The Directors of Aus Tin Mining Limited (the Company) are pleased to provide the following update in respect of the Granville Tin Project.
Following the appointed of liquidators on 4th March 2019 to the incumbent mining contractors Jemrok Pty Ltd (Jemrok), the Company has terminated the contract with Jemrok and is progressing the necessary arrangements to commence owner mining at the Granville East Mine. The decision to adopt owner mining as opposed to appointing another contractor was based on minimising disruption to the project by utilising the existing equipment at site and employment of ex-Jemrok employees. The Company considers owner mining will deliver greater control and improvement in mine productivity following a decline in productivity in early 2019. Under the owner mining model, waste mining operations have resumed following a period of lost production attributable to the collapse of Jemrok, and ore mining is expected to resume in the coming fortnight.
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