Commencement of plant civil construction works

RNS Number : 1143Q

AfriTin Mining Ltd

04 June 2018

 

4 June 2018

AfriTin Mining Limited

("AfriTin" or the "Company")

Commencement of plant civil construction works

AfriTin Mining Limited (AIM: ATM), a mining company with a portfolio of near production tin assets in Namibia and South Africa, with the flagship asset being the Uis Tin Mine in Namibia, is pleased to announce an update on its operations.

Highlights

·      Appointment of contractors responsible for Phase 1 of the construction of plant civil works;

·      Immediate mobilisation of the contractors to site; and,

·      Construction targeted for  completion during Q3 2018.

Following a comprehensive tender process, the Company is pleased to announce the appointment of a civil works contractor, known as Ino Invest,  who will be responsible for the construction of the civil works required at the Uis mine.The construction is to be executed in accordance with the scope, description, drawings, specifications, delivery dates and terms and conditions provided by AfriTin's engineers.  Phase 1 is designed to process 500,000 tonnes per annum.

The commencement of construction of the civil works will involve the following:

·      Platforms and earthworks;

·      Upgrading and re-alignment of access and plant roads;

·      Run-of-mine tip retaining wall;

·      Bulk infrastructure; and,

·      Internal plant infrastructure;

The contractor is a local, Namibian company specialising in construction and project management.

Commenting on the appointment, CEO Anthony Viljoen stated, "I am very pleased to announce this appointment, signalling the beginning of mine construction, in what is another positive step in ensuring that planned production remains on track for commencement H2 2018. The appointment of local contractors attests to our commitment towards establishing Uis as a proudly Namibian operation.

We are confident in the contractor's ability to execute on the project and we look forward to construction commencing in the very near future."

Enquiries:

AfriTin Limited
Anthony Vijoen (CEO)	[phone]
Nominated Adviser and Joint Broker
WH Ireland Limited Katy Mitchell Adrian Hadden James Sinclair-Ford	[phone]
Joint Broker
NOVUM Securities Limited Jon Belliss	[phone]
Financial PR (United Kingdom)
Tavistock
Jos Simson / Barney Hayward	[phone]
Financial PR (South Africa)
Lifa Communications Cath Drummond / Gabriella von Ille	[phone]

Notes to editors

AfriTin Mining is the first pure tin company listed in London and its vision is to create a portfolio of world-class, conflict-free, tin producing assets. The Company's flagship asset is the Uis brownfield tin mine in Namibia, formerly the world's largest hard-rock tin mine.

AfriTin is managed by an experienced board of directors and management team with a current two-fold strategy: fast track Uis brownfield tin mine in Namibia to commercial production in 2018 ramping up to 5,000 tonnes of concentrate, and consolidation of other quality African tin assets. The Company strives to capitalise on the solid supply/demand fundamentals of tin by developing a critical mass of tin resource inventory, achieving production in the near term and further scaling production by consolidating tin assets in Africa.

 

END

 

 

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