Aus Tin Mining ramps up production at Granville, confirms cobalt/nickel/manganese oxide mineralisation at Mt Cobalt

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Reverse circulation drilling chips for hole CO 17 at Mt Cobalt Image credit: Aus Tin Mining ASX release

Aus Tin Mining is ramping up tin production at the Granville Tin Project which commenced production in mid-August, 2016.

Reverse circulation drilling chips for hole CO 17 at Mt Cobalt Image credit: Aus Tin Mining ASX release
Reverse circulation drilling chips for hole CO 17 at Mt Cobalt
Image credit: Aus Tin Mining ASX release

The company, which has an off-take agreement with Traxys Europe for all tin concentrate from the Project, has implemented a number of measures to increase the throughput rate, with first dispatch of tin concentrate anticipated by the end of the month.

“Payable tin production to the end of December 2016 is expected to be approximately 50 tonnes of contained tin metal, based on the expected grade of tailings being re-treated,” Aus Tin said in a statement to the ASX.

“Produced tin concentrate is to be sold under the existing marketing arrangements with Traxys.”

Aus Tin also advised that it is progressing the necessary approvals for the expanded Level 2 operation (Granville Expansion), which will entail the processing of significant levels of existing stockpiled ore plus a resumption of mining at the Granville East Open Pit.

“For the Granville Expansion a new pre-concentration plant is expanded to further increase the production rate to approximately 550 tpa of tin concentrate,” reads the company’s statement.

Aus Tin also provided an update on the Mt Cobalt project located west of Gympie in Queensland. The company has recently commenced a 600m drilling program at Mt Cobalt targeting high grade cobalt mineralisation at the project.

“To date three holes for a total of 120m of reverse circulation (RC) drilling have been completed. Whilst assay results are yet to be received, visible black and green cobalt/nickel/manganese oxide mineralisation of indeterminate grade was reported in each of the holes,” it says in the statement.

“The balance of the program is expected to be completed within the fortnight, subject to weather conditions. Significant assays will be reported when available.”