Australian tin project developer Consolidated Tin Mines (ASX: CSD) has reported strong interest in the Mt Garnet Tin project - from potential Chinese off-take partners and investors, during a recent trip to China.
CSD is developing the Mt Garnet Tin Project near Cairns in northern Queensland, as a large scale, long term producing mine.
Consolidated Tin Managing Director Ralph De Lacey met major tin smelting groups and other end-user groups in China. Interest was positive for development of Mt Garnet and in sale of tin concentrate.
From the meetings, it was gleaned that demand for tin remainded - "strong" and outlook was "positive".
Investors may recall Consolidated Tin has a portfolio of quality tin assets at the Mt Garnet Project in the Herberton Tin Field. It is also one of Australia’s largest tin producing areas.
Total JORC resource at Mt Garnet Project is 5.3Mt @ 0.6% Tin (Sn).
The project area is made of three principle projects – Gillian, Pinnacles and Deadmans Gully.
CSD aims to become Queensland’s major tin producing company. There is also a portfolio of alluvial tin projects in the same region, which it is looking to bring into production in the near term, to provide strong cash flows for the Company.
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