Queensland-based Consolidated Tin Mines announced a major resource upgrade at its Mt Garnet Tin Project, bringing the total measured, indicated and inferred JORC resource to 5.3 million tonnes at 0.6% tin. The resource upgrade is a result of Consolidated Tin’s extensive drill programs in 2008, with more than 4, 000 metres of drilling at the company’s three key project areas at Mt Garnet – Gillian, Deadmans Gully and Windermere.
The Gillian project, formerly owned by Metals X, accounts for a major portion of the total, with 3.0 Mt at 0.8% tin, and will be the first of the three to be developed. CTM’s goal is to establish 8-10 Mt JORC resource and it plans to construct a centrally located mill with 1 Mtpa ore treatment capacity to produce 5,000 tpy of tin-in-concentrate over an initial eight to ten year mine life. The company, listed on the Australian Stock Exchange in February 2008, hopes to start production from the Mt Garnet project from 2011, and also has smaller scale alluvial tin properties which could come into operation earlier.
