Consolidated Tin Mines - ASX Media Announcement


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:



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

279,970,521

TOP 5 SHAREHOLDERS

Current CSD Share Price: $0.044

Current LME Price Tin: US$15,195

Zinc: US$1,530 Copper: US$4,588 Lead: US$1,638


Gillian Definitive Feasibility Study Update


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


OBJECTIVE

5.8%

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


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

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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Mineral Resources - Mount Garnet Tin Project (ASX Release 25 June 2014)



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.




About Consolidated Tin Mines Limited


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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