JOHANNESBURG (miningweekly.com) – Since being admitted to shares trading, Aim-listed AfriTin Mining is now positioned to expand the pilot plant at Uis tin mine, in western Namibia’s Erongo region, into a commercial operation, before completion of a definitive feasibility study for full-scale production.
In the six months to August, the company successfully raised £4.5-million in equity and convertible loan notes.
CEO Anthony Viljoen noted that, although AfriTin is facing a difficult market, the company has built a strong management team who is able to bring the Uis tin mine into production.
The miner now aims to become a primary producer of tin metal and concentrate and, through a consolidation of further assets and potential smelting facilities, a global tin explorer and producer with a relative bias towards Africa.
The company aims to expand plant production to up to 5 000 t/y of tin concentrate, grading 65% tin.
The critical component of this strategy lies in the upgrading of the current pilot plant operation into a producer of 65 t/m of tin concentrate.