Consolidated Tin Mines Releases PFS

Industrial Metals

Consolidated Tin Mines (ASX:CSD) said Monday that its Mt Garnet Tin Project demonstrates technical and economic viability utilising the existing concentrator infrastructure.

Consolidated Tin Mines (ASX:CSD) said Monday that its Mt Garnet Tin Project demonstrates technical and economic viability utilising the existing concentrator infrastructure.

Key points of the prefeasibility study include:

  • 1Mtpa open cut mine forecast to produce average 2,944t per annum of tin in concentrate
  • Minimum 9 year mine life
  • NPV of A$184.1M before tax (A$110.3M after tax) at 8% discount rate using base case tin price of A$24,000/t
  • Capital payback indicated at 2 years, IRR of 111% after tax
  • Highly competitive production costs of A$91.94/tonne of ore Free On Board¹ (FOB)
  • Robust combined total cost of A$13,917/t tin FOB (with byproduct revenue credits)
  • Project capital cost to first production of A$76M 
  • Project average annual revenue expected to be A$127.4M
  • Annual average operating cash flow (after capital costs, before tax) of A$29.7M

Click here for the full press release by Consolidated Tin Mines (ASX:CSD)

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