Aim-listed AfriTin Mining’s tin production increased by 20% quarter-on-quarter to 136 t, with ore tonnes processed having increased by 17% quarter-on-quarter to 149 000 t.
The African tech-minerals miner’s all-in sustaining costs (AISC) for the Uis mine improved by 22% quarter-on-quarter to about $23 000 for the quarter ended November 30.
During the same period, workstreams for an enhanced, large-scale Uis Phase 2 expansion have started, which include exploration drilling targeting resource expansion to 150-million tonnes of ore and metallurgical test work and piloting for lithium and tantalum by-products.
As such, construction of the Uis Phase 1 expansion project is on track and on budget, the miner confirmed on December 15.
CEO Anthony Viljoen, meanwhile, said the operational results exceeded the miner’s internal production targets, and said the sustained improvements in operational efficiencies have resulted in “substantial increases in ore processed and concentrate produced”.