LONDON (Alliance News) - AfriTin Mining Ltd on Monday said it discovered "significant" grades of lithium, in addition to tin, at the ML 133 Licence, in Namibia.
The company said that testing from the ML 133 licence "warrants further investigation" after the recovery of lithium minerals, specifically petalite, in pegmatites of the area. The license is just outside of the company's current development area at its flagship Uis tin mine.
Five samples were obtained from the area, indicating significant tin mineralisation, with grades averaging 0.274% tin, the firm said.
Furthermore, in addition to the tin mineralisation, grab samples indicated potential for lithium mineralisation with assay results ranging between 0.28% and 3.93% lithium.
AfriTin shares were trading up 6.7% at 4.00 pence each.
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