Aus Tin Mining (ASX:ANW) Mt Cobalt project update


by Jessica Amir

Aus Tin Mining Limited (ASX:ANW) CEO Peter Williams provides an update on the company's latest high grade results from its Mt Cobalt project.

Jessica Amir:
Hi I’m Jessica Amir for the Finance News Network. Joining me now over the phone for a quick update from Aus Tin Mining (ASX:ANW) is its CEO, Peter Williams. Hi Peter, welcome back.

Peter Williams: Good morning Jessica.

Jessica Amir: The Company announced last Friday further high-grade cobalt drilling results from its most recent drilling program. Just give us some more details on that?

Peter Williams: Thanks Jessica and some fabulous results. The last three holes that we received assays for were part of a seven-hole program, that we completed to test the down gip extension and a long strike extension, at Mt Cobalt. The highest interval that we obtained during this last round of drilling was 25 metres at 0.32 per cent cobalt, which was a fantastic result. But also really encouraging was the fact that we got a number of very high-grade intersections, the highest being 1.48 per cent cobalt and 1.3 per cent nickel. And that was actually at the last interval of a hole that we drilled before we hit void. So in essence the hole ended in mineralisation, which is really encouraging. So we think some fabulous results and very much looking forward to the next round of work.

Jessica Amir: Your most recent announcement along with previous releases, all make reference to historic workings. Would you mind providing some detail on the history of mining at the site?

Peter Williams: Mining actually commenced in the Kilkivan area in the 1850s. They were looking for gold. A transition to Cobalt in the mid 1880s was the first report that we identified. It had been reported that up to 7.5% cobalt had been mined. What has happened since then is that we have done more work on that and we have identified a number of new reports. We have come to realised that the working up there is more extensive. And in fact, the report we identified just recently dated from 1901 has actually identified 2 explorations at it that were undertaken at the time. We have not looked at them yet but certainly, that’s something we are going to look at, going forward. So very exciting! We are trying to leverage as much as we can of some of those historic reports.

Jessica Amir: And lastly, what’s the company planning next for Mt Cobalt?

Peter Williams: We’ve got a fairly large program of work evolving. I guess at Mt Cobalt directly, we’re going to pursue some drilling to the northwest of where we identified those recent high-grade results, and see if we can extend the mineralisation there. We’ve also got a program that we’re looking at, I guess the more original area, including a number of high-grade or historic high-grade cobalt areas, as well as the deep nickel sulphide target that we’ve had just north of Mt Cobalt. So certainly plenty of work coming up in three to six months.

Jessica Amir: Peter Williams, thank you so much for the update.

Peter Williams: Thanks Jessica.


Jessica Amir

Finance News Network
Jessica is a senior finance journalist and presents bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked in financial planning for over six years with leading wealth managers and in real estate.