TARONGA TIN PROJECT


A world class asset shaping up to be the “Company Maker”

Taronga is the 5th largest undeveloped tin reserve globally [1], based on 2013 JORC resource of 57,200 tonnes of contained tin, plus 26,400 tonnes of contained copper and 4.4 Moz of silver, plus potential for tungsten and molybdenum [2].

Located in safe and politically stable jurisdiction whereas many competing projects are located in more challenging parts of the world.

Significant work already undertaken including BHP (1950s) and Newmont (1980s).  Aus Tin Mining leveraged previous work to deliver a  Pre-Feasibility Study in 2014 that demonstrated technical and economic viability for an approximately 2,800 tpa tin in concentrate project.

Taronga forecast to be low cost tin miner and notwithstanding lower resource grade, open cut mining and pre-concentration, International Tin Association place Taronga in the 2nd quartile of 2022 global cash cost producers [3].

Taronga deposit continues at depth with potential depth extension below current pit design.  Historic drilling indicates higher grade at depth, including 2M @ 1.0%Sn from 351m and 1m @ 2.6%Sn from 169m [4].

Taronga located within a highly prospective and proven tin province.  ANW holds a dominant tenure position encompassing the mineralised Grampian Corridor and contact of the Mole Granite.  Exploration licences prospective for tin, copper, silver, lithium, tungsten, molybdenum and rubidium

Global Tion Miner Cost Curve.jpg

Global tin miner cost surve

(Source: International Tin)

Taronga Mioneralisation model.jpg

TARONGA MINERALISATION MODEL

(Source: AusTin Mining)

[1] Refer ASX Announcement dated 7th November 2018

[2] Refer ASX Announcement dated 13th May 2019 and Supporting Slide #1

[3] Refer ASX announcement dated 24th September 2018

[4] Refer ASX Announcement dated 12th November 2012