Consolidated Tin Adds to Resource

SHANGHAI, Sep. 9 -- Queensland-based Consolidated Tin Mines has now been granted a development licence for the Windermere project by the state government. This allows it to add to its total resource within the Mt Garnet area near Cairns.

The Windermere project has a current inferred JORC mineral resource of 2.1Mt at 0.55% tin. This increases the total JORC Mineral Resource at the Mt Garnet project to 7.3Mt at 0.6% tin, across its three key project areas - Gillian, Pinnacles and Deadmans Gully/Windermere. Both the Gillian project – which contains the highest grade ore – and Windermere were acquired by CTM from Metals X. Recent studies indicate that a central mill which would treat ore from all potential mining activity in the area could achieve 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.