Proactive Investors - Run By Investors For Investors

Consolidated Tin Mines in talks to firm up access to Mt Garnet concentrator

Consolidated Tin Mines in talks to firm up access to Mt Garnet concentrator

Consolidated Tin Mines (ASX: CSD) has advanced discussions with Snow Peak Mining to formalise access to the Mt Garnet concentrator and its conversion to tin recovery for its Mt Garnet Tin Project in Queensland.

It is also seeking an offshore partner to locate the rotary kiln/reduction roasting process which is expected to significantly reduce capital and operating costs.

The company is planning to carry out a final infill and geotechnical drill program at the Gillian deposit to increase confidence in the Resource model and provide geotechnical information for open cut pit design.

Further evaluation work will also be carried out at the Windermere, which was not included in the Pre-Feasibility Study, with a view to extending the project’s mine life and expanding its production profile.

Mt Garnet

The Mt Garnet Tin Project is set for production in the second half of 2014.

At the base case of tin priced at A$24,000 a tonne, Mt Garnet would deliver an internal rate of return (IRR) of 111%, with a LOM cash surplus, before tax of A$378.5 million.

It has the potential to generate $1.1 billion in total revenues over an initial mine life of nine years.

Capital cost to first production is estimated at $76 million with combined total cost of A$13,917/t tin FOB.

Detailed mine design and optimisation is expected to significantly reduce mining costs.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

View full CSD profile View Profile

Consolidated Tin Mines Limited Timeline

Related Articles

1547115978_fireweed---tom-property-camp.jpg
January 09 2019
Consolidating its landholding at its flagship Macmillan Pass project was a major highlight of 2018.
1540372714_Erris---on-site.jpg
October 24 2018
Recent drilling success in Ireland has laid the foundations for further progress
The Bongara property in Peru
February 19 2019
Bongara and the associated Charlotte Bongara zinc project are home to zinc oxide mineralization

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use