GRANVILLE TIN PROJECT


De-risked project ramping up with first representative material from mine

Granville is largely de-risked with the capital works program completed, Level 1 processing operations being used to optimise the plant and confirmation of concentrate acceptance by smelter

  • Granville Expansion

    • Mining of high grade skarn material commenced with first skarn material mined in April (most representative of ore type at Granville) assaying an arithmetic average grade of 1.8%Sn [1].

    • Concentrate shipments resumed with initial concentrate production from hanging-wall material and ramping up with transition to processing of skarn material

    • Granville forecast to generate strong margins with estimated cash cost of A$17,300/t [2] of recovered tin vs a current tin price of A$28,000/t and pursuing opportunities for operational and financial efficiencies (eg potential sale of waste rock [3]).

  • Potential to extend the Life of Mine with potential extension of mineralisation at depth at current pit and opportunities to exploit other regional tin deposits both within and/or outside current mining lease

[1] Refer ASX Announcement dated 12h April 2019

[2] Refer ASX Announcement dated 12th April 2018

[3] Refer ASX Announcement dated 29th March 2019

Overview of open cut pit with skarn material (orange) in current base of pit (16th April 2019)

Overview of open cut pit with skarn material (orange) in current base of pit (16th April 2019)

Dispatch of one tonne bags of tin concentrate (29th April 2019)

Dispatch of one tonne bags of tin concentrate (29th April 2019)