Afritin Mining Limited NPV (ATM)

Sector:

Mining

Index:

FTSE AIM All-Share

5.10p
   
  • Change Today:
      0.100p
  • 52 Week High: 7.10
  • 52 Week Low: 2.35
  • Currency: UK Pounds
  • Shares Issued: 1,112.33m
  • Volume: 943,207
  • Market Cap: £56.73m
  • RiskGrade: 393
  • Beta: 0.60

AfriTin advances test work programme at Uis Tin Mine

By Josh White

Date: Monday 12 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Namibia-focussed tin mining company AfriTin Mining updated the market on its metallurgical test work programme for potential by-products to its current tin concentrate product on its flagship asset, the Uis Tin Mine, on Monday.
The AIM-traded firm said the mine's JORC-compliant mineral resource estimate included ancillary metals with an inventory of 6,091 tonnes of contained tantalum, and 450,265 tonnes of contained lithium oxide, grading at 85 parts of tantalum per million, and 0.63% lithium oxide, respectively.

Major lithium oxide intersections included 86.51 metres grading at 1.22% lithium oxide on drill hole V1V2017, and 109.32 metres with an average grade of 0.97% at drill hole V1V2010.

The company said it was advancing a metallurgical test work programme to investigate the by-product potential of the ancillary metals.

Test work for a tantalum concentrate was at an advanced stage, while lithium oxide concentrate test work was progressing to a second stage.

"Following the achievement of nameplate tin concentrate production in November, the Uis Tin Mine has exceeded production forecasts," chief executive officer Anthony Viljoen.

"This provides the ideal platform for our metallurgical test work programme to investigate the potential of two major by-products, namely lithium oxide and tantalum.

"Successful implementation of by-product streams may significantly increase our profit margin and allow us to realise the goal of positioning the company in the lowest quartile of the world tin producer cost curve."

At 0900 BST, shares in AfriTin Mining were up 3.17% at 6.5p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ATM Market Data

Currency UK Pounds
Share Price 5.10p
Change Today 0.100p
% Change 2.00 %
52 Week High 7.10
52 Week Low 2.35
Volume 943,207
Shares Issued 1,112.33m
Market Cap £56.73m
Beta 0.60
RiskGrade 393

ATM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.85% below the market average78.85% below the market average78.85% below the market average78.85% below the market average78.85% below the market average
86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average
Price Trend
50.78% above the market average50.78% above the market average50.78% above the market average50.78% above the market average50.78% above the market average
26.32% above the sector average26.32% above the sector average26.32% above the sector average26.32% above the sector average26.32% above the sector average
Income Not Available
Growth
69.19% above the market average69.19% above the market average69.19% above the market average69.19% above the market average69.19% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average

ATM Dividends

No dividends found

Trades for 07-Dec-2021

Time Volume / Share Price
16:18 250,000 @ 5.00p
15:43 30,000 @ 5.03p
15:41 1,216 @ 5.00p
15:25 20,000 @ 5.08p
15:10 10,422 @ 5.03p

ATM Key Personnel

CEO Anthony Viljoen

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