AfriTin Mining Ltd Dual Listing on Namibian Stock Exchange (NSX) (1609E)
09 March 2022 - 6:01PM
UK Regulatory
TIDMATM
RNS Number : 1609E
AfriTin Mining Ltd
09 March 2022
09 March 2022
AfriTin Mining Limited
("AfriTin" or the "Company")
Dual Listing on Namibian Stock Exchange (NSX)
AfriTin Mining Limited (AIM/NSX: ATM), an African tech-metals
mining company with a portfolio of mining and exploration assets in
Namibia, is pleased to announce that its Ordinary Shares will dual
list on the NSX market of the Namibian Stock Exchange with effect
from 09:00 am today, 9 March 2022, under the ticker symbol ATM.
Summary:
-- AfriTin's flagship asset, the Uis Tin mine (Uis), is located
in the Erongo Region, north-west Namibia, and is situated on one of
three separate mining licenses within the region;
-- Uis is in production, reaching nameplate production, 80
tonnes per hour, in September 2020, producing approximately 720
tonnes of tin concentrate per annum;
-- The Project incorporates a JORC (2012) compliant resource
estimate of almost 71.54 million ore tonnes, containing
approximately 95,000 tonnes of tin (Sn), 6,000 tonnes of tantalum
(Ta) and 450,000 tonnes of lithium oxide (Li(2) O) (see AIM
announcement dated 19 September 2019);
-- The dual listing on the Namibian Exchange will allow Southern
African Development Community members the opportunity to
participate in this developing opportunity; and,
-- The Company has an experienced management team with a proven
track record in the mining sector across multiple
jurisdictions.
Anthony Viljoen (CEO) commented:
"I'm pleased to announce our dual listing on the NSX market of
the Namibia Stock Exchange today. This is an important milestone
for the Company, which cements our commitment to developing Namibia
and its capital markets further.
AfriTin has an experienced management team and board. We are
confident that Uis will generate significant value for
shareholders, and we look forward to providing the market with
updates as work progresses."
AfriTin Mining Limited +27 (11) 268 6555
Anthony Viljoen, CEO
Nominated Adviser +44 (0) 207 220 1666
WH Ireland Limited
Katy Mitchell
Corporate Advisor and Joint Broker +44 (0) 20 7907 8500
H&P Advisory Limited
Andrew Chubb
Jay Ashfield
Nilesh Patel +44 (0) 20 7907 8500
Stifel Nicolaus Europe Limited
Ashton Clanfield
Callum Stewart +44 (0) 20 7710 7600
Public Relations +44 (0) 207 920 3150
Tavistock Financial PR (United
Kingdom)
Jos Simson
Oliver Lamb
Nick Elwes
About AfriTin Mining Limited
Notes to Editors
AfriTin Mining Limited is the first pure tin company listed in
London, and its vision is to create a portfolio of globally
significant, conflict-free, tin-producing assets. The Company's
flagship asset is the Uis Tin Mine in Namibia, formerly the largest
hard-rock open cast tin mine.
AfriTin is managed by an experienced board of directors and
management team with a current strategy to ramp up production at
the Uis Tin Mine in Namibia to 10,000 tonnes of concentrate in a
Phase 2 expansion, having reached Phase 1 commercial production in
2020. 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.
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END
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