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

Uis Exploration Drilling Update

10 Jun 2019 07:00

RNS Number : 6018B
AfriTin Mining Ltd
10 June 2019
 

10 June 2019

AfriTin Mining Limited

("AfriTin" or the "Company")

Uis Exploration Drilling Update

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

Highlights

Receipt of the second batch of assay results (five holes) from the resource validation drilling;

Significant intersections include;

o 30.32m @ 0.20% Sn and 91ppm Ta in drill hole V1V2008

o 109.32m @ 0.17% Sn and 77ppm Ta in drill hole V1V2010

o 53.83m @ 0.16% Sn and 73ppm Ta in drill hole V1V20011

In Q4 2018, AfriTin initiated an exploration drilling programme aimed at validating the historic information disclosed by SRK in 1985, for ISCOR, for the V1 and V2 pegmatites. The programme was designed to support the declaration of a maiden, JORC (2012)-compliant, Mineral Resource estimate on the V1 and V2 pegmatites at the Uis Project.

The completion of the validation drilling and initial results of the first five holes were announced on 20 May 2019. The results reported here represent the following five drill holes with subsequent results expected in the near future. The analytical results indicate a continuity of the pegmatite bodies indicated in the previous five holes. The intersections indicate an increase in the thickness of the pegmatites with depth, a trend that is also reflected in the historic drill programme.

In areas where the units are separated into upper, middle and lower the drill hole intercepted a xenolith of country rock which separates the pegmatite body. Sample analysis was undertaken by UIS Analytical Services. The major and minor elements were analysed by ICP-OES and the trace elements were analysed by ICP-MS.

 

 

 

 

Table 1: Exploration results of holes V1V2007 - V1V2011 of the current drilling campaign, (widths reported indicate apparent intersection widths).

Hole ID

Dip Angle (Degrees)

Pegmatite Unit

From (m)

To (m)

Width (m)

Grade Sn (%)

Grade Ta (ppm)

Grade Li2O (%)

V1V2007

Vertical

V2

56.46

77.07

20.61

0.11

226

0.48

V1 Upper

89.56

99.52

9.96

0.18

93

0.42

V1 Middle

101.59

123.87

22.28

0.18

92

0.48

V1 Lower

127.01

143.26

16.25

0.24

61

0.51

V1V2008

Vertical

V1

41.94

72.26

30.32

0.20

91

0.48

V1V2009

-80

V2

0.00

8.00

8

0.18

115

0.55

V1

50.61

78.00

27.39

0.13

80

0.49

V1V2010

Vertical

V2*

51.26

160.58

109.32

0.17

77

0.97

V1V2011

Vertical

V2

0.78

54.61

53.83

0.16

73

0.48

V1

58.51

70.03

11.52

0.23

40

0.50

* The V1 and V2 ore bodies have combined into a single unit

Results received thus far from the current campaign are considered comparable, subject to additional validation work, to those reported by SRK (1985), both in terms of geological validation of the current geological model, and in terms of tin (Sn) grade, with SRK (1985) reporting an average grade of 0.14 % Sn for the V1 and V2 pegmatites.

Anthony Viljoen, CEO of AfriTin Mining Limited commented:

 

"I am pleased to provide a further update on the confirmatory drilling programme. Of particular interest is a 109m intersection of mineralised pegmatite starting at 51m, indicating the presence of a voluminous ore body extension at depth. While these drilling results are subject to a resource modelling and independent validation process, we are encouraged by these results which remain comparable to the historical data of 1985."

 

Competent Person Statement:

The technical data in this announcement has been reviewed by Dr Brendan Clarke of CSA Global, who provides geological consulting services to AfriTin. Dr Clarke is Manager - Africa for CSA Global and has 20 years of industry related exploration and mineral project development experience and is a Competent Person for the reporting of Exploration results. He has reviewed both the technical disclosures in this release as well as the quality assurance protocols and results for the assay campaign. Dr Clarke is satisfied that the results of the QAQC on the assay results released to date are sufficient to support the planned estimation of Mineral Resources.

 

 

 

Glossary of abbreviations

Li

Lithium

Li2O

Lithium oxide

Li to Li2O

Conversion factor of 2.153

ICP-MS

Inductively Coupled Plasma- Mass Spectrometry

ICP-OES

Inductively Coupled Plasma- Optical Emissions Spectrometry

JORC

The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves

PPM

Parts Per Million

QAQC

Quality Assurance Quality Control

Sn

Elemental symbol for Tin

Ta

Elemental symbol for Tantalum

V1 and V2

Primary pegmatite resource targets for Exploration

 

 

For further information, please visit www.afritinmining.com or contact:

AfriTin Limited

Anthony Viljoen, CEO

+27 (11) 268 6555

Nominated Adviser and Joint Broker

WH Ireland Limited

Katy Mitchell

Adrian Hadden

James Sinclair-Ford

+44 (0) 207 220 1666 

Corporate Advisor and Joint Broker

Hannam & Partners

Andrew Chubb

Jay Ashfield

Nilesh Patel

+44 (0) 20 7907 8500

Joint Broker

NOVUM Securities Limited

Jon Belliss

+44 (0)20 7399 9400

Financial PR (United Kingdom)

Tavistock

+44 (0) 207 920 3150

Jos Simson

Barney Hayward

 

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

About AfriTin Mining Limited

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 2019, 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.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DRLEAFKNEDXNEAF
Date   Source Headline
27th May 20267:00 amRNSUis Financing & Lithium Ridge Drilling Complete
8th May 20269:45 amRNSNotification of Major Holdings
5th May 20267:00 amRNSSecond Batch of Lithium Ridge Drill Results
29th Apr 20268:31 amRNSNotification of Major Holdings
29th Apr 20267:00 amRNSAmendment of Convertible Loan Notes
24th Apr 20262:09 pmRNSNotification of Major Holdings
23rd Apr 20267:08 amRNS-RUpdate: Investor Presentation via IMC
20th Apr 20267:00 amRNSStrategic Equity Placement To Accelerate Growth
13th Apr 20267:00 amRNSPositive Tungsten Test Results At Brandberg West
26th Mar 20267:00 amRNSBusiness Update For Period Ended 28 February 2026
3rd Mar 20264:03 pmRNSEmployee Incentive Scheme Update
24th Feb 20267:00 amRNSThaisarco Strengthens Relationship with Andrada
10th Feb 20262:40 pmRNSEIB Partnership for Uis Mine Feasibility Study
9th Feb 20267:00 amRNSHigh-grade initial drill results at Lithium Ridge
4th Feb 20267:00 amRNSACAM Transaction Update
26th Jan 20267:00 amRNSLithium Ridge Exploration Update
21st Jan 20267:00 amRNSPartnership with ACAM to develop Brandberg West
19th Jan 202611:00 amRNSOrange Trust Loan Conversion to Equity
17th Dec 20257:00 amRNSQ3 Operational Update For Period End 30 Nov 2025
1st Dec 202510:35 amRNSNotification of Major Holdings
27th Nov 20257:00 amRNSInterim Results for Six Months Ended 31 Aug 2025
7th Nov 20257:00 amRNS-RPublication of 2025 Sustainability Report
24th Oct 20255:26 pmRNSNotification of Major Holdings
24th Oct 20255:25 pmRNSNotification of Major Holdings
30th Sep 20252:00 pmRNSResults of the Annual General Meeting
29th Sep 20257:00 amRNSBoard Changes
15th Sep 20257:00 amRNSQ2 Operational Update For Period Ended 31 Aug 2025
3rd Sep 20257:00 amRNSExploration Drilling Commences at Lithium Ridge
29th Aug 20257:00 amRNSAudited Financial Results For Year End 28 Feb 2025
21st Aug 20257:00 amRNSAndrada accelerates growth of its tin production
15th Aug 20257:00 amRNSIssuance of Shares & Total Voting Rights
27th Jun 20257:00 amRNSResults of strategic Subscription & Placing
26th Jun 20257:00 amRNSProposed Strategic Subscription and Placing
19th Jun 20252:00 pmRNSNotification of Major Holdings
17th Jun 20257:00 amRNSAndrada Secures High-Grade Tin Feedstock
6th Jun 20257:00 amRNSOperational Update For Period Ended 31 May 2025
22nd May 202511:28 amRNSChange of Registered Address
10th Apr 20257:00 amRNSUis Exploration Drilling Results
31st Mar 20257:00 amRNSFY Operational Update For Period Ended 28 Feb 2025
11th Mar 202512:59 pmRNSNotification of Major Holdings
7th Mar 202512:41 pmRNSNotification of Major Holdings
4th Mar 20254:51 pmRNSDirector/PDMR Shareholding
28th Feb 20257:00 amRNSSQM earn-in agreement receives NaCC Approval
21st Feb 20252:17 pmRNSEmployee Incentive Scheme Update & Issue of Shares
14th Feb 202512:20 pmRNSNotification of Major Holdings
12th Feb 20257:00 amRNSOrange Trust Funding
6th Feb 20257:00 amRNSMineral Resource Update at Uis
20th Dec 20247:00 amRNSQ3 Operational Update for Period Ended 30 Nov 24
28th Nov 20247:00 amRNSUnaudited Interim Results 6 Months Ended 31/08/24
20th Nov 20247:00 amRNSPublication of 2024 Sustainability Report

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.