Name of the Project
Uis tin project.

Location
The Uis project consists of three project areas in the Erongo region of Namibia.

Project Owner/s
AfriTin Mining.

Project Description
Uis has a non-Joint Ore Reserves Committee- (Jorc-) compliant resource of 73-million tonnes grading 0.136% tin and an additional 2.7-million tonnes at 0.015% tantalum pentoxide. AfriTin has undertaken a detailed mine design for the V1 and V2 pegmatite bodies, previously identified as priority targets, to supply feed to the new intermediary processing plant.

The design of the proposed tin mine includes an initial five-year mine production schedule to start operations on the outcropping pegmatite bodies and existing excavations of the historical V1 and V2 pits.

This in-house mine plan supports an overburden stripping ratio (overburden-to-ore) of less than one and a fast ramp-up profile using conventional openpit mining methods.

Material will be liberated using drill-and-blast methods, while excavators and articulated dump trucks will be used to load and haul the ore.

The run-of-mine feed to the processing plant for this phase of development (Phase 1) is planned at 500 000 t/y, with expected production of 800 t/y of saleable tin concentrate. The target for the following phase is 5 000 t/y of tin concentrate.

The processing plant will be located close to the V1 and V2 pegmatite orebodies.

Other potentially viable metals include tantalum, niobium, lithium, beryllium and muscovite.

Potential Job Creation
AfriTin is recruiting operational personnel, with about one-third of the total planned complement of 90 people having been appointed, including the entire management team.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
Not stated.

Planned Start /End Date
Not stated.

Latest Developments
AfriTin Mining has received the second batch of assay results as part of a resource validation drilling programme at the Uis tin mine.

The programme is aimed at validating the historical information disclosed by SRK in 1985 and designed to support the declaration of a maiden, Joint Ore Reserves Committee-compliant mineral resource estimate on the V1 and V2 pegmatites at the mine.

Significant intersections include 30.32 m at 0.20% tin and 91 parts per million (ppm) tantalum in drill hole V1V2008; 109.32 m at 0.17% tin and 77 ppm tantalum in drill hole V1V2010; and 53.83 m at 0.16% tin and 73 ppm tantalum in drill hole V1V20011.

The intersections indicate an increase in the thickness of the pegmatites with depth – a trend that is also reflected in the historic drill programme.

Key Contracts and Suppliers
MRI (buying station).

On Budget and on Time?
Not stated.

Contact Details for Project Information
AfriTin Mining, tel +27 11 268 6555.