Business
Uis Tin Mine Operational Update
Uis Tin Mine Operational Update.
About this update from Andrada Mining Limited
[{"type":"text","content":"\n \nRNS Number : 2749D AfriTin Mining Ltd 18 February 2020 \n\n18 February 2020\nAfriTin Mining Limited\n(\"AfriTin\" or the \"Company\")\nUis Tin Mine Operational Update\nAfriTin Mining Limited (AIM: ATM), a tin mining company with a portfolio of assets in Namibia and South Africa, is pleased to provide an operational update relating to its Phase 1 Pilot Plant project (\"Processing Plant\") at its flagship asset, the Uis Tin Mine (\"Uis\") in Namibia.\nHighlights\n▪ Maiden sale of tin concentrate concluded;\n▪ Second shipment of tin concentrate has been dispatched from the Uis mine;\n▪ Processing plant throughput increased by an average of 63% month-on-month from November 2019 to January 2020;\n▪ Debottlenecking of and enhancements to the Processing Plant underway to increase throughput and achieve nameplate production of 60 tonnes of tin concentrate per month; and, \n▪ Appointment of Mr. Nico Smit as Vice President of Operations and Projects.\nThe first shipment of tin concentrate (6 tonnes grading more than 60% Sn metal contained) has now been delivered to Thailand Smelting and Refining Company (\"Thaisarco\") according to the terms of the offtake agreement, as announced in August 2019. The concentrate was produced by the Company's Phase 1 pilot mining and processing facility at Uis during October and November 2019.\nA second shipment of 20 tonnes of tin concentrate has been dispatched from the mine. The concentrate is trucked to the port of Walvis Bay in Namibia, then shipped to Thailand. The offtake agreement provides for an 80% prepayment for each shipment upon bill of lading in Walvis Bay.\nFollowing initial production of tin concentrate, processing plant throughput has increased by an average of 63% month-on-month from 4,300 tonnes of ore in November 2019, to 5,800 tonnes in December 2019, and to 11,400 tonnes in January 2020. The Company expects to continue to ramp-up plant production over the next six months to nameplate of 45,000 tonnes of ore to the plant and the production of 60 tonnes of tin concentrate per month. \nThe ramp-up is supported by a number of operational commissioning initiatives including:\n· Transition from the current six-day plant roster to a continu...