viewAfriTin Mining Ltd

AfriTin Mining beats production targets as tin price hits 10-year high

AfrrTin is building up a strong track record of production at Uis

AfriTin Mining Ltd -

AfriTin Mining Ltd (LON:ATM) produced 183 tonnes of tin concentrate from its Uis mine in Namibia during the first quarter of the 2022 financial year.

The concentrate contained 114 tonnes of tin metal and exceeded the production target.

The tin concentrate was shipped to Thailand and off-take pre-payments continue.

Meanwhile, the company is proceeding with the implementation of the Uis Phase 1 expansion project, which could potentially result in a 67% increase in tin concentrate production.

By-product test work on tantalum and lithium oxide is also progressing as planned, with the aim of realising additional revenue streams.

"AfriTin has seen a successful start to the 2022 financial year,” said chief executive Anthony Viljoen.

“We are delighted to release our first quarterly update for the year demonstrating that the company is achieving its internal monthly production targets at our flagship Uis tin mine. These positive production results have coincided with 10-year high tin prices.”


Quick facts: AfriTin Mining Ltd


Price: 5.3325 GBX

Market Cap: £59.32 m

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