Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAndrada Mining Regulatory News (ATM)

Share Price Information for Andrada Mining (ATM)

Share Price is delayed by 15 minutes
Get Live Data
3.70    -0.10 (-2.63%)
Bid:
3.60
Ask:
3.80
Spread: 0.20 (5.556%)
Market Cap: £81.36m
ATM Live PriceLast checked at - London Stock Exchange

Intraday Andrada Mining Share Chart

Operational Update

17 Jan 2018 07:00

RNS Number : 0473C
AfriTin Mining Ltd
17 January 2018
Β 

17 January 2018

AfriTin Mining Limited

("AfriTin" or the "Company")

Operational Update - Procurement of Equipment and Appointment of Engineering Firm

AfriTin Mining Limited (AIM:ATM), a mining company with a portfolio of near production tin assets in Namibia and South Africa, currently focussing on the Uis Tin Mine in Namibia, is pleased to provide an update on its operations. The Company has made good progress towards its objective of commercial production from the Uis mine later in the year.

Highlights

Β· Purchase of crushing equipment;

Β· Site and infrastructure establishment, managed by AfriTin's in-house engineers.

Β· High-resolution satellite imagery purchased for ancillary infrastructure engineering design work.

Procurement of Equipment

The Company, through its Namibian subsidiary, Dawnmin Africa Investments (Pty) Ltd, this week purchased the entire front end crushing component for the processing circuit of the plant, located at the Uis Tin Mine.

The equipment includes a jaw crusher, three cone crushers, stacking and conveying equipment and the electrical switchgear. AfriTin has also appointed Crushplant & Utility Spares CC, a Namibian based engineering firm, specialising in the construction and installation of crushing equipment to match the equipment to the required specifications and associated installation at mine site.

The equipment purchased represents the entire comminution circuit for the Phase 1 processing plant from which the company estimates production of approximately 780 tonnes of tin concentrate per annum.

Civil Engineering design

The Afritin engineering team have begun work on the Infrastructure design for the plant design at Uis. The scope of the teams work includes civil, structural and mechanical designs and drafting. The planning work will be undertaken through the use of high resolution satellite imagery, that has already been purchased, and topographical interpretation is currently being prepared

Β 

Commenting Anthony Viljoen, CEO of AfriTin Mining, said: "I am pleased to be in a position to provide such a significant and positive operational update for the company, at such an early stage in its development. The comminution circuit purchased through Crushplant provides a turnkey package for the front end crushing end of the circuit and, as a result, comprises at least 30% of the required plant procurement.

Β 

The availability of the plant and suitably qualified engineers to prepare the plant for operations is a testament to Namibia being a favoured investment destination for the construction of large projects of this nature. The engineering team have also begun work procuring the ancillary infrastructure for the plant, that will make use of high-resolution satellite imagery to identify, design and begin construction of the plant site. AfriTin looks forward to providing further updates on the progression of the mine development".

Β 

Enquiries: info@afritinmining.com

AfriTin Limited

Anthony Viljoen (CEO)

+27 (11) 268 6555

Nominated AdviserΒ and Broker

WH Ireland Limited

Katy Mitchell

Adrian Hadden

James Sinclair-Ford

Β 

Joint BrokerΒ 

Beaufort Securities Limited

Jon Belliss

Β 

Β 

+44 (0) 207 220 1666

Β 

Β 

Β 

Β 

+44 (0) 207 382 8300

Β 

Financial Public Relations

Tavistock

Jos Simson / Barney Hayward

+44 (0) 207 920 3150

Β 

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 a highly 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.

Β 

Β 

This information is provided by RNS
The company news service from the London Stock Exchange
Β 
END
Β 
Β 
UPDBUGDBIDBBGIL
Date   Source Headline
2nd Feb 20237:00 amRNSLithium And Tantalum Infill Drilling Update
1st Feb 20238:33 amRNSHolding(s) in Company
31st Jan 20237:00 amRNSLithium and tantalum infill drill programme update
27th Jan 20237:00 amRNSConfirmation of Change in Website Address
26th Jan 20237:00 amRNSPublication of the Inaugural Sustainability Report
25th Jan 20233:54 pmRNSExercise of warrants and issue of equity
23rd Jan 20237:00 amRNSUis Mine Mineral Resource Expansion
10th Jan 20234:51 pmRNSConfirmation of Name Change
5th Jan 20235:06 pmRNSResult of EGM and Change of Name
22nd Dec 20227:00 amRNSQuarterly Production Update
7th Dec 20227:00 amRNSLithium and Tantalum Product Development Update
6th Dec 20227:00 amRNSNotice of EGM and Proposed Change of Name
5th Dec 20227:00 amRNSLithium and Tantalum Infill Drill Programme Update
24th Nov 20227:00 amRNSRegional Exploration Update
22nd Nov 20227:00 amRNSLithium and Tantalum Infill Drill Programme Update
17th Nov 20227:00 amRNSUnaudited Interim Results 6 Months Ended 31/08/22
7th Nov 20227:00 amRNSUis Phase 1 Expansion Commissioning Complete
19th Oct 20229:00 amRNSHolding(s) in Company
12th Oct 202211:03 amRNSHolding(s) in Company
11th Oct 20227:00 amRNSLithium & Tantalum Infill Drill Programme Update
30th Sep 20224:55 pmRNSSubscription Update
30th Sep 20228:00 amRNSResult of AGM
26th Sep 20222:42 pmRNSHolding(s) in Company
16th Sep 20229:51 amRNSResult of Placing and Subscription
15th Sep 20225:32 pmRNSProposed Fundraise of Approx. US$17.5 Million
15th Sep 20225:30 pmRNSProposed Funding Package & Production Update
31st Aug 20227:00 amRNSAudited Financial Results
15th Aug 20227:00 amRNSUis Phase 1 Expansion: Construction Completed
11th Aug 20223:14 pmRNSAfriTin Lithium Webinar
21st Jul 20227:00 amRNSAppointment of CFO
20th Jul 20227:00 amRNSLithium and Tantalum Infill Drill Programme Update
5th Jul 20227:00 amRNSProposed Uis Mine Phase 1 Project Lending Facility
16th Jun 20227:00 amRNSQuarterly Production Update
8th Jun 20227:00 amRNSLi and Ta Infill Drill Programme, Initial Results
24th May 20227:00 amRNSLithium Test Work Produces High-Purity Concentrate
26th Apr 20227:00 amRNSUis Phase 2 Expansion: PEA Results
8th Apr 20226:08 pmRNSIssue of Share Options
6th Apr 20227:00 amRNSAfriTin Mining Five Year Growth Strategy
29th Mar 20227:00 amRNSQuarterly and FY2022 Production Update
28th Mar 20222:06 pmRNSSecond Price Monitoring Extn
28th Mar 20222:00 pmRNSPrice Monitoring Extension
28th Mar 202211:05 amRNSSecond Price Monitoring Extn
28th Mar 202211:00 amRNSPrice Monitoring Extension
9th Mar 20227:00 amRNSDual Listing on Namibian Stock Exchange (NSX)
2nd Mar 20227:00 amRNSLithium Discovery on AfriTin Mining License
22nd Feb 20223:02 pmRNSExercise of Share Options
27th Jan 20224:22 pmRNSExercise of Share Options
14th Jan 20223:57 pmRNSExercise of Share Options
20th Dec 20217:00 amRNSAppointment of Director
15th Dec 20214:28 pmRNSIssue of Shares

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.