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

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

Follow
AIM:ATM

Price: 5.3325 GBX

Market Cap: £59.32 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