Approximate location of the Achmmach tin project, owned by Atlantic Tin
Atlantic Tin Limited (formerly Kasbah Resources Limited) is an emerging tin producer that was founded in 2005 and listed on the ASX in 2007. The company is tin-focussed with majority ownership of its Achmmach project in Morocco. Atlantic Tin also has exploration permits for the nearby, early exploration stage Bou el Jaj tin project.
The Achmmach Tin Project
Achmmach is an advanced tin project located on the western edge of the El Hajeb province in Northern Morocco. Kasbah Resources has a 75% interest in Achmmach with Toyota Tsusho (20%) and the Nittetsu Mining Company (5%) making up the remainder. The project is comprised of two tin systems, the Sidi Addi Trend and the Meknes Trend, both approximately 1.6km long. Cassiterite is found within small but numerous quartz veins associated with silica tourmaline alteration and replacement of shear zones.
Tin was first discovered at Achmmach by the Moroccan government, who from 1991 undertook an extensive exploration and evaluation programme. This was continued by Kasbah Resources from 2007. In July 2018, Kasbah completed an updated definitive feasibility study (DFS), which superseded a 2016 “Small Start Option” (SSO) DFS. The project is now planned to begin at a significantly larger scale and will reduce the mining risk associated with the SSO strategy of defining higher-grade areas and targeting these in an early phase of operation. Implementation of ore sorting technology has also improved the project economics.
Having acquired all the major permits required as well as local support for the project, Kasbah and its Joint Venture partners are now looking to secure funding for full implementation. They are also seeking suitable engineering and mining contractors and off-takers for the tin product, with the aim of commencing construction in 2019 and production in 2020.
|Output (t/y Sn)||4,500|
|Mine Life (years)||10|
|Capital Cost (US$ M)||96.4|
|Cash Cost (US$/t of tin)||9,176|
Compliant Proven and Probable Reserve
|Ore (Mt)||7||Metal (t)|
Compliant Measured & Indicated Resource
|Ore (Mt)||14.9||Metal (t)|