Stage 1 project to evaluate upside and demonstrate Proof of Concept

  • Stage 1 trial mine and on-site pilot plant for ore processing

    • 340,000 tonnes of ore to be mined and processed over 18 months to produce concentrate for sale and provide samples to smelters.  Trial intended to commence with mining, crushing and sampling of 50,000 tonnes of material for reconciliation prior to majority of approx. Majority $3M capex for pilot plant and TSF in H2 2019

    • Fully permitted and located within freehold property owned by Company

  • Significant areas of upside to be investigated during the trial mine include1

    • Increased resource grade with both BHP & Newmont reporting bulk sample grades higher than drill grades. 2015 metallurgical sample was 52% higher compared to respective blocks from the 2013 published JORC compliant resource estimate

    • Increased tin recovery by employing latest gravity separation equipment including potential ore-sorting (based on 2018 testwork)

    • Increased tin grade with evaluation of silicate flotation for removal of diluents(based on 2015 testwork)

    • Recovery of by-product credits by generating a large sample from which comprehensive test work can be undertaken

    • Assessment of resource extension and/or exploration upside targeting Life of Extension targets and high-grade supplementary targets