AfriTin Mining Ltd (AIM:ATM, FRA:9IA) (AIM:ATM) has updated on its lithium and tantalum by-product development programme at the Uis mine in Namibia.
Preliminary results from lithium beneficiation test work indicate substantial upgrade potential, and accordingly tantalum by-product development is progressing to the pilot processing design phase.
Meanwhile, AfriTin has initiated an 8,000-metre lithium and tantalum exploration drilling programme to take place over the next 12 months.
"AfriTin has displayed its ability to bring mineral deposits into production by declaring an ore reserve for tin and bringing the Phase 1 pilot plant into operational profitability at our flagship Uis Mine,” said AfriTin chief executive Anthony Viljoen.
“The metallurgical test work and exploration programmes being announced today have been designed to increase the confidence levels of lithium and tantalum by-product potential and move towards the realisation of additional revenue streams. We are excited about the opportunity to diversify and consolidate our tech-metal exposure."
Uis already boasts an existing tin, tantalum and lithium JORC resource.