AfriTin Mining Limited (LON:ATM) has reported higher production of tin concentrate from its Uis mine in Namibia as a phase one, stage one ramp-up continues at the project.
In an operational update for October, the AIM-listed firm reported that production of tin concentrate had increased to 48.2 tonnes containing around 32.2 tonnes on tin metal, a 24% month-on-month increase.
The company said the production level achieved in October represented around 90% of the stage one target in terms of tin contained in concentrate. AfriTin said it is targeting the processing of 45,000 tonnes of ore per month to produce 60 tonnes of tin concentrate for stage one of phase one.
The firm said tin concentrate production for the year to date totals 237 tonnes and that it remains on track to achieve nameplate production of 60 tonnes per month of tin concentrate by the end of 2020.
AfriTin also said no confirmed coronavirus cases have been recorded at the Uis mine to date, as strict mitigation measures remain in place to safeguard the workforce.
“I am delighted to report, once again, further positive increases in the Uis Tin Mine’s month-on-month plant performance as we enter the final stage of our Phase 1 Stage I production ramp-up. Pleasingly, the production of tin concentrate has increased to 48.2 tonnes for October 2020, which represents a 24% increase from September 2020. More importantly this means we remain on track to achieve nameplate production of 60 tonnes a month of tin concentrate by the end of the calendar year”, AfriTin chief executive Anthony Viljoen said in a statement.
“As stated previously, once nameplate capacity is realised, the Company will progress towards Stage II, expanding its production levels even further. AfriTin continues to remain well-positioned to take advantage of the improving tin market fundamentals, as it looks to achieve its vision of becoming a large-scale tin producer in Namibia”, he added.