Name of the Project
Renison tailings retreatment project (Rentails).

Location
The project will be located about 1.5 km north-west of the existing Renison tin concentrator, in Tasmania, and adjacent to the existing tailings storage facility.

Client
Rentails, in which Metals X owns a 50% share through the Bluestone Mines Tasmania Joint Venture.

Project Description
Renison produces about 7 000 t/y of tin in concentrate.

The project proposes to expand production by about 5 400 t/y of tin and 2 200 t/y of copper through the reprocessing and recovery of tin and copper from the existing historical tailings at Renison. This is based on the retreatment of about 21.6-million tonnes of historical tailings reserves at an average grade of 0.45% tin and 0.23% copper.

The project will have a mine life of about 11 years at a two-million-tonne-a-year treatment rate, with the opportunity to treat additional tailings and intermediate seams. The flow sheet comprises grinding, sulphide flotation, ultrafine gravity separation, tin flotation and tin fuming.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at an 8% discount rate, of A$260-million and an internal rate of return of 37%, with a payback of 3.2 years.

Value
Construction capital costs have been estimated at A$205-million.

Duration
Not stated.

Latest Developments
Rentails is considering financing options with its joint venture partner and determining the timing of long-lead items, final approvals and the capacity of suppliers to service Rentails.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Metals X, tel +61 8 9220 5700, fax +61 8 9220 5757 or email reception@metalsx.com.au.