Name of the Project
Uis tin project.

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

Client
AfriTin Mining.

Project Description
Uis has a non-Joint Ore Reserves Committee-compliant resource of 73-million tonnes, grading at 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 Uis 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/V2 pits.

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

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Value
Not stated.

Duration
Production is scheduled for the second half of 2018.

Latest Developments
AfriTin Mining hopes to raise £5.5-million in an accelerated bookbuild to fast-track the work programme at its flagship Uis mine.

The fundraising follows a successful six months since AfriTin’s admission to Aim in November and the company is generating support from new and existing shareholders.

The work programme at Uis includes an exploration drilling programme and geoscientific work to declare a Joint Ore Reserves Committee-compliant resource.

“It is anticipated that the programme will confirm the historical mineral resources as published by consultancy SRK Consulting in 1987,” AfriTin has said.

The exploitation drilling programme will require the procurement of geological equipment, drilling into the V1/V2 pegmatite and other pegmatites (to expand the resource base), sample analysis, geological modelling and reporting.

The work programme also includes a bankable feasibility study for the final mine configuration. This will require geometallurgical characterisation, metallurgical testwork and process flow design.

Additionally, the company will incorporate upgrades to the process design of the Phase 1 plant to improve the planned beneficiation performance. The intention is that these upgrades will involve the addition of a fourth crushing stage and a second stage in the dense-media separation circuit, as well as dewatering equipment to improve the planned process water recovery.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

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