Two new companies with tin projects – Bellevue Resources and Noah Resources – made their debut on the Australian Stock Exchange today. Following the launch of Macquarie Harbour Mining last week, there are now some 30 juniors with varying degrees of tin interests listed on the ASX. One further new entrant, Consolidated Tin Mines, is currently conducting an IPO and is due to be listed in early January.
Bellevue owns the Running River project 120 km northwest of Townsville, Queensland, where it is due to start a drilling programme at the end of the wet season in the second quarter of next year. Both alluvial and hard rock tin mining had been carried out there from 1870 to 1991.
Noah either owns or can earn majority interests in five tenements in the Lachlan Fold Belt of southern New South Wales, covering a total area of 659 square kilometres. Its exploration targets include molybdenum and tungsten, tin and gold. Deposits of tungsten, tin and gold are known within the tenements, and historical mining and exploration has been undertaken on all the tenements.
Macquarie Harbour Mining has 1200 sq km of wholly-owned tenements in two of Tasmania’s most prospective and historic mining regions – the northeast and the west coast. Its initial target will be the gold and tin prospects within the North East Tasmanian project area, which contains 10 old gold mines and 13 alluvial tin deposits. The company is also exploring for copper, nickel and zinc.
Consolidated Tin Mines is focussed on tin and owns hard rock and alluvial projects in the Herberton-Mt Garnet and Tate tin fields in northern Queensland, including the Gillian and Windermere properties which were recently acquired from Metals X.
