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Taronga tin project, Australia

28th June 2019

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Taronga tin project.

Location
New South Wales, Australia.

Project Owner/s
Aus Tin Mining.

Project Description
The project is the world’s fifth-largest undeveloped tin reserve, based on a Joint Ore Reserves Committee-compliant resource of 57 200 t of contained tin, 26 400 t of contained copper and 4.4-million ounces of silver.

A prefeasibility study (PFS) completed in 2014 demonstrated the technical and economic viability of a project treating 2.5-million tonnes a year of ore, producing an average of 2 800 t/y of contained tin over a nine-year mine life.

Ore will be treated on site using dense-medium, gravity and flotation to produce a final concentrate for sale overseas.

In 2015, Aus Tin Mining announced that it would start a Stage 1 development, comprising a 340 000 t trial mine within the Northern zone ore reserves, and a pilot processing plant.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The 2014 PFS generated a base case net present value, at an 8% discount rate, of $63.15-million.

Capital Expenditure
Stage 1 development costs are estimated at A$2.5-million.

Planned Start/End Date
The development plan is targeting site establishment and initial mining before the end of June 2019.

Latest Developments
Taronga Stage 1 is now fully permitted following receipt of approval for a mining operations plan.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Too early to state.

Contact Details for Project Information
Aus Tin Mining, tel +61 7 3303 0611 or email info@austinmining.com.au.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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