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Afritin Mining predicts major strides forward over next six months

The period should see the construction of the pilot plant and a JORC-compliant resource produced

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Tin is used widely in electronics

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.

 

Quick facts: AfriTin Mining Ltd

Price: 2.5 GBX

AIM:ATM
Market: AIM
Market Cap: £16.33 m
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AfriTin's Uis tin mine in Namibia 'back on track and ramping up again'

Mining Capital's Alastair Ford says mining operations at AfriTin Mining Ltd's (LON:ATM) Uis tin mine have now returned to full scale following the easing of coronavirus (COVID-19) lockdown measures in Namibia. He says the lockdown has resulted in delays to planned throughput increases and...

2 weeks, 4 days ago

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