Established by an independent firm, Cube Consulting, the new evaluation of the Atlantic Tin company brings the reserves of the Achmmach deposit to a total of 39.1 million tonnes with 0.55% tin, or a total of 213,000 tonnes of tin content, up 33% compared to the last estimate for 2021. Tin is a metal used in particular in the electronics industry, electric vehicles and metal alloys.
«The revision of this estimate will form the basis of the current feasibility study of the combined Achmmach – Samine project. An updated estimate of ore reserves will be produced once current technical studies are sufficiently advanced. This increase in tin resources clearly places Achmmach as one of the largest unexploited tin deposits in the world», Underlines Atlantic Tin in a press release, quoting its general director, Simon Milroy.
The upward revision of the potential of the Achmmach deposit results, among other things, from the research area, including 18 additional diamond drilling operations in the Sidi Addi area.
Read also: Managem sells its subsidiary Samine to Australian Atlantic Tin
In addition to the resource update for Achmmach, an exploration target of 500 to 900,000 tonnes has also been established on the Ain Karma prospect, which is part of the larger Bou El Jaj prospect, adds the same source. .
At the end of May, the Managem group announced the sale of its subsidiary Samine to Titan Tin, a company under Moroccan law 100% owned by the Australian company Atlantic Tin.
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This sale offers Samine, which has suspended its fluorite extraction and production activities at the El Hamam deposit, located near the Achemmach site, an opportunity to reconvert into the tin activity.
Atlantic Tin had planned to launch an exploration program within the license area and exploit Samine’s industrial assets, including a processing unit which will be upgraded to adapt it to tin production.
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