Tin prices have rallied strongly recently due to the news of several Chinese smelters reducing production output and restricted exports from Indonesia.
AusTin has pounced on this tin opportunity, and is ramping-up production from the Granville Tin Project, located on the west coast of Tasmania.
Granville is positioned within the historic Heemskirk tin field.
Production of tin concentrate is on-going and the first dispatch of tin concentrate under the Traxys off-take agreement is anticipated within the month.
Payable tin production to the end of December 2016 is expected to be circa 50 tonnes of contained tin metal, based on the expected grade of tailings being re-treated.
Produced tin concentrate is to be sold under the existing marketing arrangements with Traxys.
Concurrently the company is progressing the necessary approvals for the expanded Level 2 operation.
AusTin has also commenced a 600 metre reverse circulation drilling program targeting high grade cobalt mineralisation at its Mt Cobalt project west of Gympie in Queensland.
To date three holes for a total 120 metres have been completed, with assays pending.
Adding interest, visible black and green cobalt/nickel/manganese oxide mineralisation of indeterminate grade was reported in each of the holes.