CONSOLIDATED TIN MINES LIMITED ANNOUNCEMENT
1st July 2015ASX/MEDIA RELEASE
Consolidated Tin Mines Limited
ABN: 57 126 634 606
Phone: +61 (7) 4032 3319 info@csdtin.com.au
www.csdtin.com.au
ASX CODE: CSD
◊ ABOUT CSD Consolidated Tin Mines
(ASX: CSD) is a base metal
producing company with a significant tin project in
advanced stage DFS
◊
SHARES ON REGISTER
279,770,521
TOP 5 SHAREHOLDERS
Snow Peak Int'l | 22.8% |
ARM (NQ) Pty Ltd | 10.4% |
Ralph De Lacey | 5.8% |
Beacon Minerals | 5.0% |
Baoxian Ji | 1.9% |
◊
OBJECTIVE
To become a fully diversified producer of base metals in concentrate and to develop the tin project
through to production thus minimising metal price fluctuation risk
◊
STRATEGY
To develop and establish tin production and focus
on increasing mine life and
production profile by developing other tin and
base metal production
opportunities within the broader Mt Garnet/
Greenvale/Einasleigh
region
Registered Office:
395 Lake Street,
Cairns North, QLD, 4870
Ph: +61 (0) 7 4032 3319
Snapshot:
Current CSD Share Price: $0.062
Current LME Price Tin: US$14,425
Zinc: US$2,043
Copper: US$5,826
Lead: US$1,762
Consolidated T in Mines - Wanguo International Mining Group attend Sydney Chinese /Australian business relationship building ConferenceConsolidated Tin Mines Limited (ASX: CSD) is pleased to provide an update on the partnership with Wanguo International Mining Group (Wanguo).
Wangou and CSD- Ratification of Agreements
Mr. Gao Mingqing (Executive Chairman and CEO of Wanguo) and Mr Ralph De Lacey, (Joint Executive Chairman of CSD) attended a Chinese - Australia business relationship building conference led by Mr Qiang Wei (Party Secretary of Jiangxi Provincial Committee) held in the Shangri la Hotel, Sydney, Australia on Thursday 25th June. The conference was intended to highlight the scenic beauty, tourist attraction and business opportunities of beautiful Jiangxi province China and also to showcase the fine porcelain products that Jiangxi Province is so famous for dating back to the ancient 'Silk Road' trade. The conference also encouraged developing China /Australian business relationships following President Xi Jinping's recent visit and signing of free trade agreements between China and Australia.
A delegation of business people from Jiangxi Province met with a delegation of Australian business people to formally ratify current China - Australia business relationships, particularly those relationships between Jiangxi Province business people and Australian's.
Wanguo owns the Xinzhuang Mine and mineral processing facilities within Jiangxi Province. Mr De Lacey and Mr Gao participated in this signing ceremony as a demonstration of the
commitment between both Wanguo and CSD and to ratify the existing agreements that were signed between Snow Peak Mining and Wanguo in October 2014. These agreements were transferred to CSD in January 2015 as part of the CSD acquisition of Snow Peak Mining assets, as per the 'SPM-Wanguo Farm-in Agreement' SPM ASX release on the 14th July 2014 and subsequent 'CSD Transitions from Explorer to Producer' ASX release on the 15th January
2015.
Wanguo commenced the 2015 exploration season on CSD tenements in May 2015 with a team of eight experienced technical personnel establishing a field camp on site at Einasleigh and continuing detailed geophysics and geochemical field surveys with plans to commence drilling across the Einasleigh district as well as Surveyor Tenement.
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ASX/MEDIA RELEASE: CSD
1st July 2015 Consolidated T in Mines Limited
CSD and Wanguo are excited about the potential opportunities that both companies can realise through the exploration agreements and on-going exploration programs. Both companies are also actively working together to further strengthen the business relationship and investigate all opportunities to grow both businesses.
Consolidated Tin Mines (ASX: CSD) is a base metal producing company currently producing Zinc, Lead and Copper concentrates with a Silver co-product. The company operates two mines, with the ore processed at Mt Garnet located approximately 180km south west of Cairns in Northern Queensland. The company is also actively exploring within the highly prospective Einasleigh/Greenvale area in North Queensland through a free carry farm-in agreement. The company is also a focused tin explorer and developer. Its major tin development project, comprising the Gillian and Pinnacles deposits, is also located at Mt Garnet in North Queensland. All CSD projects are located in established mining areas in close proximity to the company's owned and operating concentrating infrastructure.
Consolidated Tin's objective is to maintain current base metal production and develop the tin project into a major low cost, open pit mining operation. On completion of a favourable DFS, Consolidated Tin's strategy will be to develop and establish production and focus on increasing mine life and production profile by developing other tin and base metal production opportunities within the broader Mt Garnet/Greenvale/Einasleigh region. The Company will continue to focus on diversifying its asset base.
Wanguo International Mining Group Limited (Wanguo) is principally engaged in the business of mining, ore processing and sale of concentrate products in China. Copper and iron concentrates are their core commodities. Wanguo own the Xinzhuang Mine and processing facilities within a mining licence issued by the Department of Land and Resources of Jiangxi Province,
Picture in Sydney, Australia at the signing ceremony for the Jiangxi Province PRC, Mr Qiang Wei, Party Secretary of China Jiangxi Provincial Committee (rear row 6th from right), Mrs Tang Ying, Acting Consul-General, Consulate-General of the PRCin Sydney (rear row 4th from right), Mr Gao Mingqing, Executive Chairman and CEO of Wanguo (front row second from right), and Mr Ralph De Lacey, Joint Executive Chairman of CSD (front row first from
right)
2 Consolidated Tin Mines Limited
ASX/MEDIA RELEASE: CSD
1st July 2015 Consolidated T in Mines Limited
Picture in Sydney, Australia at the signing ceremony for the Jiangxi Province PRC. Left to Right:Mr Martin Cai, Executive Director and CFO of CSD, Mr Gao Mingqing, Executive Chairman and CEO of Wanguo, Mr Ralph De Lacey, Joint Executive Chairman of CSD
Picture in Sydney, Australia at the signing ceremony for the Jiangxi Province PRC.Left to Right: Mrs Jinzhu Gao, Executive Vice Managing Director of Wanguo, Ms Li Zheng, Managing Director of China Exim Bank, Jiangxi Province, Mr Gao Mingqing, Executive Chairman and CEO of Wanguo, Martin Cai, Executive Director and CFO of CSD
For further information please contact: Cairns Corporate Headquarters Phone: +61 (0) 7 4032 3319
Website: www.csdtin.com.au
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