activities update.

I think that we have missed emphasising the most important announcement today. That quarterly is the best yet and sets us to the end point.

Highlights include:

Highly positive PFS demonstrates the technical and economic viability of the project

1M tpa open cut tin mining operation

Forecast average production of 3,000 tpa tin in concentrate at 68% Sn, 235,000 tpa of iron (Fe) in concentrate at 65% Fe and 54,000 tpa fluorite at 86% CaF2

Minimum 9 year mine life

NPV of AU$110M at 8% discount rate using base case tin price of A$24,000/t

Snow Peak International Investments agreed to exercise 27.3M unlisted options progressively over coming months, to raise a total of $1.9M


Plus near-future events include:

Definitive Feasibility Study at Mt Garnet Project commenced and on schedule

In-fill and geotechnical drill program commenced

Test work and design for proposed tin recovery circuit to continue

Finalisation of agreement for utilisation of Mt Garnet concentrator

Recommencement of base metals production at Snow Peak Mining’s Mt Garnet concentrator

A final in-fill and geotechnical drill program

The Company will continue with test work and design for its proposed rotary kiln, with the intention of identifying a suitable offmshore partner (ideally a steel smelter) that will allow the company to locate and manage the final process on their (off-shore) site.

First production target is late 2014 and the Company remains on schedule with work programs required to meet this objective

Consolidated Tin and Snow Peak Mining Pty Ltd are ontinuing to work towards finalising an agreement to facilitate the future utilisation of Snow Peak’s concentrator at Mt Garnet for tin processing of output from Consolidated Tin’s Mt Garnet Project.

The coming months will also see the recommencement of base metals production at SPM’s Mt Garnet concentrator, under the management of Consolidated Tin.

The Company also continues to seek to maximize the value of the significant number of other tin exploration opportunities within the broader Mt Garnet tin project area, to further expand the Mt Garnet Project’s resource base.

Of course, most of this is out there already but for all those new to the CSD threads, I think these are the most important messages from today.

Plus, I was getting hammered on the old threads. ;-)
(Thanks though, the more information shared, the better we can collectively value our companies correctly.) And sorry, Pski, I wouldn't want to known too much as a CSD bull. Lol

Enjoy! (Last post tonight, I promise.)