Aus Tin Mining PFS advances Taronga tin project

THE DRILL SERGEANT: Aus Tin Mining (ASX: ANW) has released the results of a Pre‐Feasibility Study (PFS) for the company’s Taronga tin project, located in northern New South Wales.

Aus Tin Mining said the PFS has confirmed the technical and economic viability of the project while highlighting areas of potential economic upside.

The company has previously reported a Mineral Resource (JORC 2012) of 36.3 million tonnes at 0.16 per cent tin for 57,000 tonnes of contained tin.

A Probable Ore Reserve (JORC 2012) has been estimated of 22 million tonnes at 0.16 per cent tin for 35,600 tonnes of contained tin or 96% of the production target.

Aus Tin Mining explained the PSF proposes processing the relatively simple ore at 2.5 million tonnes per annum using conventional practices and is expected to achieve an overall tin recovery of 70 per cent and generate an average 2,815 tonnes of tin in concentrate per annum over a 9.3 year mine life.

The company said medium grade concentrate (55 per cent tin) acceptable to tin smelters will be produced and will likely be exported into the Asian market.

 

Taronga tin project PFS operating parameters. Source: Company announcement

 

“We are pleased with the results of the pre‐feasibility study confirming the technical and economic viability of the Taronga tin project and are excited by the extent of upside opportunities identified during the work,” Aus Tin Mining chief executive officer Peter Williams said in the company’s announcement to the Australian Securities Exchange.

“Approaching the study from the perspective of not simply generating a technically sound project but also one that can be financed is expected to be rewarded as we move forward with our funding discussions.”

Email: info@austinmining.com.au

Website: www.austinmining.com.au