ASX-listed Aus Tin Mining Ltd. has announced that the company has carried out its first sale of tin concentrate from the Granville Tin Project, near Zeehan, Tasmania, under its off-take agreement with Traxys Europe.
The shipment, which was dispatched on 5 October, totalled some five tonnes of concentrate assayed at some 63%Sn. This first delivery will be used to trial the logistical and commercial arrangements of the agreement with Traxys and well as provide a bulk concentrate delivery to the receiving smelter. Under the agreement with Traxys, Aus Tin will receive a 95% provisional payment for the contained tin, net-of-treatment charges and penalties.
Aus Tin CEO, Peter Williams, commented: “We are pleased to have dispatched the first shipment of tin concentrate from the Granville Tin Project and are delighted to be partnering with global metals trading house Traxys for concentrate sales… This first shipment represents another step in the Company realising its vision to become a major Australian tin producer.”
ITRI View: Production from the Granville tin project commenced in August 2016 and so far has focussed on the retreatment of tailings from historical mining activities present at the site. Production remains small with just 50 tonnes of tin-in-concentrate anticipated through to the end of 2017, although the Company is working to acquire the necessary approvals for an expansion of the operation. The proposed second stage operation will involve a larger dressing plant throughput and processing of significant levels of existing stockpiled ore in addition to run-of-mine material from a resumption of open-cast mining at the site.