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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  AfriTin Mining Ltd    ATM   GG00BD95V148

AFRITIN MINING LTD

(ATM)
Delayed Quote. Delayed London Stock Exchange - 05/23 11:35:03 am
3.11 GBp   -4.31%
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AfriTin Mining : announces first large-scale blast at Uis tin mine

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12/07/2018 | 06:33am EDT

AfriTin Mining Limited (LON:ATM) said the first large-scale blast has taken place at its Uis tin mine in Namibia.

The blast is part of the phase 1 pilot production at the site, with the mining firm saying first ore had been produced from the site and was now being prepared and stockpiled to await completion of the phase 1 processing plant.

Activities at the site also included the running of first ore through the front-end comminution and crushing circuit, with ongoing tandem drilling on schedule to make the historic resource at the site JORC compliant.

Uis is formerly the worlds largest hard-rock tin mine, with AfriTins phase 1 pilot processing plant designed to process around 500,000 tonnes of ore per annum producing 60 tonnes of tin concentrate per month as part of the phase.

The second phase will comprise the planned operation of a 3mln tonne per annum processing facility, producing around 5,000 tonnes of tin concentrate per annum.

The company added that the first blast had been marked by a ceremony attended by the Namibian Minister of Mines and Energy, Tom Alweendo.

Anthony Viljoen, chief executive of AfriTin, said the blast was the first at the site since the mine closed in 1991, adding that the news was a big step forward in bringing Uis back into production and generating revenues.

(c) The Observer 2018 Observer Media Ltd. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Managers
NameTitle
Anthony Richard Viljoen Chief Executive Officer & Director
Glen William Parsons Chairman
Frans van Daalen Chief Operating Officer
Robert Sewell Chief Financial Officer
Laurence John Robb Non-Executive Director
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