Dual Listing on Namibian Stock Exchange (NSX)

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 (Li₂O) (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	[phone]
Anthony Viljoen, CEO
Nominated Adviser	[phone]
WH Ireland Limited Katy Mitchell
Corporate Advisor and Joint Broker	[phone]
H&P Advisory Limited Andrew Chubb Jay Ashfield Nilesh Patel	[phone]
Stifel Nicolaus Europe Limited Ashton Clanfield Callum Stewart	[phone]
Public Relations	[phone]
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.

 

END

 

 

MSCSSFSMUEESEID