Guys this is what we have got by way of ann:
In today's ann it says:
"About Consolidated Tin Mines Limited
Consolidated Tin Mines has recently acquired all assets held by Snow Peak Mining Pty Ltd under an Asset Sale
Agreement set out in a notice of meeting released to ASX on 1st December 2014. The Company is now
producing Zinc, Lead and Copper concentrates with a Silver co-product.
The Company mining operation produces polymetallic ore with the ore processed at Mount Garnet located
approximately 140km south west of Cairns in Northern Queensland.
The Company is also a focused tin explorer and developer. Its major tin development project, comprised of
the Gillian and Pinnacles deposits, is located at Mount Garnet in North Queensland. All CSD projects are
located in established mining areas in close proximity to the Company owned Mt Garnet concentrating
infrastructure."
In the ann of 19 April it said:
Transfer of certain of the assets (including the tenements held by Snow Peak) to CSD will
occur following settlement under the ASA while the necessary approvals and consents are
obtained, including approval from the Foreign Investment Review Board (FIRB) for the
transfer of the tenements to CSD.
I checked with Ralph and he said the co is awaiting FIRB approval.
This is a formality - as I said before FIRB has previously approved this. Because of delays they need to seek approval again. As I said before, if we do not get FIRB approval I will happily donate my holdings to charity.
So yes CSD is a producer subject to FIRB approval for some of the assets!!
A little bit of patience required and as a great poster (Martis) was fond of saying "we await"!!![]()
Guys this is what we have got by way of ann: In today's ann it...
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