Proactive Investors - Run By Investors For Investors

AusTin Mining Ltd ramps up tin production at Granville

AusTin Mining Ltd (ASX:ANW) has a dual commodity focus on tin and lithium, which continue to be at the forefront of investor interest due to forecast future shortfalls.
AusTin Mining Ltd ramps up tin production at Granville
Granville Tin Project Processing Plant

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.

Tin production

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.

Cobalt exploration

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.

View full ANW profile View Profile

Aus Tin Mining Timeline

Related Articles

Leonora project location
January 30 2019
The Sprott-backed company posted its quarterly activities and cashflow reports to market yesterday.
November 24 2018
Freeport can earn into the two licences, which are within the southern portion of the Timok Magmatic complex
April 01 2019
Four years ago, the firm struck a deal to acquire the Dixie mining claims in Ontario’s prolific Red Lake gold district

© 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