079319/ <![CDATA[News - Afritin MIning happy to build up slowly at Uis tin mine ]]> https://www.proactiveinvestors.co.uk/companies/news/220437/afritin-mining-happy-to-build-up-slowly-at-uis-tin-mine-220437.html 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.

Anthony Viljoen, chief executive

 

  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.

 

Video

 

 

  Inflexion points 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 ]]>
Thu, 16 May 2019 14:40:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/220437/afritin-mining-happy-to-build-up-slowly-at-uis-tin-mine-220437.html
<![CDATA[News - AfriTin MIning agrees grid power supply for processing plant at Uis ]]> https://www.proactiveinvestors.co.uk/companies/news/219861/afritin-mining-agrees-grid-power-supply-for-processing-plant-at-uis-219861.html AfriTin Mining Limited (LON:ATM) has signed a deal with Namibia Power over grid electricity for the pilot plant at the Uis tin mine.

The grid supply is significantly more cost-effective than the diesel-generators currently on site, said the AIM-listed junior.

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.

"This agreement will provide reliable energy to site, improve the planned cost structure and further support the economic viability of our project," said Anthony Viljoen, chief executive.

The phase 1 processing plant is designed to process around 500,000 tonnes of ore per annum and produce 60 tonnes of tin concentrate per month.

Namibia Power will supply up to 1.5MVA over ten years at standard list prices for transmission customers.

·    

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Wed, 08 May 2019 08:09:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/219861/afritin-mining-agrees-grid-power-supply-for-processing-plant-at-uis-219861.html
<![CDATA[RNS press release - Uis Tin Mine Power Supply Agreement ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20190508070003_14065627/ Wed, 08 May 2019 07:00:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20190508070003_14065627/ <![CDATA[RNS press release - Electronic Distribution of Shareholder Information ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20190430182959_14058212/ Tue, 30 Apr 2019 18:29:59 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20190430182959_14058212/ <![CDATA[News - AfriTin Mining hails discovery of significant grades of lithium, in addition to tin, in its ML 133 License in Nambia ]]> https://www.proactiveinvestors.co.uk/companies/news/213873/afritin-mining-hails-discovery-of-significant-grades-of-lithium-in-addition-to-tin-in-its-ml-133-license-in-nambia-213873.html AfriTin Mining Limited (LON:ATM) has hailed the discovery of significant grades of lithium, in addition to tin, in pegmatites in the ML 133 License, located in the Nainais area of Nambia.

The AIM-listed mining company with a portfolio of near-production tin assets in Namibia and South Africa noted that the ML 133 license is outside of the current development area at the Uis tin mine.

READ: AfriTin forecasts maiden concentrate production in second quarter following additions to Uis pilot plant

The firm said recent test work indicates that the most abundant lithium-bearing mineral present is petalite, with lesser lithian-muscovite, montebrasite and cookeite.

It pointed out that, in addition to the high modal abundance of petalite within the dump sample, the mineral is easily liberated, particulate (75% greater than 100 µm in size) and potentially recoverable by gravity separation.

AfriTin noted that Petalite concentrate commands a premium in the market as it can contain up to 4.4% Li2O. The crystal structure of petalite limits the occurrence of impurities when compared to spodumene which generally contains higher concentrations of iron and other contaminants.

The group said further work will be undertaken to determine the economics of exploiting the lithium.

AfriTin’s CEO Anthony Viljoen commented: "We are delighted by the discovery of geologically significant grades of lithium-bearing material at our Nainais deposit. Although the lithium discovery at the ML133 license is not of immediate priority for the Company, it does provide us with a considerable upside target for the Company to explore in the future.

“Lithium remains a major industrial mineral in battery storage technologies and exploitation of lithium from this licence area could potentially contribute value to the Company in the future."

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Mon, 04 Feb 2019 07:48:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/213873/afritin-mining-hails-discovery-of-significant-grades-of-lithium-in-addition-to-tin-in-its-ml-133-license-in-nambia-213873.html
<![CDATA[RNS press release - Discovery of lithium occurrences at licence ML133 ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20190204070005_13956300/ Mon, 04 Feb 2019 07:00:05 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20190204070005_13956300/ <![CDATA[News - AfriTin forecasts maiden concentrate production in second quarter following additions to Uis pilot plant ]]> https://www.proactiveinvestors.co.uk/companies/news/213790/afritin-forecasts-maiden-concentrate-production-in-second-quarter-following-additions-to-uis-pilot-plant-213790.html AfriTin Mining Limited (LON:ATM) said it is expecting maiden tin and tantalum concentrate production from its phase 1 pilot plant project at the Uis mine in Namibia in the second quarter of 2019 following additions to the plant.

The mining firm said in an operational update that the stockpiling of ore at the site following the first blast in December last year was “proceeding well”, while the decision taken to modify the phase 1 plant to add production capacity and produce tantalum concentrate would add to revenues.

WATCH: AfriTin's Anthony Viljoen on site as first large-scale blast takes place at Uis tin mine

A third dense medium separation (DMS) section had been procured for the plant to increase throughput capacity and flexibility as well as the installation of a magnetic separation circuit.

AfriTin added that it was “well advanced” in procuring mining contractor services for drilling, blasting, loading, and hauling, with mobilisation expected once a contract had been finalised.

There had also been confirmation of a sufficient process water supply from a hydrogeological study and water drilling programme, with further progress on other drilling activities in line with the firm’s targets.

Anthony Viljoen, chief executive of AfriTin, said the additions to the pilot plant would allow for the production of both tin and tantalum concentrates as well as larger throughput capacity which would “not only improve revenue from Phase 1 but also allow us to further de-risk the larger Phase 2 production which is subject to a Bankable Feasibility Study”.

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Fri, 01 Feb 2019 08:07:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/213790/afritin-forecasts-maiden-concentrate-production-in-second-quarter-following-additions-to-uis-pilot-plant-213790.html
<![CDATA[RNS press release - Uis Tin Mine Operational Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20190201070002_13954519/ Fri, 01 Feb 2019 07:00:02 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20190201070002_13954519/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20181217180841_13906898/ Mon, 17 Dec 2018 18:08:41 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20181217180841_13906898/ <![CDATA[Media files - AfriTin's Anthony Viljoen on site as first large-scale blast takes place at Uis tin mine ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/11581/afritin-s-anthony-viljoen-on-site-as-first-large-scale-blast-takes-place-at-uis-tin-mine-11581.html Tue, 11 Dec 2018 13:53:00 +0000 https://www.proactiveinvestors.co.uk/companies/stocktube/11581/afritin-s-anthony-viljoen-on-site-as-first-large-scale-blast-takes-place-at-uis-tin-mine-11581.html <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20181210070006_13896700/ Mon, 10 Dec 2018 07:00:06 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20181210070006_13896700/ <![CDATA[News - AfriTin sees first blast at Uis project as it targets phase 1 production ]]> https://www.proactiveinvestors.co.uk/companies/news/210702/afritin-sees-first-blast-at-uis-project-as-it-targets-phase-1-production-210702.html In December, AfriTin Mining Limited (LON:ATM) saw the first large-scale blast at its key asset, the Uis tin project in north-west Namibia, as part of phase 1 pilot production at the site.

The ore produced is being prepared and stockpiled, awaiting the construction of the phase 1 processing plant which is designed to process around 500,000 tonnes of ore per annum and produce 60 tonnes of tin concentrate per month.

READ: AfriTin Mining announces first large-scale blast at Uis tin mine

The second phase will comprise the planned operation of the 3mln tonne per annum processing facility, producing the 5,000 tonnes of tin concentrate targeted in the scale-up.

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, AfriTin is now looking for Uis to restart its output.

Historical resource estimate

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

READ: AfriTin MIning starts pilot plant construction at Uis mine

“We need to bring those old numbers into modern JORC-reporting compliance,” says Anthony Viljoen, chief executive of AfriTin.

“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.

Riding the new Supercycle

One of the key intellectual drivers behind the development of AfriTin is the idea that the Supercycle is not over.

Mining sector investors 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.

“The industrialisation of China and India is now moving into a new realm,” says Viljoen, “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.

New acreage in Namibia

In October, the company also expanded its footprint in Namibia by agreeing to acquire two more tin and tantalum licences.

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.

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

The licenses are around 80km away from the Uis mine and within a once prolific tin-producing region.

READ: AfriTin Mining acquires more acreage near to Uis mine in Namibia

Since the start of the year, the company has seen its share price rise around 40% to 3.2p, giving it a market cap of £17.1mln.

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Thu, 06 Dec 2018 10:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/210702/afritin-sees-first-blast-at-uis-project-as-it-targets-phase-1-production-210702.html
<![CDATA[News - AfriTin Mining announces first large-scale blast at Uis tin mine ]]> https://www.proactiveinvestors.co.uk/companies/news/210648/afritin-mining-announces-first-large-scale-blast-at-uis-tin-mine-210648.html AfriTin Mining Limited (LON:ATM) said the first large-scale blast has taken place at its Uis tin mine in Namibia.

The blast is part of the phase 1 pilot production at the site, with the mining firm saying first ore had been produced from the site and was now being prepared and stockpiled to await completion of the phase 1 processing plant.

READ: AfriTin Mining starts validation drilling at Uis in Namibia

Activities at the site also included the running of first ore through the front-end comminution and crushing circuit, with ongoing tandem drilling on schedule to make the historic resource at the site JORC compliant.

Uis is formerly the world’s largest hard-rock tin mine, with AfriTin’s phase 1 pilot processing plant designed to process around 500,000 tonnes of ore per annum producing 60 tonnes of tin concentrate per month as part of the phase.

The second phase will comprise the planned operation of a 3mln tonne per annum processing facility, producing around 5,000 tonnes of tin concentrate per annum.

The company added that the first blast had been marked by a ceremony attended by the Namibian Minister of Mines and Energy, Tom Alweendo.

Anthony Viljoen, chief executive of AfriTin, said the blast was the first at the site since the mine closed in 1991, adding that the news was “a big step forward” in bringing Uis back into production and generating revenues.

In early trading Thursday, AfriTin shares were up 1.6% at 3.2p.

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Thu, 06 Dec 2018 08:24:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/210648/afritin-mining-announces-first-large-scale-blast-at-uis-tin-mine-210648.html
<![CDATA[RNS press release - First Blast at Uis Tin Mine and Site Visit ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20181206070002_13893276/ Thu, 06 Dec 2018 07:00:02 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20181206070002_13893276/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20181130142925_13887457/ Fri, 30 Nov 2018 14:29:25 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20181130142925_13887457/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20181119161852_13872435/ Mon, 19 Nov 2018 16:18:52 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20181119161852_13872435/ <![CDATA[News - AfriTin Mining starts validation drilling at Uis in Namibia ]]> https://www.proactiveinvestors.co.uk/companies/news/208587/afritin-mining-starts-validation-drilling-at-uis-in-namibia-208587.html AfriTin Mining Limited (LON:ATM) has started drilling at the Uis in Namibia to firm up the resource ahead of the planned re-opening of the tin mine.

 Anthony Viljoen, the AIM-listed firm's chief executive, said the historical database originally created for Uis is extensive with a high level of detail and will be used to speed up the validation drilling and exploration programme.

READ: AfriTin MIning starts pilot plant construction at Uis mine

Uis’ main mining period was between 1959 and 1991 and there are complete datasets comprising collar information, assays, downhole surveys and geological logs for a total of 148 holes drilled during the period.

In addition to the tin content, AfriTin will also be investigating the potential for economic concentrations of lithium and tantalum in the Uis pegmatites.

Drilling is expected to continue through to the first quarter of 2019 and comprise 3950m distributed over 27 holes

Mapping and sampling work has also started at two other licences in Namibia, ML129 and ML 133. 

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Tue, 06 Nov 2018 07:52:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/208587/afritin-mining-starts-validation-drilling-at-uis-in-namibia-208587.html
<![CDATA[RNS press release - Commencement of Resource Drilling ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20181106070005_13855887/ Tue, 06 Nov 2018 07:00:05 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20181106070005_13855887/ <![CDATA[News - AfriTin MIning starts pilot plant construction at Uis mine ]]> https://www.proactiveinvestors.co.uk/companies/news/207830/afritin-mining-starts-pilot-plant-construction-at-uis-mine-207830.html AfriTin Mining Ltd (LON:ATM) has completed the foundations for the pilot processing plant at the Uis tin mine in Namibia.

Construction of the processing plant has started with the phase 1 pilot operation to handle 500,000 tonnes of ore a year producing around 60 tonnes of tin concentrate per month.

READ: AfriTin Mining acquires more acreage near to Uis mine in Namibia

The plant will consist of a 4-stage crushing plant and concentrator, employing dense media separation and gravity concentration circuits.

Contractors will be employed for the drilling, blasting, loading and hauling of mining material.

AfriTin will also use the plant as the basis of a bankable feasibility study for a Phase 2 operation that will process 3mln tonnes of ore per year producing approximately 5,500 tonnes of tin concentrate.

Anthony Viljoen, chief executive, said: "We are pleased to present further progress at Uis and are now a step closer to producing first tin.”

 

 

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Thu, 25 Oct 2018 08:39:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/207830/afritin-mining-starts-pilot-plant-construction-at-uis-mine-207830.html
<![CDATA[RNS press release - Operational Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20181025070006_13841594/ Thu, 25 Oct 2018 07:00:06 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20181025070006_13841594/ <![CDATA[News - Afritin Mining predicts major strides forward over next six months ]]> https://www.proactiveinvestors.co.uk/companies/news/207741/afritin-mining-predicts-major-strides-forward-over-next-six-months-207741.html AfriTin Mining Limited (LON:ATM) expects the next six months to see a major step forward in its plans to bring the Uis tin mine in Namibia back into production.

The period should see the construction of the pilot plant and a JORC-compliant resource at Uis based upon the 1980s SRK resource statements produced by early 2019.

READ: AfriTin Mining acquires more acreage near to Uis mine in Namibia

Once tin concentrate begins from the pilot plant, AfriTin intends to expand its footprint in the region through acquisition similar to the deal earlier this month for Tanatalum Investments and its two exploration licences.

Losses for the half year to August were £907,000.

 

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Wed, 24 Oct 2018 08:41:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/207741/afritin-mining-predicts-major-strides-forward-over-next-six-months-207741.html
<![CDATA[RNS press release - Interim Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20181024070002_13839870/ Wed, 24 Oct 2018 07:00:02 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15979/LSE20181024070002_13839870/ <![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/