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CLARA RESOURCES AUSTRALIA LTD — AGM Information 2015
Nov 11, 2015
64598_rns_2015-11-11_0eb5299d-c4e3-45cb-afb7-df97fe2acddf.pdf
AGM Information
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Aus Tin Mining Limited (ASX:ANW) Developing Australian Tin Projects
Annual General Meeting – 12[th] November 2015
Important Information
Forward Looking Statement
This presentation may contain certain statements and projections provided by or on behalf of Aus Tin Mining Limited (Aus Tin Mining) with respect to the anticipated future undertakings. These forward-looking statements reflect various assumptions by or on behalf of Aus Tin Mining. Accordingly, these statements are subject to significant business, economic and competitive uncertainties and contingencies associated with exploration and/or mining which may be beyond the control of Aus Tin Minin g which could cause actual results or trends to differ materiall y , includin g but not limited to p rice fluctuations, ex p loration results, reserve and resource estimation, environmental risks, physical risks, legislative and regulatory changes, political risks, project delay or advancement, ability to meet funding requirements, factors relating to property title, native title and aboriginal heritage issues, dependence on key personnel, share price volatility, approvals and cost estimates. Accordingly, there can be no assurance that such statements and projections will be realised. Aus Tin Mining makes no representations as to the accuracy or completeness of any such statement of projections or that any forecasts will be achieved.
Additi ona ll y, A us Ti n Mi n i n g ma k es no represen t a ti on or warran t y, express or i mp li e d , i n re a l ti on t o, an d no respons ibilit y or li a bilit y ( w h e th er f or ne glig ence, un d er statute or otherwise) is or will be accepted by Aus Tin Mining or by any of their respective officers, directors, shareholders, partners, employees, or advisers as to or in relation to the accuracy or completeness of the information, statements, opinions or matters (express or implied) arising out of, contained in or derived from this presentation or any omission from this presentation or of any other written or oral information or opinions provided now or in the future to any interested party or its advisers. In furnishing this presentation, Aus Tin Mining undertakes no obligation to provide any additional or updated information whether as a result of new information, future events or results or otherwise.
Nothing in this material should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities. It does not include all available information and should not be used in isolation as a basis to invest in Aus Tin Mining Limited.
Competent Persons Statement
The information in this presentation that relates to Exploration Targets and Exploration Results is based on information compiled by Mr Nicholas Mather B.Sc (Hons) Geol., who is a Member of The Australian Institute of Mining and Metallurgy. Mr Mather is employed by Samuel Capital Pty Ltd, which provides certain consultancy services including the provision of Mr Mather as a Director of Aus Tin Mining. Mr Mather has more than five years experience which is relevant to the style of mineralisation and type of deposit being reported and to the activity, which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘ Australasian Code for Reporting of Exploration Results , Minerals Resources and Ore Reserves ’ (the JORC Code) . This public report is issued with the prior written consent of the Competent Person(s) as to the form and context in which it appears. The information in this Announcement that relates to Mineral Resources is based on information extracted from the report entitled “Maiden JORC Resource Estimated for the Taronga Tin Project” created on 26[th] August 2013 and is available to view on www.austinmining.com.au Aus Tin Mining confirms that the form and context in which the Com p etent Person’s findin g s are p resented have not been materiall y modified from the ori g inal market announcement.
In the information in this Announcement that relates to Ore Reserves is based on information extracted from the report entitled “Pre-Feasibility Advances the Taronga Tin Project” created on 7[th] April 2014 and is available to view on www.austinmining.com.au. Aus Tin Mining confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.
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2.
Highlights for 2015
A focus on the transition from explorer to producer…
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Progressing the low CAPEX/OPEX Taronga Stage 1 Project
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Evaluating short-term cash flow opportunities, Granville Tin Project the most advanced
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…whilst mainta n ng an aci i tive eve opmend l t / exp oral tion program nc ui l ding
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Drilling and metallurgical test work at Taronga Tin Project
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Maiden drillin ro ram at McDonalds Pros ect confirms hi h rade tin mineralisation g p g p g g
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Drilling program at Pembroke Project confirms nickel sulphide mineralisation at shallow depth
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Field reconnaissance at Marlborough identified two discrete nickel/cobalt/platinum targets
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Progressed preparatory works for future exploration at Dutchman & Harts
Corporate
- Successful capital raising ($1.4M) plus new major shareholder
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3.
– Taronga Stage 1 Project[1] testing the upside and generating cash flow
Rationale
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Assess areas of u p side , includin g resource g rade , tin recovery and recovery of by-product credits
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Generate operating data
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Leverage outcomes into main Taronga development (per the Pre-Feasibility Study)
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Revenues expected to meet all CAPEX & OPEX assoc a i t e d w ith t r a i l
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Development application process commenced
Program for 2016
Stage 1 Project (330kt) approximately 1% of total Minera Resource ( l 36 Mt)
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Target commencement of mining & processing
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Open Cut Pit (330kt ore @ 0.24%Sn)
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Crushing / gravity / flotation
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Production of tin concentrate for export
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1 Aus Tin Mining Ltd – ASX announcement dated 15h April 2015
4.
Granville Tin Project – proposed acquisition of production asset[1]
Granville Tin Project (north of Zeehan, Tasmania)
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Located in historic Mt Heemskirk field
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Operated since 1984 by private operators
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Established high-grade open pit (drilling intersections to 3 . 6%Sn[2] up )
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Existing Mining Leases
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Operational plant & infrastructure (on care & maintenance)
Rationale for Investment
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M o d es t acqu s i iti on cos t
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Minimal CAPEX to recommence Level 1 operation for early cash flow
Granville Processing Plant in foreground Mt Heemskirk in back g round
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Drilling completed by ANW provides basis for pursing increased production rate (Level 2)
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Hi sto ri c d ri ll in g suggests pote n t i al to e x te n d mineralisation at depth / along strike
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Operating synergies with Taronga Stage 1
1 Acquisition subject to due diligence and regulatory approvals 2 Historical exploration result - Stonehenge Metals Limited, ASX announcemen t d a e t d 8 N ovem b er 2006
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5.
Granville Tin Project – targeting near-term cash flow
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Re-start Processing plant (grinding, gravity, flotation)
Process existing ore stockpiles (including some crushed)
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Recommence mining operations at Granville East O p en Pit
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6.
Increased value potential also via exploration success
Tin exploration during 2015
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Maiden drillin g p ro g ram at McDonalds confirms high grade mineralisation
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MRDC001 [email protected]%Sn & [email protected]%Sn
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MRDC003 - 5m @ 0.58%Sn
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MRDC005) - 1 m @ 90 . 86%S n
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Acquired EL8335 prospective for high grade supplementary feed targets
Program for 2016
- Exploration at high grade supplementary feed targets of Dutchman & Harts and Specimen Hill
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Specimen Hill
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7.
McDonalds Prospect – recent drilling confirms high grade tin mineralisation
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Greisen Zone –
a large volume target
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8.
ANW’s Development Model
Granville Tin Project[1] (currently on care & maintenance) - R esume opera ti ons near erm an t d see k approva l f or expans on i
Taronga Stage 1 Project - Obtain necessary approvals, funding through Granville cash flow
T aronga uture ro F P j ect (PFS C omp ete l d) - Use technical data from Stage 1 Project to undertaken DFS
McDonalds - drilling confirms high grade mineralisation Dutchman / Harts – Exploration Target completed
Major
NSW - Specimen Hill, Pound Flat TAS – Central Big H, Heazlewood River
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1 Acquisition subject to due diligence and regulatory approvals
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9.
Investment Highlights
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Aus Tin Mining is progressing near term tin production with Granville Tin Project and Taronga Stage 1 Development
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Taronga Tin Project has several areas of upside to be tested during Stage 1
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Aus Tin Mining has completed a Pre-Feasibility and one of three only Australian tin projects with Ore Reserves (JORC 2012)
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Aus Tin Mining has an active exploration program underway
For further details please contact:
Peter Williams (CEO) on (07) 3303 0611 or [email protected]
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10.