SHANGHAI, Jun. 23 -- Consolidated Tin Mines announced the results of new metallurgical test work relating to its Mt Garnet project in Queensland, Australia which suggest that it can recover more tin into concentrates than previously estimated. New studies suggest tin recoveries of 68% in ore processing, which would result in tin-in-concentrate production of 3,175 tonnes per year at an initial ore throughput of 700,000 tpy. Eventual ore throughput could be one million tpy.
CTM managing director Ralph De Lacey is currently visiting China and will hold discussions with a number of investment groups and representatives of tin smelters on future off-take arrangements and joint venture investment partnerships for the development of the project.
The Mt Garnet Project has a total JORC-compliant resource of 5.27Mt at 0.64% tin. This includes a measured resource of 1.2Mt at 0.82% Tin and an indicated resource of 824,100 tonnes at 0.73% Tin.