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Atlas Tin established to develop Achmmach tin project

Post By: Peter Kettle on Tuesday, 15 April 2014

Kasbah Resources announced that it has signed a shareholders agreement with two Japanese companies to develop and operate the Achmmach mine project in Morocco. The shareholders agreement follows on from a previously signed memorandum of understanding with Toyota Tsusho Corporation (TTC) and Nittetsu Mining Co (NMC). Under the agreement, Kasbah subsidiary Atlas Tin SAS will be owned 75% by Kasbah, 20% by TTC and 5% by NMC. NMC has already made full payment for its stake, while Toyota has...

PFS advances AusTin Taronga project

Post By: Peter Kettle on Monday, 07 April 2014

ASX-listed AusTin Mining has today released details of a Pre-feasibility Study (PFS) on the Taronga tin project in New South Wales. The planned open pit mine would involve capital expenditure of Au$87.83 million and life of mine cash operating costs of Au$17,935/tonne of tin-in-concentrate. At a forecast tin price of US$25,000/tonne and Au$:US$ exchange rate of 0.90, the project has a pre-tax ungeared net present value of Au$63.15 million.

The PFS proposes processing the relatively simple ore at 2.5Mt...

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