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 the drilling programme designed to support the historical Mineral Resource estimate of the V1 and V2 pegmatites.
- Announcement of a maiden Measured, Indicated and Inferred Mineral Resource estimate, prepared in accordance with JORC (2012), for the Uis Tin Mine of 71.54 million tonnes of ore at a grade of 0.134 % tin for 95,539 tonnes of contained tin;
- An Inferred Mineral Resource estimate of 71.54 million tonnes of ore at 85 ppm tantalum for 6,091 tonnes contained tantalum (spatially coincident, to the Tin Mineral Resource); and,
- An Inferred Mineral Resource estimate of 71.54 million tonnes of ore at 0.63 % Lithium Oxide for 450,265 tonnes contained lithium oxide (Li2O) (spatially coincident, to the Tin Mineral Resource)
Anthony Viljoen, CEO of AfriTin Mining Limited commented:
“Confirming the historical data at Uis has always been a crucial step in the progression and development of our flagship asset. The additional down dip drilling confirmed extension and thickening of the orebody at depth affirming our belief in the scale of this deposit and increasing the resource historically stated by SRK (1989) on the V1/V2 orebody. Furthermore, the scale of this resource, from 2 pegmatites, places the tin inventory as one of the biggest of its kind in the world and encourages further development of the additional outcropping pegmatites identified within our mining licence area, of which an excess of 100 pegmatite bodies have been identified.
Competent Person Statement:
The technical data in this announcement has been reviewed by Anthony Wesson of CSA Global, who provides geostatistical consulting services to AfriTin. Anthony Wesson has 45 years of industry related mineral project development experience and is a Competent Person for the reporting of Mineral Resources. He has been a Fellow of the AusIMM for more than 20 years. He has reviewed the technical disclosures in this release and has undertaken the Mineral Resource estimation and classification for tin, lithium, and Tantalum.
SOURCE: AFRITIN MINING LIMITED
DATE: 16 SEPTEMBER, 2019