Modern Mining March 2021

Target production exceeded at Uis Tin Mine

online. Our positive production results have coincided with a strong tin price. The LME three-month tin price hit its 10-year high in February 2021 after unprecedented turbulence, triggered by low stocks with no sign of relief from a constrained physical supply chain. “The global pandemic continues to affect businesses worldwide, yet by imple- menting all necessary safety protocols, we have minimised its impact on our produc- tion. I commend the teams working on-site for all we have achieved in this time. Our plan remains to become a large-scale, multi-stream, mining and processing facil- ity, and we look forward to sharing these developments with the market.” 

AfriTin Mining Limited (AIM: ATM) reports that its Uis Tin Mine successfully main- tained a production level above its steady state target during Q4 of the 2021 financial year. During the quarter under review, Uis surpassed the target of 180 tonnes of tin concentrate to produce 194,5 tonnes (con- taining 126,2 tonnes of tin metal), a 28% improvement on the previous quarter. The production level achieved in Q4 represents approximately 108% of the Stage I quarterly target in terms of tin con- centrate produced and 117% of the Stage I quarterly target in terms of tin contained in concentrate. The quarterly production per- formance for the 2021 financial year is tabulated below. Tin concentrate produc-

lum minerals from the tin concentrate and will update the market with the results of this test work in due course. Anthony Viljoen, CEO of AfriTin Mining Limited, comments: “After reaching name- plate capacity in November 2020, the team at AfriTin continues to optimise and develop our flagship asset, the Uis Tin Mine. We are delighted to release our first quarterly production update and demon- strate that the company is operating 108% beyond our production targets for Stage I. Our work is far from complete as we look to incrementally expand our processing plant and bring additional concentrate streams

tion for the 2021 financial year totalled 473 tonnes, for a total of 311,7 tonnes of contained tin metal. The Company continues to achieve an average pay- ability of 94% (referring to the percentage of the LME tin price realised for the tin contained in concentrate). The concen- trate continues to be largely free of deleterious elements, resulting in a high grade, clean concentrate. AfriTin is committed to fur- ther optimisation and expansion of the operation. The company plans to develop a modular expansion of the pilot plant, and production of by-products in the form of tantalum and lithium concentrates. The company is currently conducting test work to investigate the feasibility of magnetically separating tanta-

Uis surpassed the target of 180 tonnes of tin concentrate to produce 194,5 tonnes.

March 2021  MODERN MINING  9