Consolidated Tin ups resources at Mt Garnet
PERTH (miningweekly.com) – ASX-listed Consolidated Tin has increased the resource estimate at its Mt Garnet project, in Queensland, by 44%, achieving its inventory target to support project development.
The project was now estimated to host a resource of some 10.57-million tons, grading 0.44% tin. The new resource estimate also included a significant upgrade to the project’s iron and fluorine resource, which now stood at 10.57-million tons, grading 23.4% iron and 5.39-million tons grading 6.6% fluorine.
Consolidated Tin said that the new resource estimate was a major milestone in the development of the Mt Garnet project, as it achieved a resource target of an initial 8-million to 10-million tonnes required to support the development of the project into a major low-cost, openpit tin mining operation.
“This updated independent resource estimate is a significant achievement for the company and clearly indicates that there is sufficient feedstock to establish a major hard rock tin mining operation at Mt Garnet,” said MD Ralph De Lacey.
“This now enables us to move into the next phase of the project development and production. A close-spaced infill drilling programme is currently planned for the Gillian deposit to start in early July, with the objective of providing increased confidence in resource classification and potentially an improvement in the average tin grade for the deposit.”
De Lacey noted that the updated resource estimate would also form the basis of a prefeasibility study currently under way at Mt Garnet, based on a treatment rate of one-million tonnes a year through the existing Mt Garnet concentrator.
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