|Aus Tin Mining announces final regulatory approval for Taronga|
Posted on 16th May 2019 in General News.
On 13 May, Aus Tin Mining announced that the company has now received the final regulatory approval for its Taronga Stage 1 mining operations plan from the New South Wales Department of Planning and Environment.
The company is now interested in implementing its development plan before June 2019. The recently completed private placement and the share purchase plan announced earlier this month are expected to generate funds for the initial establishment of Taronga. Major investments in the project are anticipated for the second half of 2019, to coincide with the expected sustained cashflows from the company’s Granville tin project.
The Taronga tin project is among the five largest undeveloped tin reserves in the world, with a JORC resource of 57,200t of contained tin. A pre-feasibility study, completed in 2014, demonstrated that production of around 2,800tpy of contained tin is viable over a nine year project life. With both Taronga Stage 1 and Granville being developed, Aus Tin Mining is on track to add significantly to Australian tin supply in the next few years.
Roskill’s NEW Tin: Outlook to 2029 report will be published in August 2019. Click here to download the brochure or to access further information.