AfriTin Mining Ltd - Uis Tin Mine Operational Update
("AfriTin" or the "Company")
Uis Tin Mine Operational Update
- Phased processing plant commissioning started;
- Mining contractor mobilised;
- Workforce recruitment nearing completion;
- Water and power infrastructure in place;
- Resource validation drilling completed with twenty holes drilled; and,
- Additional financing & working capital facility secured.
Commissioning of the processing plant at Uis has now commenced and is being conducted in a phased manner, starting with the testing of mechanical installations and progressing to continuous ore beneficiation. The plant consists of two main parts: a 4-stage crushing circuit and a 3-stage concentrating circuit. The C4 stage of commissioning, which involves passing ore material through the circuit, is scheduled for end of
Commissioning will be followed by a production ramp up spanning four months with the goal of achieving design capacity before the end of Q4 2019.
Mining contractors have been mobilised and have commenced with continuous mining operations at the Uis mine. Initially, outcropping pegmatites of the V1 and V2 ore bodies will be targeted, utilising an opencast mining method and production will be ramped up according to the schedule of the processing plant. AfriTin is conducting overburden stripping at a ratio of 1.5 tonnes of overburden to one tonne of ore so as to ensure the sustainable exposure of ore over the life of the Phase 1 operation.
The Company is in the process of recruiting operational personnel. Approximately one third of the total planned complement of 90 people have been appointed, including the entire management team.
General infrastructure to the operation is now in place, including water supply from groundwater sources and electrical power supply from diesel generating sets. As per the announcement of
The Company has completed exploration drilling (twenty holes) aimed at validating the historical mineral resource information by SRK in 1985, for ISCOR, for the V1 and V2 pegmatites. The first five holes have been announced (refer to announcement of
The completion of the Phase 1 Pilot Plant project and ramp up to steady-state production are supported by an equity fund raising and a general working capital facility as announced by the Company on
At Uis, formerly the world's largest hard-rock tin mine, management are employing a two-fold strategy: the Phase 1 Pilot Plant is designed to process approximately 500,000 tonnes per annum producing approximately 60 tonnes of tin concentrate per month while Phase 2 will comprise a planned operation of a 3 million tonne per annum processing facility, producing approximately 5,000 tonnes per annum of tin concentrate.
Commenting on the developments CEO
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.
For further information, please visit www.afritinmining.com or contact:
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+27 (11) 268 6555
Nominated Adviser and Joint Broker
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+44 (0) 207 220 1666
Corporate Adviser and Joint Broker
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+44 (0) 20 7907 8500
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+44 (0)20 7399 9400
Financial PR (
+44 (0) 207 920 3150
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Notes to Editors
AfriTin is managed by an experienced board of directors and management team with a current two-fold strategy: fast track Uis brownfield tin mine in
This information is provided by RNS, the news service of the
Quick facts: AfriTin Mining Ltd
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