TIDMATM
RNS Number : 3971Y
AfriTin Mining Ltd
09 September 2020
9 September 2020
AfriTin Mining Limited
("AfriTin" or the "Company")
Operational Update
AfriTin Mining Limited (AIM: ATM), an African tin mining company
with its flagship asset, the Uis Tin Mine ("Uis") in Namibia, is
pleased to provide an operational update.
Highlights:
-- Strict COVID-19 mitigation measures remain in place across
the Company to safeguard the workforce and, to date, no confirmed
cases have been reported at the Uis Tin Mine.
-- Modifications to address the bottlenecks in the fines
dewatering circuit of the processing plant have been completed;
and,
-- Despite shutdowns due to implementation of the plant
improvements, production of tin concentrate for August 2020
increased to 37.5 tonnes.
The health, safety and well-being of our employees, contractors
and the local community are of utmost importance to the Company. As
previously announced, strict COVID-19 mitigation measures have been
implemented across the Company and all necessary steps have been
taken to safeguard workforce . The Company is pleased to report
that there are still no confirmed cases of COVID-19 at the Uis Tin
Mine.
Modifications to address bottlenecks in the fines dewatering
circuit of the Uis processing plant are now complete. As a result
of higher than anticipated fines material in the run-of-mine feed,
improvements were required to rebalance material flows and expand
capacity related to the dewatering of grits (45 to 500 micron
particles) and slimes (smaller than 45 micron particles). It is
anticipated that these improvements will translate into increased
concentrator plant throughput from September 2020 onwards.
Due to the implementation of these improvements, an extended
maintenance shutdown of 4 days was required during August 2020.
Despite this, monthly production of tin concentrate from the Phase
1 mining and processing facility increased to 37.5 tonnes of tin
concentrate for the month, extending production gains made during
June and July 2020. The monthly production performance for 2020 is
tabulated below. For Stage I of Phase 1, the Company is targeting
the processing of 45,000 tonnes of ore per month, at a rate of 80
tonnes per hour, for the production of 60 tonnes of tin concentrate
per month.
With the main bottlenecks addressed, the Company will focus on
improving the availability and utilisation of the plant to support
the remainder of the production ramp-up. This includes additional
instrumentation and controls, optimisation of piping and valving
configurations, refining the density control in the dense medium
separation circuits, and installing an on-site laboratory.
Regular shipment of tin concentrate continues from Walvis Bay,
despite ongoing COVID-19 restrictions in Namibia and South Africa.
Tin concentrate production for the year to date totals 150
tonnes.
Table 1 : Monthly performance from the Uis Phase 1 pilot plant
during 2020.
2020
Jan Feb Mar Apr May Jun Jul Aug
Description Units *
------- ------- ------- ------ ------- ------- ------- -------
Plant Availability % 59% 60% 64% 59% 65% 69% 73% 72%
----------- ------- ------- ------- ------ ------- ------- ------- -------
Plant Utilisation % 58% 66% 68% 54% 70% 76% 88% 81%
----------- ------- ------- ------- ------ ------- ------- ------- -------
Plant Processing tonnes
Rate per hour 45 51 52 41 48 49 65 70
----------- ------- ------- ------- ------ ------- ------- ------- -------
Ore Processed tonnes 11,420 14,043 16,866 9,618 16,217 18,551 31,324 30,872
----------- ------- ------- ------- ------ ------- ------- ------- -------
Tin Concentrate tonnes 11.4 11.0 12.3 11.1 11.2 19.7 35.3 37.5
----------- ------- ------- ------- ------ ------- ------- ------- -------
Tin Contained
in Concentrate tonnes 7.4 7.1 8.4 7.7 7.2 12.6 22.7 25.6
----------- ------- ------- ------- ------ ------- ------- ------- -------
* Operations curtailed due to COVID-19 government lockdown
regulations
Change of Broker
The Company advises that Novum Securities has ceased to act as
broker to the Company with immediate effect.
Anthony Viljoen, CEO of AfriTin Mining Limited commented:
"We are pleased to have completed the bottleneck modifications
to the dewatering circuit on our plant and to have extended the
production increases of the past three months. We will now look to
leverage these circuit improvements to reach our Stage I production
target of 60 tonnes of concentrate per month in Q4 of 2020."
For further information, please visit www.afritinmining.com or
contact:
AfriTin Mining Limited
Anthony Viljoen, CEO +27 (11) 268 6555
Nominated Adviser
WH Ireland Limited
Katy Mitchell
James Sinclair-Ford +44 (0) 207 220 1666
Corporate Advisor and Joint Broker
Hannam & Partners
Andrew Chubb
Jay Ashfield
Nilesh Patel +44 (0) 20 7907 8500
Joint Broker
Turner Pope Investments
Andy Thacker +44 (0) 203 657 0050
Financial PR (United Kingdom)
Tavistock +44 (0) 207 920 3150
Jos Simson
Barney Hayward
The information contained within this announcement is deemed by
the Company to constitute inside information under the Market Abuse
Regulation (EU) No. 596/2014
About AfriTin Mining Limited
Notes to Editors
AfriTin Mining Limited is the first pure tin company listed in
London and its vision is to create a portfolio of globally
significant, conflict-free, tin-producing assets. The Company's
flagship asset is the Uis Tin Mine in Namibia, formerly the world's
largest hard-rock opencast tin mine.
AfriTin is managed by an experienced board of directors and
management team with a current two-fold strategy: fast-track Uis
Tin Mine in Namibia to commercial production as Phase 1, ramping up
to 5,000 tonnes of concentrate in a Phase 2 expansion. 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.
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END
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