Andrada, previously AfriTin, Mining says its findings from details of a new tin resource for 11 historically mined pegmatite orebodies located close to the actively mined V1/V2 pegmatite at the Uis Mine in Namibia, shows that it now has one of the largest tin assets globally.
“The declaration of this inferred resource, using the historical drill data from the Uis Mine, significantly advances the total Andrada mineral inventory towards management’s internal mineral resource target of at least 200mln tonnes of mineralisation,” Andrada CEO Anthony Viljoen said.
“These additional pegmatites, together with the mineral resource at the V1/V2 orebody, provide an entire resource portfolio of approximately 128mln tonnes of ore with a gross combined content of 170,000 tonnes of tin, making Andrada the owner of one of the largest tin assets globally.”
Viljoen said “through our demonstrated ability to rapidly and profitably scale up production at the existing operations at the Uis mine, we believe Andrada has the ability to compound the company’s economies of scale and position the company as one of the lowest cost tech-metal producers in the next five years”.
He added that the existing mineral reserve, which is currently being mined, as well as the ongoing infill drilling programme over the entire mining licence, have also shown the potential of lithium mineralisation contained within the same pegmatites.
Andrada will be completing the work required to bring the lithium operation into production, as well as expanding the infill drilling programme to explore the opportunity that the lithium presents as a co-product revenue stream with the tin operation in the coming months.
Andrada is embarking on a confirmatory drilling programme to improve the tin resource classification and to evaluate lithium and tantalum potential of the proximal pegmatites.
AfriTin Mining is an African technology metals mining company with a portfolio of mining and exploration assets in Namibia.
