Consolidated Tin Mines (ASX: CSD) shares are expected to lift after it started producing copper concentrate from Snow Peak Mining’s Surveyor Project near Cairns in Queensland.
The company has a 9.85% free carry interest in Snow Peak Mining and manages the project. It will also receive a percentage of all profit made by SPM.
Mining activities continue to ramp up at the Surveyor Mine and preparations are underway for mining at Baal Gammon.
Consolidated continues to make progress on the Definitive Feasibility Study for the Gillian Deposit at its Mt Garnet Tin Project, which is located in very close proximity to Surveyor.
It has also progressed its Memorandum of Understanding with Snow Peak Mining.
The company is developing Mt Garnet as a major low cost, open pit mining operation processing 1 million tonnes per annum to produce about 5,000 tonnes of tin in concentrate annually.
It seeks to develop and establish tin production by end of 2014 and focus on increasing mine life and production profile by developing other tin production opportunities within the broader Mt Garnet Tin Project area.
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