Aus Tin Mining is now officially Australia’s second tin producer listed on the ASX

0
690
Granville Tin Project Processing Plant Image credit: www.austinmining.com.au

Aus Tin Mining has become only the second tin producer listed on the ASX with the commencement of tin concentrate production at the Granville Tin Project in Tasmania.

 Granville Tin Project Processing Plant Image credit: www.austinmining.com.au
Granville Tin Project Processing Plant
Image credit: www.austinmining.com.au

The company has undertaken a program of rectification initiatives at the Granville Tin Project since completing the acquisition less than four months ago, including commissioning of the processing plant and re-treatment of tailings under its existing user rights.

Aus Tin has reconfigured the processing circuit and installed new equipment to treat a quantity of tailings grading between 0.8%Sn and 3.3%Sn that has been recovered from existing tailings storage facility and stockpiled ready for processing.

CEO Peter Williams said as the production rate is increased additional tailings will be recovered for treatment as required.

“The commencement of tin production at Granville represents a major milestone for the Company, and elevates Aus Tin Mining to Australia’s second tin producer listed on the ASX (the other being Metals X),” Mr Williams remarked.

“The tin price is up 25 percent year to date and we believe the best leverage an investor can have to the increasing tin price is through operating assets. Having now commenced production at Granville, it is our intention to ramp-up production and in due course exploit the high tin grades in the open pit (up to 7m @ 2.65%Sn) generated from our 2015 drilling program.”

According to Mr Williams, Aus Tin also intends to progress the development of the world class Taronga Tin Project whilst pursuing an exploration program that could provide high grade supplementary feed and /or extend the Life of Mine form the nine years identified in the 2014 Pre-Feasibility Study.

Aus Tin Mining holds an exciting portfolio of tin projects ranging from early stage exploration to production, and all projects are 100% owned by the Company. Additionally, it maintains an active program of project evaluation for tin projects that support the Company’s vision to become a major Australian tin producer.