Potential lithium extraction – AfriTin
JOHANNESBURG (miningweekly.com) – An internal review has shown the potential extraction of lithium as an additional revenue stream along with tantalum, London Aim-listed tin mining company AfriTin announced on Tuesday.
The London Aim-listed company's fourth shipment of tin concentrate was dispatched this month.
Providing an operational update and a first phase review of the company’s Uis tin mine in Namibia, AfriTin CEO Anthony Viljoen stated that the internal review should also see increased production capacity.
“We’re working hard to optimise the pilot plant,” he said.
Mining Weekly can report that phase 1 of the pilot plant is designed to deliver early positive cash flows, while demonstrating the feasibility of a much larger second phase mine development on Uis’ multi-commodity deposit.
AfriTin stated in a media release that the results of the internal financial model indicated that the plant, with a few modifications, had the capability and potential of producing a 60% internal rate of return (IRR) and a net present value (NPV) of $122-million for all stages of phase 1.
The increased IRR and NPV potential, the company stated, had been calculated on the basis of 50% increased production capacity and improved recoveries beyond initial design capacity.
The long-term focus of ramping up phase 2 and ultimately being responsible for 1% of global tin supply was reiterated as mining operations returned fully after the easing of Covid-19 lockdown measures in Namibia and the strict Covid-19 mitigation measures that had been implemented across the company to safeguard the workforce.
Delayed phase 1 pilot plant throughput had, the company said, increased steadily month-on-month and optimisation work had resumed to reach design capacity.
Further expansion of tin and tantalum concentrate production had been achieved and lithium ore was being processed to generate a new by-product revenue stream.
Uis’ compliant mineral resource has 95 539 t of tin, 6 091 t of tantalum and 450 265 t of lithium oxide.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation