Kasbah Reports Strong Development in Q1

Kasbah Resources (ASX:KAS) released their quarter one report highlighting the companies ongoing tin exploration and development at the Achmmach Project in Morocco.  During the quarter Kasbah completed a two tonne bulk sample ore sorting program with a confirmed potential 34 percent increase in tin head grade. The company was also able to reduce the size of the process plant from 750,000 tpa to 500,000 tpa, and a resultant reduction in the required tailings dam capacity which will have a positive impact on operating and capital costs. During the first quarter of 2018 tin prices increased and the outlook continues to remain positive; the LME tin price ranged from US$19,850 to US$22,100 during the quarter, closing at US$21,100 at the end of March. The LME cash price increased by 6.3 percent over the quarter. LME stocks of tin remain at historically low levels reaching a low of 1,555 tonnes in early March.

As quoted in the press release:

The March quarter saw Kasbah continue to successfully advance its project enhancing test work program at the Achmmach Tin Project, which included the confirmation of the suitability of Ore Sorting and High Pressure Grinding Rolls (HPRGs) for use at Achmmach – and their ability to deliver robust improvements to project economics. Kasbah remains on track to deliver a new Definitive Feasibility Study (DFS) in H1 2018.

“The results achieved with the success of the bulk test with the ore sorter are significant. The benefits of the reduced plant size, operating costs and tailings requirements will be reflected in the DFS. The other test work performed to date has also generated positive results, making the additional time and effort we have taken worthwhile. As we get closer to the release of the 2018 DFS, we remain focused on producing a fully costed robust project with limited and well understood risks,” said Russell Clark, CEO of Kasbah Resources.

Click here to read the full quarterly report