Ann: Mount Lindsay delivers Australia's 3rd l, page-15

re: Ann: Mount Lindsay delivers Australia'... Hi PP,

My initial assessment is that the comparatively low tin values are more than offset by the magnetite and tungsten. The tin is present as cassiterite which is good. I would expect that it will be straightforward to extract by a combination of 200µm grind, magnetic separation and gravity concentration. Cassiterite is a salable product itself so there is no need to upgrade it further.

The combination of minerals, size of the resource and exploration potential make Mt Lindsay very attractive to potential JV partners. The small number of shares on issue and their low price probably make the company a takeover target too, now that resource uncertainty is diminishing.

I haven't checked magnetite demand but I expect this product would still be very salable provided it can be produced with low phosphorus and sulphur values.