ops update rns25 Oct 2018 13:13
Highlights
· Completion of the civil earthworks and platforms;
· Commencement of the steel framework construction and equipment installation of the Phase 1 processing plant; and
· Preparation of the first run-of-mine feed to the plant.
Following the start of the civil construction works in June 2018, the main earthworks and civil platforms have been completed, enabling the company to progress the steel construction and installation of the processing equipment. The Directors expect that the Phase 1 pilot processing plant will process approximately 500,000 tonnes per annum producing around 60 tonnes of tin concentrate per month. The plant will consist of a 4-stage crushing plant and concentrator, employing dense media separation and gravity concentration circuits.
The mining operation has been designed to provide run-of-mine feed to the plant based on the historical reserve statement prepared by SRK Consulting for ISCOR in 1989. The Company expects to employ contract mining services for drilling, blasting, loading and hauling of mining material.
The Directors expect that the Phase 1 plant, in conjunction with further testing, will provide the Company a seamless transition to a bankable feasibility study for Phase 2. This will comprise a planned operation of a 3 million tonne per annum processing facility, producing approximately 5,500 tonnes per annum of tin concentrate.
An operational video, presenting updates on the progression at Uis, can be found at https://youtu.be/ngR6-IiemnU
Commenting on the developments CEO Anthony Viljoen stated,
"We are pleased to present further progress at Uis and are now a step closer to producing first tin. The Company remains well positioned to take advantage of the exciting opportunities emerging in the tin market.
We look forward to announcing further updates on our development milestones as we advance the Uis Tin Project towards production and ultimately a large-scale tin producer."
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