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Aus Tin Mining

Aus Tin Mining prepares initial shipment from Granville Tin Project

Aus Tin Mining (ASX:ANW) is currently finalising an initial parcel of tin concentrate for dispatch to an Australian buyer, from its Granville Tin Project on the west coast of Tasmania.

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Aus Tin Mining prepares initial shipment from Granville Tin Project

Since recommencing tin production in August 2016, the company has continued to optimise the Level 1 operations and progress the approval process for the expanded Level 2 operations.

Level 1 operations have largely comprised the retreatment of tailings from previous operators with tailings assaying about 1% tin being processed to produce a clean tin concentrate up to 65% tin.

Further modifications are being undertaken to improve the recovery of magnetite and reduce iron levels in the tin concentrate.

Most recently, Aus Tin has commenced the treatment of run of mine (ROM) ore from existing stockpiles generated by previous operators.

The company is also progressing approvals for the Granville Expansion which incorporates a resumption of mining of ROM from the open cut pit and an increase in concentrate production rate to an equivalent 550 tonnes of contained tin per annum.

The company is expecting to receive all necessary approvals for the expanded Level 2 operations during the March 2017 quarter.

Concurrently, Aus Tin is finalising the Environmental Impact Statement (EIS) for its Taronga Tin Project in northern New South Wales. The Taronga Stage 1 Project will comprise a trial open cut mine and pilot processing plant.

A total 340,000 tonnes of ore at 0.23% tin plus about 75,000 tonnes of waste will be mined from within the Northern Zone Ore Reserves.

Importantly, the current Australian dollar tin price of circa $29,300 per tonne is at the highest levels since early 2011.

US dollar tin price has risen strongly (up 47%) since the beginning of 2016, on the back of declining supply from two of the largest producing countries, Indonesia and Myanmar.

Quick facts: Aus Tin Mining

Price: $0.01

Market: ASX
Market Cap: $15.51 m
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