Interesting update out
The Directors of Aus Tin Mining Limited (the Company) are pleased to provide the following update in
relation to the Company’s tin and cobalt projects.
Taronga Tin Project
Pre‐construction regulatory approvals for the Stage 1 Project are progressing and are summarised below:
The Company has now received an offer of grant from NSW Department of Planning and
Environment for Mining Lease Application 554 which incorporates the Stage 1 Project, and the
Company intends to satisfy all outstanding requirements for formal grant within the month;
The NSW Dam Safety Committee have advised the design for the tailings storage facility conforms
with its requirements and the Company is now progressing the construction certificate with the
Glen Innes Severn Council;
Applications for the water use licence and supply works have been submitted to the Natural
Resource Access Regulator and are currently being assessed, and the water access licence has been
approved by Water NSW;
Application for the Environmental Protection Licence was submitted to the Environment Protection
Authority during August and is currently being assessed; and
The Company intends to submit the draft Mining Operations Plan (MOP) to the Department of
Planning and Environment upon formal grant of the Mining Lease.
The Company previously issued an Expression of Interest to potential contractors for mining and tailings
dam construction services for the Stage 1 Project, and is currently progressing negotiations with preferred
parties.
The Company has dispatched a two tonne sample for ore sorting test work to be conducted by Tomra
Sorting Solutions Pty Ltd during September. The test work will further assess the amenability of Taronga
ore to ore‐sorting and if successful, provide design data for a production unit. In the interim, metallurgical
and engineering design for the Stage 1 pilot plant are well progressed.
Granville Tin Project
Pre‐production activities at the Granville East Mine have largely been completed, including the construction
of water management infrastructure, waste rock emplacements and crushing pads. Mining of waste rock
has commenced with temporary drilling equipment (Figure 1) ahead of the blast hole production drill due
to be mobilised later this month.
Construction of the new Tailings Storage Facility (TSF) had previously been suspended due to the wet
ground conditions and more efficient utilisation of equipment at the mine. The wall of the new TSF has
largely been constructed to a height of RL 199m compared with the final design height of RL 202.5m and
will resume at the earliest opportunity.
Aus Tin Mining Limited Level 27, 111 Eagle Street, Brisbane, Qld 4000 (GPO Box 5261)
Phone: 07 3303 0611, Fax: 07‐3303 0681, Website:
www.austinmining.com.au
Figure 1 – Temporary site drill undertaking works for first bench blast at Granville East Mine
Mt Cobalt Nickel‐Cobalt‐Copper Project
The Company has appointed a drilling contractor to undertake a program of work at Mt Cobalt and
Pembroke, with work scheduled to commence the first week of October subject to satisfactory weather.
The program will include up to six Reverse Circulation (RC) drill holes at two previously undrilled target
areas that may host shear zones. Drilling conducted earlier this year demonstrated shear zones at Mt
Cobalt contain high grade cobalt mineralisation (asbolite). The program will also include two RC/diamond
drill holes to target zones of high magnetic susceptibility at Pembroke and Mt Cobalt respectively.
In the interim, the Company is undertaking an Induced Polarisation (IP) survey at Mt Cobalt to assess the
chargeability proximate to the zone of high magnetic susceptibility. Zones of anomalous chargeability
levels may be indicative of
sulphide mineralisation and
provide additional data for drill
hole design. During August an
assessment of historic IP data
from Pembroke (1km south of
Mt Cobalt) was undertaken
from which a decision was made
to change the previously
proposed hole (PLN002) to a
hole that tests both the plunge
of the magnetic model and an
elevated IP anomaly (PLN003 in
Figure 2).
Figure 2 – Pembroke Magnetic
and Induced Polarisation Models
(with revised drill hole PLN003)
The Company will continue to update the market as the work at the three projects progresses.
On an another note, just read that
BHP took a slice of Solgold (that's the sort of news DGR holders were hoping for)
Taronga approvals are going through with no issues and Mt Cobalt now has a contracted driller starting at the beginning of next month. Always good to see a 3 project update, makes me excited for more of them!
(20min delay)