Sn, Li2O, Ta globally significant deposit
Pilot processing facility proven economics for tin only
Formation of a tech metals production province
10x potential scale-up to phase 2
Super charge revenues through by-product extraction
Existing infrastructure with potential for shared infrastructure across licences
- Strong market fundamentals for battery metals
- Quality assets in a prolific metallogenic area
- The Damara Belt in Namibia is a metallogenic jewel. An area with a wealth of mining history and geological information
- The significant opportunity lies in unlocking the potential of the Erongo region by further developing portfolio of mining and exploration assets and thereby opening a new tech-metals province
- Significant battery metal optionality across multiple assets (Sn, Ta, Li). Polymetallic targets with potential to provide high value commodities to the battery and new technology markets
- Phase 1 (720 t per annum of tin concentrate) and Phase 1 Expansion at Uis Tin Mine (flagship asset)
- Nameplate capacity exceeded in November 2020
- ore feed of 80tph
- tin feed grade of 0.139% Sn
- tin recovery at 60%
- tin concentrate grade of 65% Sn
- Large footprint allows for economies of scale: Concurrent exploration programmes are underway, with regional mapping completed along with visual confirmation of cassiterite mineralisation for over 180 pegmatites within 5km of the processing plant
- Globally significant JORC-compliant mineral resource estimate includes 95,539t of tin, 6,091t of tantalum and 450,265t of lithium oxide
- Low production costs and competitive logistic prices: open-pit mining; coarse crushing of cassiterite and 230km to port
- Lithium and tantalum potential by-product
- Phase 1 expansion looks to increase production by 67%
- Nameplate capacity exceeded in November 2020
- World class leadership team
- Namibia: low political risk
- Conflict-free source of tin
