Heading out the Door, but yes G1 has ceased. And no we don't...

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17/03/18

18:08

Post #: 31830427
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Originally posted by ThePig ↑

Sorry to distract people from their slanging match but I'd like some opinions on something I picked up reading the half-yearly report:

Granville Tin Project (TAS) During the half the Company processed ore and reclaimed tailings under the Level 1 permit which provides that up to circa 2,500 tonnes of material be treated per annum. Processing under the Level 1 permit concluded in late 2017. During the half, the Company dispatched a five tonne parcel of high grade concentrate to pilot the logistics chain and provide the receiving smelter with a “trial” parcel of tin concentrate. During the half, recovery of tin to pre-concentrate further improved with reconfiguration of circuit for fine/coarse streams, multiple gravity stages and introduction of dewatering. At the end of Level 1 processing operations, the plant tails grade at 0.4%Sn was slightly higher than laboratory test work (approx. 0.3%Sn) but when normalised for a higher feed grade anticipated for fresh Run of Mine ore, tin recovery approximates that expected for Level 2 operations.

Could this mean that there is no further tin coming out of Level 1? Like other SH I would be interested in hearing from management about the status of the shipment that they sent off months ago

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Heading out the Door, but yes G1 has ceased. And no we don't know about the state of inventories or the balance of the 5T trial.

ANW Price at posting: 2.6¢ Sentiment: Buy Disclosure: Held
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Heading out the Door, but yes G1 has ceased. And no we don't...

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