Proactive investors

Vandieman Mines (VDM) is in the process of developing its alluvial tin, sapphire and accompanying mineral deposits in the northeast of Tasmania, Australia where it owns 15 exploration and retention licenses. Exploration and development planning consent is now complete for VDM’s Scotia tin and sapphire mine which is scheduled to move to first production later this year. When in full production the Scotia Mine will produce annually an estimated 700 tonnes of tin and 1.5 million carats of mine rough gem quality sapphire. Thaisarco, the Thai tin smelter and refiner, has agreed to take the Company's entire expected tin concentrate output of 1,3501,500 tonnes contained tin per year once both the Scotia and Endurance mines are in production. Agreements are also in place for the marketing of the sapphire and spinel production.