Andrada Mining Share Discussion Threads

[lasata] 06/5/2022 11:26

From the tin association:

AfriTin PEA plots route to major tin producer

26 April: AfriTin Mining has announced the results of the Preliminary Economic Assessment (PEA) of its Phase 2 expansion at its Uis mine. With forecast output of 9,000 tonnes tin-in-concentrate, Uis could become one of the largest tin mines in the world.

The Uis mine, located in Nambia, was historically operated between 1958 and 1991. Since acquiring the project, Afritin has begun to re-establish the mine using a two-phased approach.

Since 2019, AfriTin has operated Uis as a tin project. In this initial Phase of the redevelopment, Uis has produced some 500 tonnes of tin-in-concentrate annually. There are plans to expand the product range to include lithium and tantalum.

The success of tin production in Phase 1 has enabled Afritin to begin working on the second phase of development. Today’s PEA results represent the first step of this expansion.

The Phase 2 expansion sees Uis output rising to some 9,000 tonnes of tin-in-concentrate annually. Along with 1,000 tonnes of tantalum concentrate and 450,000 tonnes of 4% lithium petalite concentrate. Based on tin prices of US$ 40,500/tonne, the Phase 2 mine is forecast to record revenue of US$ 880 million annually and has a Net Present Value (NPV8%) of some US$ 2.1 billion.

With an initial CAPEX of US$ 440 million, Phase 2 is a significant investment. However, AfriTin forecasts a 1.5-year payback period, based on the significant aforementioned revenue. Phase 2 work is scheduled to take place between Q4 2023 – when the Phase 1 Expansion finishes – and 2026, when AfriTin aims to bring the expanded processing plant online. Further drilling is planned to expand the mineral resource, as well as further metallurgical testing to optimize by-product recovery.

Our view: Phase 2 expansion is an exciting step for AfriTin. Planned output of 9,000 tonnes tin-in-concentrate would place Uis amongst the largest mines globally. This additional tonnage will help to reduce the deficit between demand and production of refined tin, although the market is forecast to remain tight.

[a2584728] 06/5/2022 09:48

Just added more

[nicosevos] 05/5/2022 09:44

News, on the progress of phase one, would be good....
gla

[ukgeorge] 05/5/2022 09:39

Perfect back test of the previous highs from March and May 2021. Fingers crossed it is now decent support. Wouldn't be surprised if the share price just consolidates for a few months.

[a2584728] 05/5/2022 09:29

Ridiculous share price reversal

[ukgeorge] 05/5/2022 09:14

I guess a major problem is that they need to raise so much money to advance the next phase. Hopefully however they do this doesn't result in current holders getting to screwed over. The management own a good chunk of the company so fingers crossed they will find a good deal for all.

I would think someone like Orion resource partners might be interested.

I really hope they are going to put a couple of drill holes into the new lithium find.

[nicosevos] 29/4/2022 07:21

Phase one is a huge step up.......


Uis Mine (Mining Licence ML 134):

o Current mining operation at Uis Mine is producing 850 tpa of tin concentrate;

o Continued expansion of current operation aims to increase tin concentrate production up to 2,800 tpa; in addition, lithium concentrate production of 60,000 tpa and tantalum concentrate production of 45 tpa will commence;

o Phase 2 feasibility studies for larger-scale 10 Mtpa ROM operation underway;

[lasata] 28/4/2022 08:07

Bids hit $5,650/dmt in Pilbara Minerals’ fourth spodumene auction
Bids reached $5,650 per dry metric tonne (dmt) during Australian miner Pilbara Minerals’ fourth spodumene concentrate auction, held via its Battery Material Exchange (BMX) platform on Wednesday April 27, market sources told Fastmarkets.

The bids were for 5,000 dmt of spodumene concentrate (SC 5.5% basis) on an fob Port Hedland basis with shipment in June, said.

[ukgeorge] 26/4/2022 13:23

Fingers crossed that you are right :) seems to be heading the right direction. Afritin were presenting this morning and have some meetings this week so hopefully getting the story out there.

[lasata] 26/4/2022 13:06

Think new highs may arrive here before too long...as today's report is digested more widely

[lasata] 26/4/2022 12:22

UKG....impressive report thank you.

[ukgeorge] 26/4/2022 11:09

Hannam & Partners 24.7p target

AfriTin Mining (“ATM”) has released a Preliminary Economic Assessment
(“PEA”) on a potential Phase 2 expansion of its flagship Uis project in Namibia.
The study delivered a staggering US$2.1bn post-tax NPV on Phase 2, based on an
assumed 10Mtpa run-of-mine operation producing ~15ktpa of tin concentrate
alongside 450ktpa of “by-product221; petalite lithium concentrate and 1ktpa of
tantalum concentrate. The PEA is by definition an early-stage study and uses
non-JORC compliant Reserve (134Mt) and Resource (206Mt) tonnage targets, as
well as applying (roughly) current spot tin and lithium prices. However, we
believe estimated capex of US$440m and opex of US$35/ROM tonne (all-in)
appear conservative relative to our forecasts, and should carry a greater level of
certainty given ATM’s experience in constructing and operating the Phase 1
project. Indeed, with the PEA showing higher estimated tin and lithium output vs
H&Pe, the US$2.10bn Phase 2 NPV exceeds the ~US$1.64bn NPV our model
would generate, if we were to apply ATM’s pricing and WACC inputs, all else
equal. This suggests upside risk to our GBp 24.7/sh target valuation, which
currently includes just US$273m in risked value for Phase 2

[ukgeorge] 26/4/2022 10:14

I wouldn't think glencore, much more likely to be a chinese company. Of western companies maybe Sibanye give their SA links but they have invested in a couple of li plays already. Rio has gone for south America.

[a2584728] 26/4/2022 08:47

This company has to be a TO target at the current price. ??? Glencore may be interested as trying to reduce reliance on coal

[lasata] 26/4/2022 08:00

Test work for a lithium product in the form of petalite concentrate is in progress with FT Geolabs (South Africa), Nagrom (Australia) and Anzaplan (Germany). In parallel, the Company intends to appoint an EPCM contractor for the construction and commissioning of a bulk test facility at Uis, to enable the pilot production of a 4.0% Li(2) O petalite concentrate that could potentially be sold into both the technical market (glass/ceramics) and the chemical market (converters to lithium carbonate/hydroxide).

[mold breaker] 26/4/2022 07:55

All moving along nicely. Just need some timescales for Phase2.

[lasata] 26/4/2022 07:50

Anthony Viljoen (CEO) commented:

"I am delighted to present the preliminary economic assessment for Phase 2 at our flagship Uis asset in Namibia. This PEA shows outstanding economics and returns for the expansion and allows us to move forward with excitement to a full bankable feasibility. The fact we have successfully brought phase 1 into production allows us to significantly de-risk phase 2 from the considerable learnings in building a new mine. Phase 2 will see AfriTin produce globally significant volumes of tin, lithium and tantalum which are vital in meeting the demands of the transition to a new efficient greener technology future."

[lasata] 20/4/2022 12:46

Yunnan #Tin facing triple headwinds of Covid shutdowns, reduced concentrate feed from Myanmar and dropping grades at Geiju. I have visited the Geiju Mine and it is one of the truly great tin deposits globally. Going the same way as San Rafael in Peru - lower grades, higher costs.

[a2584728] 20/4/2022 11:21

CSFS top of risers today. If you had a go I am pleased it's working for you.

[ukgeorge] 19/4/2022 18:01

Roll on 10p being smashed soon :) one good drill hole and this doubles

[weyweyumfozo] 19/4/2022 15:12

They should be able to comment on an updated resource estimate by then.

[ukgeorge] 19/4/2022 12:06

Hannam & Partners

Upcoming Roadshows

• AfriTin Mining: 25-29th April

[lasata] 14/4/2022 19:08

A good lithium read...

[diamond1] 14/4/2022 11:20

Strange switch from all sells, to all buys at 09-48 am today.