Consolidated Tin Mines has reached agreement with Yunnan Tin Group and its Australian offshoot on a staged plan to work together in developing its Mount Garnet project in northern Queensland.
In a statement Consolidate Tin Mines (ASX: CSD) said: “YTG and CSD have been in discussion for some months with a view to developing a cooperation strategy. In mid-June 2014 a team of YTG senior technical experts visited CSD sites at Mt Garnet, including the Snow Peak Mining Pty Ltd Concentrator, in North Queensland. As a result of this site visit the two companies have entered into a formal agreement to progressively develop a staged mutually beneficial relationship based on sharing current tin processing technology and expertise. Dependent on results from stage one, CSD may elect to enter a second stage in which YTG would conduct laboratory scale tests on CSD tin ore samples, followed by a third stage of pilot scale industrial testing.”
ITRI View: A Definitive Feasibility Study on the project is due later this year. CSD may be particularly interested in what YTG can share on tin fuming technology, which may be a key step in treating the complex ore from its Gillian mine project. The company is already heavily involved with Chinese companies, including its major shareholder Snow Peak and most recently Wanguo International Mining, with which it has signed an MOU on base metals exploration in the area. Meanwhile YTG has a stake in Australia’s Renison mine, where a tailings treatment project is also likely to involve tin fuming.
