6th Sep 2021 12:57
AfriTin Mining Ltd - African tin mining company which operates the Uis tin mine in Namibia - Says preliminary results from lithium beneficiation test work indicate "substantial upgrade potential". Annouunces the start of an 8,000 metre lithium and tantalum exploration drilling programme over the next 12 months. Notes that the presence of tantalum and lithium oxide mineralisation within the V1 & V2 ore body creates an opportunity for the development of additional revenue streams to the company's tin concentrate product.
"The metallurgical test work and exploration programmes being announced today have been designed to increase the confidence levels of lithium and tantalum by-product potential and move towards the realisation of additional revenue streams. We are excited about the opportunity to diversify and consolidate our tech-metal exposure," says Chief Executive Anthony Viljoen.
Current stock price: 5.29 pence; down 4.7%
Year-to-date change: up from 2.45p on December 31, 2020
By Greg Roxburgh; [email protected]
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