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Aus Tin Mining Announces Development Update for Taronga Stage 1

The Directors of Aus Tin Mining Limited (ASX:ANW; the Company) are pleased to advise that the Taronga Stage 1 Development Application is scheduled to be considered by the Glen Innes Severn Council (GISC) on Thursday 21st December 2017.

The Taronga Tin Project (located in northern NSW) is a large world class resource containing 57,200 tonnes of tin, 26,400 tonnes of copper and 4,400,000 ounces of silver. In April 2014, the Company announced the results of an updated Pre-Feasibility Study (Updated PFS) which demonstrated technical and economic viability of the Taronga Tin Project. Based on an Ore Reserve of 22Mt at 0.16%Sn, approximately 2.5Mt per annum would be treated to produce approximately 3,000 tonnes of tin in concentrate over a 9 year Life of Mine. A number of areas of potential upside were identified in conjunction with the Updated PFS, including increased plant feed grade, increased tin recovery, the recovery of by-product credits and extension of the Mineral Resource at depth, each of these having the potential to increase significantly the value of the project.


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