Consolidated Tin Mines Releases PFS

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)