Registered Office: 395 Lake Street, Cairns North, QLD, 4870 ANNOUNCEMENT ASX/MEDIA RELEASEASX/MEDIA RELEASEASX/MEDIA RELEASE Consolidated Tin Mines Limited ABN: 57 126 634 606 Phone: +61 (7) 4032 3319 [email protected]Snapshot: Detailed information at www.csdtin.com.au Consolidated Tin Mines Limited (ASX: CSD) is a tin focused company developing a large scale tin project at Mt Garnet in the lower Herberton Tinfield in north Queensland __________________________ Consolidated Tin’s objective is to become Australia’s premier tin producing company. Our goals are: To confirm an initial JORC Resource base of 8Mt-10Mt To develop a centrally located mill capable of 1Mtpa producing 5,000t of tin metal in concentrate pa To develop a major low cost, open pit tin mining operation To explore other known mineralisation in current tenement holding to increase expansion and provide additional mine life 18 th of December 2012 Consolidated Tin Mines Major Shareholder acquires Kagara Central Region Project Acquisition includes existing Mill at Mt Garnet Snow Peak Mining Pty Ltd has entered into an Asset Sale Agreement to acquire the Kagara Central Region Project in northern Queensland. Total consideration for the acquisition is $40 million and is anticipated to be completed in late January 2013. Consolidated Tin Mines Limited has a 10% free carry interest in Snow Peak Mining Pty Ltd. Acquisition by Snow Peak Mining Pty Ltd is considered to be of strategic value and importance for Consolidated Tin Mines Limited. Project includes a 1Mtpa capacity Mill which is in good operating condition. Project area includes Mt Garnet, Balcooma, Maitland, Einasleigh and Baal Gammon Projects. Mill will initially be utilised to process copper and poly metallic ore from mines within the newly acquired project area. CSD will enter into to discussions with SPM regarding the potential to process production from CSD’s Mt Garnet Tin resources. Australian tin exploration and development company Consolidated Tin Mines Limited (ASX: CSD) (Consolidated Tin, the Company) is pleased to announce that Snow Peak Mining Pty Ltd (SPM), a company in which CSD holds a 10% interest, has entered into an Asset Sale Agreement (Agreement) for the acquisition of the Kagara Central Region Project (Kagara Project) at Mt Garnet, near Cairns in northern Queensland. SPM is a subsidiary of Hong Kong-based investment group Snow Peak International Investment Pty Ltd, which is Consolidated Tin’s major shareholder. Current CSD Share Price: $0.05 Current LME Tin Price: $22,850 For personal use only
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Registered Office:
395 Lake Street,
Cairns North, QLD, 4870
ANNOUNCEMENT
ASX/MEDIA RELEASEASX/MEDIA
RELEASEASX/MEDIA RELEASE
Consolidated Tin Mines Limited ABN: 57 126 634 606