AfriTin Mining Ltd Operational Update (0473C)

TIDMATM

RNS Number : 0473C

AfriTin Mining Ltd

17 January 2018

17 January 2018

AfriTin Mining Limited

("AfriTin" or the "Company")

Operational Update - Procurement of Equipment and Appointment of Engineering Firm

AfriTin Mining Limited (AIM:ATM), a mining company with a portfolio of near production tin assets in Namibia and South Africa, currently focussing on the Uis Tin Mine in Namibia, is pleased to provide an update on its operations. The Company has made good progress towards its objective of commercial production from the Uis mine later in the year.

Highlights

   --      Purchase of crushing equipment; 
   --      Site and infrastructure establishment, managed by AfriTin's in-house engineers. 

-- High-resolution satellite imagery purchased for ancillary infrastructure engineering design work.

Procurement of Equipment

The Company, through its Namibian subsidiary, Dawnmin Africa Investments (Pty) Ltd, this week purchased the entire front end crushing component for the processing circuit of the plant, located at the Uis Tin Mine.

The equipment includes a jaw crusher, three cone crushers, stacking and conveying equipment and the electrical switchgear. AfriTin has also appointed Crushplant & Utility Spares CC, a Namibian based engineering firm, specialising in the construction and installation of crushing equipment to match the equipment to the required specifications and associated installation at mine site.

The equipment purchased represents the entire comminution circuit for the Phase 1 processing plant from which the company estimates production of approximately 780 tonnes of tin concentrate per annum.

Civil Engineering design

The Afritin engineering team have begun work on the Infrastructure design for the plant design at Uis. The scope of the teams work includes civil, structural and mechanical designs and drafting. The planning work will be undertaken through the use of high resolution satellite imagery, that has already been purchased, and topographical interpretation is currently being prepared

Commenting Anthony Viljoen, CEO of AfriTin Mining, said: "I am pleased to be in a position to provide such a significant and positive operational update for the company, at such an early stage in its development. The comminution circuit purchased through Crushplant provides a turnkey package for the front end crushing end of the circuit and, as a result, comprises at least 30% of the required plant procurement.

The availability of the plant and suitably qualified engineers to prepare the plant for operations is a testament to Namibia being a favoured investment destination for the construction of large projects of this nature. The engineering team have also begun work procuring the ancillary infrastructure for the plant, that will make use of high-resolution satellite imagery to identify, design and begin construction of the plant site. AfriTin looks forward to providing further updates on the progression of the mine development".

Enquiries: [e-mail]

 
AfriTin Limited 
Anthony Viljoen (CEO)          [phone] 
 
Nominated Adviser and Broker 
WH Ireland Limited 
 Katy Mitchell 
 Adrian Hadden                   [phone] 
 James Sinclair-Ford 
 
 Joint Broker 
 Beaufort Securities Limited 
 Jon Belliss                     [phone] 
 
  Financial Public Relations 
Tavistock 
Jos Simson / Barney Hayward    [phone] 
 

Notes to editors

AfriTin Mining is the first pure tin company listed in London and its vision is to create a portfolio of world-class, conflict-free, tin producing assets.. The company's flagship asset is the Uis brownfield tin mine in Namibia, formerly the world's largest hard-rock tin mine. AfriTin is managed by a highly experienced board of directors and management team with a current two-fold strategy: fast track Uis brownfield tin mine in Namibia to commercial production in 2018 ramping up to 5,000 tonnes of concentrate, and consolidation of other quality African tin assets. The Company strives to capitalise on the solid supply/demand fundamentals of tin by developing a critical mass of tin resource inventory, achieving production in the near term and further scaling production by consolidating tin assets in Africa.

This information is provided by RNS

The company news service from the London Stock Exchange

END

UPDBUGDBIDBBGIL

(END) Dow Jones Newswires

January 17, 2018 02:00 ET (07:00 GMT)