ANNOUNCEMENT
3rd December 2015
ASX/MEDIA RELEASE
Consolidated Tin Mines Limited
ABN: 57 126 634 606
Phone: +61 (7) 4032 3319
info@csdtin.com.au www.csdtin.com.au
Pilot Plant Kiln
Snapshot:
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ABOUT CSDConsolidated Tin Mines (ASX: CSD) is a base metal producing company with a significant tin project in advanced stage DFS
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SHARES ON REGISTER279,970,521
TOP 5 SHAREHOLDERSCurrent CSD Share Price: $0.044
Current LME Price Tin: US$15,195
Zinc: US$1,530 Copper: US$4,588 Lead: US$1,638
Consolidated Tin Mines Limited (CSD) advises practical completion of the Gillian Definitive Feasibility Study (DFS). DFS results confirm significant tin recovery improvements from pre- feasibility study (PFS) (ASX release 30th September 2013) results of 72% Sn recovery to DFS
results of 85% to 95% Sn recovery with a marketable SnO2 product. The positive PFS
Snow Peak Int'l
ARM (NQ) Pty Ltd
22.8%
11.6%
announced on 30th
September 2013 included both Gillian and Pinnacles deposits resulting in a
Ralph De Lacey HSBC Custody No Baoxian Ji
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OBJECTIVE5.8%
2.2%
1.9%
nine year mine life at 1Mtpa throughput. The current DFS was done on the Gillian Deposit
alone with a direct throughput of 540,000tpa
Upon review of the Gillian DFS results and considering market changes post PFS completion, the CSD board has determined that the next appropriate step for the Mt Garnet Tin Project is to now progress the Gillian DFS to include the Pinnacles deposit in the DFS process. The 7Mt
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
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STRATEGYTo 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
Pinnacles Deposit contains Sn @ 0.3% and Fluorite @ 5.8%. It is expected that the addition of
the Pinnacles deposit to the Gillian DFS process will add significant improvement to the overall Mt Garnet Tin Project financial performance and ensure an appropriate level of confidence in and risk reduction to the project. The Company expects the Mt Garnet Tin Project DFS, with the inclusion of the Pinnacles deposit, to be completed in the first half of 2016.
For further information please contact: Cairns Corporate Headquarters Phone: +61 (0) 7 4032 3319
Website: www.csdtin.com.au Email: admin@csdtin.com.au
Registered Office:
395 Lake Street,
Cairns North, QLD, 4870 Ph: +61 (0) 7 4032 3319
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TIN (Sn) | Cut-off Sn_EQ % | Measured tonnes | Grade Sn% | Indicated tonnes | Grade Sn% | Inferred tonnes | Grade Sn% | Total tonnes | Grade Sn% |
Gillian | 0.2 | 1,105,000 | 0.73 | 1,563,000 | 0.62 | 930,000 | 0.61 | 3,599,000 | 0.65 |
Pinnacles | 0.33 | - | - | 5,461,000 | 0.30 | 1,575,000 | 0.30 | 7,035,000 | 0.30 |
Deadmans Gully | 0.18 | - | - | 444,000 | 0.34 | - | - | 444,000 | 0.34 |
Windermere | 0.25 | - | - | 829,000 | 0.26 | 1,211,000 | 0.27 | 2,040,000 | 0.27 |
TOTAL | 1,105,000 | 0.73 | 8,296,000 | 0.36 | 3,716,000 | 0.37 | 13,118,000 | 0.39 |
IRON (Fe) | Cut-off Sn_EQ % | Measured tonnes | Grade Fe% | Indicated tonnes | Grade Fe% | Inferred tonnes | Grade Fe% | Total tonnes | Grade Fe% |
Gillian | 0.2 | 1,105,000 | 32.32 | 1,563,000 | 24.50 | 930,000 | 28.53 | 3,599,000 | 27.95 |
Pinnacles | 0.33 | - | - | 5,461,000 | 19.12 | 1,575,000 | 21.04 | 7,035,000 | 19.55 |
Deadmans Gully | 0.18 | - | - | 444,000 | 26.70 | - | 0.00 | 444,000 | 26.70 |
Windermere | 0.25 | - | - | 829,000 | 25.79 | 1,211,000 | 23.68 | 2,040,000 | 24.54 |
TOTAL | 1,105,000 | 32.32 | 8,296,000 | 21.21 | 3,716,000 | 23.78 | 13,118,000 | 22.87 |
FLUORINE (F) | Cut-off Sn_EQ % | Measured Grade tonnes F% | Indicated Grade tonnes F% | Inferred Grade tonnes F% | Grade Total tonnes F% |
Pinnacles | 0.33 | - - | 5,461,000 6.28 | 1,575,000 4.14 | 7,035,000 5.80 |
TOTAL | - - | 5,461,000 6.28 | 1,575,000 4.14 | 7,035,000 5.80 |
TIN EQUIVALENT (Sn_EQ) | Cut-off Sn_EQ % | Measured Sn_EQ tonnes % | Indicated Sn_EQ tonnes % | Inferred Sn_EQ tonnes % | Sn_EQ Total tonnes % | ||||
Gillian | 0.2 | 1,105,000 | 0.91 | 1,563,000 | 0.75 | 930,000 | 0.77 | 3,599,000 | 0.81 |
Pinnacles | 0.33 | - | - | 5,461,000 | 0.50 | 1,575,000 | 0.47 | 7,035,000 | 0.49 |
Deadmans Gully | 0.18 | - | - | 444,000 | 0.49 | - | 0.00 | 444,000 | 0.49 |
Windermere | 0.25 | - | - | 829,000 | 0.40 | 1,211,000 | 0.41 | 2,040,000 | 0.41 |
TOTAL | 1,105,000 | 0.91 | 8,296,000 | 0.54 | 3,716,000 | 0.53 | 13,118,000 | 0.56 |
Sn equiv alent is based on the following Formula, product pricing and metallurgical recov eries;
Sn%+(Fe%* FeREC* Fe$/t/Sn$/t)+(F%* FREC* F$/t/Sn$/t) (Sn%)+(Fe%* 0.75*(150/20,000))+(F%* 0.7*(400/20,000))
Sn = AU$ 20,000/tonne,
Fe = 75% recov ery @ AU$ 150/tonne F = 70% recov ery @ AU$ 400/tonne REC = Recov ery
The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and, in the case of estimates of Mineral Resources that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed.
The Company confirms that the form and context in which the Competent Person's findings are presented have not materially changed from the original market announcement.
Consolidated Tin Mines is finalising the acquisition and transfer of all assets held by SPM under an Asset Sale Agree (ASA) set out in a notice of meeting released to ASX on 1st December 2014. When complete the Company will become a base metal producing company producing Zinc, Lead and Copper concentrates with a Silver co- product. During the transitional period the company manages the SPM operations which produce polymetallic ore with the ore processed at the Mount Garnet concentrator located approximately 140km south west of Cairns in Northern Queensland. As part of the acquisition of SPM assets the company is actively exploring within the highly prospective Einasleigh/Greenvale area in North Queensland held by SPM through a free carry farm in agreement. The company is also a focused tin explorer and developer. Its major tin development project, comprised of the Gillian and Pinnacles deposits, is located at Mount 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.
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