Afritin lifts confidence in concentrate quality from Uis property

Uis Mine, Namibia

AFRITIN Mining (Afritin), the UK-listed mining development company, said initial test results from its Uis property in Namibia confirmed potential for high grade tin concentrate to be produced at the mine.

“The excellent recoveries achieved in this bulk test work highlight the potential of concentrating mined material, to produce the output of tin concentrate from a significant tin and multi commodity deposit outlined at IPO,” said Anthony Viljoen, CEO of Afritin. Afritin raised £4.5m when it listed in London in the latter half of last year.

“The completion of this test work has been a key element of the final design for our phase one processing plant at the historic Uis mine and bodes well for the expansion during phase two of the project which envisages a full-scale production facility of three million tonnes of ore per annum,” he added in an announcement.

The company was on target for the production of first tin concentrate during the fourth quarter of this year.

In May, Afritin said it would raise £5.5m through a book-build programme. Shares were to be issued at a price of 2.7 pence/share – a 26% discount to Afritin’s closing price as of May 22. The company also announced in that month that Terence Goodlace, formerly the CEO of Impala Platinum, had joined the board as a non-executive director.