Consolidated Tin Mines is an Australian Securities Exchange listed Company (ASX: CSD) with all operations located near Mount Garnet in North Queensland, Australia. The Company has recently transformed from a tin exploration and development company to an operating miner and producer.
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Consolidated Tin recently entered into an agreement to acquire 100% of Snow Peak Mining assets. This company-making acquisition significantly enhances the calibre and diversifies the project pipeline whilst also providing the Company with an operational 1Mtpa processing plant. A DFS is well advanced and due for completion near the end of the year with first tin production targeted for 2015.
Consolidated Tin (ASX: CSD) has a quality portfolio of tin projects located in the Mt Garnet region of north-east Queensland. Recently, the Company announced it had entered into a ‘company transforming’ agreement to acquire 100% of Snow Peak Mining’s (SPM) assets, significantly enhancing the calibre of both companies operations. The acquisition is still subject to shareholder approval.
SPM has a quality copper and polymetallic project pipeline in its own right, together with the operational 1Mtpa Mt Garnet Concentrator, located in close proximity to both of Consolidated Tin’s flagship tin projects. A previously completed pre-feasibility study indicated significant cash flow may be achieved by converting part of the existing copper and polymetallic processing plant to process tin ore instead. With CSD now seeking to acquire SPM’s entire suite of assets, opportunity exists to add capacity to the plant and process tin ore in parallel to the existing base metal concentrate production.
A Definitive Feasibility Study (DFS) is now nearing completion, with first tin production envisaged for 2015. Encouragingly, the DFS is supported by a recently announced ‘information and technology sharing agreement’ signed with the world’s largest tin producer, Yunnan Tin.
Snow Peak also recently signed agreements with Wanguo International Mining Group in which favourable terms present risk free exploration for Snow Peak/CSD, providing significant regional and near mine resource potential.
On the 27th of October 2014, Consolidated Tin announced that it had entered into an Agreement with Snow Peak Mining (SPM) to acquire its entire suite of assets...
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Official website: http://www.csdtin.com.au/
ASX on Hotcooper: http://hotcopper.com.au/asx/CSD