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Share Price Information for Andrada Mining. (ATM)

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Share Price: 4.85
Bid: 4.70
Ask: 5.00
Change: -0.05 (-1.02%)
Spread: 0.30 (6.383%)
Open: 4.90
High: 4.90
Low: 4.85
Prev. Close: 4.90
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AfriTin Confident On Future Of Uis Mine Following Further Discoveries

Tue, 07th Aug 2018 11:34

LONDON (Alliance News) - AfriTin Mining Ltd said on Tuesday it has found numerous cases of surface mineralisation at its Uis tin mine in Namibia.

AfriTin said it has delineated 180 new pegmatite bodies on on ML134 licence area, all of which are within five kilometres of the plant location.

Of these, some 95% show visible cassiterite, a tin oxide mineral, at the surface. Further, water well drilling found a pegmatite body 67 metres long from a depth of 14 metres.

AfriTin said the pegmatites were up to 50 metres wide and strike lengths ranged from 20 metres to around a kilometre, and some of the sites showed old artisanal workings.

Some of these new pegmatite bodies have since been chosen as high-priority targets for evaluation work in the near future.

Chief Executive Anthony Viljoen said: "The results of this mapping programme have been very encouraging. Not only do we have confirmation of the extent of the mineralisation in the V1/V2 pit, where we will commence phase one mining operations, but extensive examples of further mineralisation across the 197 kilometre squared mining licence area.

"Intersecting part of a new 67 metre pegmatite body while drilling for a water borehole is an encouraging example of how exploration drives mining growth and how AfriTin intends growing the company. Identification of further areas for future exploration confirms our belief Uis is part of a significant tin province, with AfriTin leading the way in terms of its development."

Shares in the company were 2.3% higher on Tuesday at a price of 3.28 pence each.

More News
6 Nov 2018 12:22

AfriTin Starts Validation And Exploration Drilling At Uis, Namibia

LONDON (Alliance News) - AfriTin Mining Ltd said Tuesday it started a phase one validation and exploration drilling at the Uis tin mine in Namibia.The programme is aiming to upgrade an data

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25 Oct 2018 12:38

AfriTin Mining To Start Processing Plant Construction At Uis Tin Mine

LONDON (Alliance News) - Tin miner AfriTin Mining Ltd said Thursday it has completed construction of the civil earthworks and platforms at the Uis tin mine in Namibia.This has allowed to of

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24 Oct 2018 10:36

AfriTin Expects "Transformational" Six Months After Posting Loss

LONDON (Alliance News) - AfriTin Mining Ltd said Wednesday that the second half of its financial year will be "transformational" as it recorded a loss for the first half.For the a

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2 Oct 2018 10:21

AfriTin Mining To Acquire Two Mining Assets In Namibia For GBP850,000 (ALLISS)

LONDON (Alliance News) - AfriTin Mining Ltd said on Tuesday it has agreed to acquire Tantalum Investment (Pty) Ltd from Jan Jonathan Serfontein for GBP850,000, through the issue of 25.0 million at

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2 Oct 2018 08:24

AfriTin Mining acquires Tantalum Investment's tin-tungsten licenses

(Sharecast News) - AfriTin Mining has agreed to acquire African-focused exploration and development outfit Tantalum Investment for a total of £850,000.

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8 Aug 2018 16:19

UK Shareholder Meetings Calendar - Next 7 Days

Thursday 9 AugustNextenergy Solar FundPremier African MineralsFriday 10 events 13 events 14 15

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21 Jun 2018 13:04

Naminco Lowers Stake In AfriTin Mining To 18% From 25% (ALLISS)

LONDON (Alliance News) - AfriTin Mining Ltd said Thursday that Naminco Ltd had decreased its stake in the African tin mining company to 18% after a transaction last Friday.Naminco lowered a

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23 May 2018 13:57

UPDATE: AfriTin Mining Raises GBP5.5 Million Through Fundraise (ALLISS)

LONDON (Alliance News) - AfriTin Mining Ltd said on Wednesday it has raised GBP5.5 million through a placing and subscription of 223.6 million shares at a price of 2.7 pence per in the tin-focused

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23 May 2018 12:28

AfriTin Mining To Raise GBP5.5 Million Via Share Placing, Subscription (ALLISS)

LONDON (Alliance News) - AfriTin Mining Ltd said on Wednesday it intends to raise GBP5.5 million through placing and subscription of new shares.The company plans to issue shares at a price

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4 Apr 2018 11:37

AfriTin Completes Mine Design For V1 And V2 Pegmatite Bodies At Uis

LONDON (Alliance News) - AfriTin Mining Ltd said on Wednesday it has completed a detailed mine design over the priority V1 and V2 pegmatite bodies in the flagship Uis Tin the

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4 Apr 2018 07:50

Australia shares gain for first day in 4; NZ also up

* Aussie and NZ shares of a2 Milk among top gainers on both benchmarks * CBA, NAB and Westpac reverse trend to end higher (Updates to close) By Susan Mathew April 4 (Reuters)

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4 Apr 2018 04:10

Australia shares ease for 4th day as financials drag; NZ higher

* ANZ falls for the eighth straight day * Fonterra slightly lower after NZ milk production falls in Feb By Susan Mathew April 4 (Reuters) - Australian shares eased for a day a

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29 Mar 2018 02:27

Australia shares edge lower after volatile Wall Street finish; NZ down

By Aditya Soni March 29 (Reuters) - Australian shares were slightly weaker in thin pre-holiday trade on Thursday, as softer iron ore prices weighed on materials stocks and following a 200 a

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27 Mar 2018 06:51

Australia shares bounce on easing trade war worries; NZ rises too

* Aussie shares erase previous day's losses * Materials, industrials lead gains on ASX * Consumer staples, utilities boost NZ shares (Updates to close) March 27 (Reuters)

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