AfriTin Mining said it has made good progress towards its objective of commercial production from the Uis tin mine in Namibia later in the year.
The company, through its Namibian subsidiary, Dawnmin Africa Investments (Pty) Ltd, this week purchased the entire front end crushing component for the processing circuit of the plant, located at the Uis tin mine.
The equipment includes a jaw crusher, three cone crushers, stacking and conveying equipment and the electrical switchgear.
AfriTin has also appointed Crushplant & Utility Spares CC, a Namibian based engineering firm, specialising in the construction and installation of crushing equipment to match the equipment to the required specifications and associated installation at mine site.
Chief executive Anthony Viljoen said: 'I am pleased to be in a position to provide such a significant and positive operational update for the company, at such an early stage in its development.
'The comminution circuit purchased through Crushplant provides a turnkey package for the front end crushing end of the circuit and, as a result, comprises at least 30% of the required plant procurement.
'The availability of the plant and suitably qualified engineers to prepare the plant for operations is a testament to Namibia being a favoured investment destination for the construction of large projects of this nature.
'The engineering team have also begun work procuring the ancillary infrastructure for the plant, that will make use of high-resolution satellite imagery to identify, design and begin construction of the plant site. AfriTin looks forward to providing further updates on the progression of the mine development.'
At 8:16am: (LON:ATM) Afritin Mining Limited Ord Npv share price was 0p at 2.4p