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Consolidated Tin Mines
Consolidated Tin Mines is an emerging ASX-listed (ASX: CSD) tin explorer and developer, whose major project is the Mt Garnet Tin Project near Cairns in the state of Queensland in northeast Australia.
The project is located in an established mining area, close to all infrastructure, in the Herberton Tin Field. Consolidated Tin's objective is to develop the Mt Garnet Tin Project into a major low cost, open pit tin mining operation.
The Mt Garnet Tin Project is made up of three key deposits; the Gillian, Pinnacles and Windermere deposits. The Company's development strategy is to confirm an initial JORC Resource base of 8Mt-10Mt of tin from the three deposits, to feed a proposed centralised mill and process about one million tonnes per annum to produce about 5,000tonnes of tin per annum.
Consolidated Tin has conducted extensive exploration programs at the project, and it has a total current JORC Resource of 12.05Mt @ 0.4% Tin. This includes a JORC Measured Resource of 2.53Mt @ 0.78% Tin at the Gillian deposit. In addition, the project also has an iron Resource of 12.05Mt @ 23.44% Iron which is upgradeable to a high grade Fe product.
The Company completed a pre-feasibility study for the Mt Garnet Tin Project in September 2013, which demonstrated the technical and economic viability of the Project utilising the existing MT Garnet concentrator infrastructure. A Definitive Feasibility Study currently under way is expected to be completed in mid-2015.
The Company signed an Agreement with Snow Peak Mining (SPM) in October 2014 to acquire all SPM's assets, including the Mt Garnet concentrator, the Surveyor-Balcooma mine, the Eiansleigh and Maitland projects, all associated mining tenements, mining plant and equipment, and mining information. The agreement is subject to CSD shareholder approval at a general meeting scheduled for January 2015.
Mt Garnet Concentrator (proposed acquisition from Snow Peak Mining)