Ann: Recommencement of Mining at Sherwood, page-22

The Company’s two major projects are currently:

The Taronga Tin Project (100% Aus Tin Mining)
This is a substantial tin deposit by world standards and would be
highly profitable if operational at current tin prices. The Company is
progressing its plans for bulk ore testing, with NSW Govt approval
recently obtained. This will assist Aus Tin with the process of
unlocking further project value, as outlined below.


The Ashford Coking Coal Project (40% Aus Tin Mining)
Like Taronga, the Ashford Project would be very profitable if it was
currently in production – coking coal prices have recently touched
all-time highs. Importantly, Ashford is primarily a coking coal project,
and as such, its coal is expected to remain in demand as an essential
ingredient in steel making for the foreseeable future.


This is a classic announcement from ANW. There is no competition with management of LNY & ANW. They are unbeatable.