leadf
logo-loader
viewAfriTin Mining Ltd
(
AIM:ATMFRA:9IA
)

AfriTin says making great strides towards adding tantalum and lithium to the product suite at Uis mine

AfriTin is building up a strong track record of production at the Uis mine

AfriTin Mining Ltd -

AfriTin Mining Ltd (LON:ATM) said it is advancing a metallurgical testing programme designed to investigate the potential production of tantalum and lithium as by-products from its tin project at Uis.

The Uis tin mine is known to contain an estimated 6,091 tonnes of tantalum and 450,265 tonnes of lithium oxide (Li 2 O).

Major Li 2 O intersections include 86.51 metres grading at 1.22% Li 2 O and 109.32 metres with an average grade of 0.97%.

Test work for a tantalum concentrate is at an advanced stage. Li 2 O concentrate test work is progressing to a second stage.

"Following the achievement of nameplate tin concentrate production in November 2020, the Uis Tin Mine has exceeded production forecasts,” said Anthony Viljoen, chief executive of AfriTin Mining Ltd.

“This provides the ideal platform for our metallurgical test work programme to investigate the potential of two major by-products, namely lithium oxide and tantalum. Successful implementation of by-product streams may significantly increase our profit margin and allow us to realise the goal of positioning the company in the lowest quartile of the world tin producer cost curve."

The operation at Uis is built around a measured, indicated and inferred mineral resource estimate totalling 71.54mln tonnes of ore containing 95,539 tonnes of tin metal at a grade of 0.134% tin.

 

Quick facts: AfriTin Mining Ltd

Follow
AIM:ATM

Price: 5.05 GBX

Market Cap: £56.17 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

AfriTin Mining says 'lithium is very exciting, with incredible...

AfriTin Mining Ltd's (LON:ATM) Anthony Viljoen talks to Proactive London about their efforts to add tantalum and lithium to the product suite at Uis mine as by-products. The Uis tin mine is thought to contain an estimated 6,091 tonnes of tantalum and 450,265 tonnes of lithium oxide (Li 2...

on 12/4/21

2 min read