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Ann: First Sale of Tin Concentrate from Granville, page-6

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Hardrock25

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06/10/17

09:47

Post #: 27703887
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Originally posted by senderos ↑

Finally

Aus Tin Mining Limited (ASX:ANW)
6 October 2017
First Sales of Tin Concentrate from Granville Tin Project
The Directors of Aus Tin Mining Limited (the Company) are pleased to announce the Company has
undertaken its first sale of tin concentrate from the Granville Tin Project under its off‐take agreement
with Traxys Europe (Traxys). The shipment, which was dispatched from Zeehan late yesterday
afternoon, comprised approximately five tonnes of high grade tin concentrate assaying 62.7%Sn and will
be used to pilot the logistics chain and commercial arrangements under the Traxys off‐take agreement,
and provide the receiving smelter with a “trial” parcel of tin concentrate ahead of future shipments.
Under the commercial terms of the off‐take agreement with Traxys the Company will receive a
provisional payment for 95 percent of the contained tin adjusted for treatment charges and penalties,
with the balance calculated on receipt of final assays and weights from the receiving smelter.
Granville Tin Project – Shipment Number 1
Commenting on this significant milestone for the Company, CEO Peter Williams said “We are pleased to
have dispatched the first shipment of tin concentrate from the Granville Tin Project and are delighted to
be partnering with global metals trading house Traxys for concentrate sales. Notwithstanding some of
the operational challenges experienced to date, this first shipment represents another step in the
Company realising its vision to become a major Australian tin producer.”
On behalf of the Board
KM Schlobohm
Company Secretary
Aus Tin Mining Limited Level 27, 111 Eagle Street, Brisbane, Qld 4000 (GPO Box 5261)

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My highlight take from this is the "Five tonnes of high grade tin concentrate assaying 62.7%Sn and will be used to pilot the logistics chain and commercial arrangements under the Traxys off‐take agreement"

Pay particular attention the piloting of logistics chain arrangements under the off-take agreement as this reads to me establishing continual steady stream sales supplies.
Very excited indeed! Great milestone achieved!

ANW Price at posting: 0.9¢ Sentiment: Hold Disclosure: Held
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