Low-cost, value-accretive path of up to 10,000 tonnes of tin per annum
Both assets are located in low-risk, conflict-free jurisdictions and are located near good infrastructure, contributing to the very low projected start-up capex projected for each. Established reserves and simple mineralogy create a quick path to production and both assets also have active mining licenses granted over them.
Our aim is become a leading global tin producer that will supply fully traceable and verifiable tin units into fast-growth global industries which have a high requirement for this critical metal.
Low-cost, value-accretive path of up to 10,000 tonnes of tin per annum
Both assets are located in low-risk, conflict-free jurisdictions and are located near good infrastructure, contributing to the very low projected start-up capex projected for each. Established reserves and simple mineralogy create a quick path to production and both assets also have active mining licenses granted over them.
Our aim is become a leading global tin producer that will supply fully traceable and verifiable tin units into fast-growth global industries which have a high requirement for this critical metal.
Tellerhäuser – Germany
Existing infrastructure keeps capital cost low
Located within a tin district in Saxony, this asset is a former East German mine with good conditions underground.
The Tellerhäuser project forms part of the Rittersgrün license and is one of the world’s most advanced tin deposits. The asset includes a former GDR mine and has an exceptionally long history of mining. An active Mining Licence is already in place until 30 June 2070 for the extraction of mineral resources.
Tellerhäuser – Germany
Existing infrastructure keeps capital cost low
Located within a tin district in Saxony, this asset is a former East German mine with good conditions underground.
The Tellerhäuser project forms part of the Rittersgrün license and is one of the world’s most advanced tin deposits. The asset includes a former GDR mine and has an exceptionally long history of mining. An active Mining Licence is already in place until 30 June 2070 for the extraction of mineral resources.
Gottesberg – Germany
Possible satellite orebody development for processing at Tellerhäuser
Gottesberg is a historical project of global significance.
Geologically, the Gottesberg tin deposit is located at the western edge of the Eibenstock intrusive complex about 3 km from the western contact of the granite massif with the adjacent schist rocks.
Gottesberg – Germany
Possible satellite orebody development for processing at Tellerhäuser
Gottesberg is a historical project of global significance.
Geologically, the Gottesberg tin deposit is located at the western edge of the Eibenstock intrusive complex about 3 km from the western contact of the granite massif with the adjacent schist rocks.
Auersberg – Germany
Saxony’s largest tin anomally in stream sediments, immense exploration potential
Auersberg is the largest tin in stream sediment anomaly in Saxony. Its license area (175.7km²) adjoins Tellerhäuser and Gottesberg licenses, creating 237.8km² of continuous tenure for regional exploration.
The area has had numerous historical tin workings but practically no modern exploration.
Auersberg – Germany
Saxony’s largest tin anomally in stream sediments, immense exploration potential
Auersberg is the largest tin in stream sediment anomaly in Saxony. Its license area (175.7km²) adjoins Tellerhäuser and Gottesberg licenses, creating 237.8km² of continuous tenure for regional exploration.
The area has had numerous historical tin workings but practically no modern exploration.
Taronga – Australia
Simple metallurgy, supportive government, freehold land ownership
Taronga was acquired in 2022 and benefits from over one century of development, including extensive drilling, tunnelling, and mining.
Like with Tellerhäuser, Taronga is surrounded by excellent existing infrastructure and abundant underexplored tin showings, providing major exploration upside potential. Significant exploration work was undertaken by BHP in 1933, 1958, and 1964, and by the Newmont Joint Venture from 1979 to 1983.
Taronga – Australia
Simple metallurgy, supportive government, freehold land ownership
Taronga was acquired in 2022 and benefits from over one century of development, including extensive drilling, tunnelling, and mining.
Like with Tellerhäuser, Taronga is surrounded by excellent existing infrastructure and abundant underexplored tin showings, providing major exploration upside potential. Significant exploration work was undertaken by BHP in 1933, 1958, and 1964, and by the Newmont Joint Venture from 1979 to 1983.
Resources
Germany Underground Mineralisation
Classification | Deposit | Tonnage (Mt) | % Sn | Contained Tin (t) | Notes |
Measured | 0.0 | 0.00 | - | ||
Indicated | Tellerhäuser | 10.0 | 0.45 | 45,000 | 1,2,6 |
Gottesberg | 2.0 | 0.48 | 9,000 | 1,3,7 | |
Total Measured & Indicated | 12.0 | 0.45 | 54,000 | ||
Inferred | Tellerhäuser | 18.0 | 0.52 | 93,600 | 1,2,6 |
Gottesberg | 4.8 | 0.49 | 24,000 | 1,3,7 | |
Total Inferred | 22.8 | 0.52 | 117,600 | ||
Measured, Indicated and Inferred | Tellerhäuser | 27.9 | 0.50 | 138,600 | 1,2,6 |
Gottesberg | 6.8 | 0.49 | 33,000 | 1,3,7 | |
Total Measured, Indicated & Inferred | 35 | 0.49 | 171,600 |
Australia Open Pit Mineralisation
Classification | Deposit | Tonnage (Mt) | % Sn | Contained Tin (t) | Notes |
Measured | Taronga | 33.0 | 0.13 | 44,200 | 1,4,8 |
Indicated | Taronga | 38.9 | 0.11 | 42,000 | 1,4,8 |
Total Measured & Indicated | 71.9 | 0.12 | 86,200 | ||
Inferred | Taronga | 61.1 | 0.09 | 51,900 | 1,4,8 |
Total Inferred | 61.1 | 0.09 | 51,900 | ||
Total Measured, Indicated & Inferred | 133.0 | 0.10 | 138,100 |
Total
Classification | Deposit | Tonnage (Mt) | % Sn | Contained Tin (t) | Notes |
Measured | Taronga | 33.0 | 0.13 | 44,200 | 1,4,8 |
Indicated | Taronga | 38.9 | 0.11 | 42,000 | 1,4,8 |
Tellerhäuser | 10.0 | 0.45 | 45,000 | 1,2,6 | |
Gottesberg | 2.0 | 0.48 | 9,000 | 1,3,7 | |
Total Measured & Indcated | 83.9 | 0.17 | 140,200 | ||
Inferred | Taronga | 61.1 | 0.09 | 51,900 | 1,4,8 |
Tellerhäuser | 18.0 | 0.52 | 93,600 | 1,2,6 | |
Gottesberg | 4.8 | 0.49 | 24,000 | 1,3,7 | |
Total Inferred | 83.9 | 0.20 | 169,500 | ||
Measured, Indicated & Inferred | Taronga | 133.0 | 0.10 | 138,100 | 1,4,8 |
Tellerhäuser | 27.9 | 0.50 | 138,600 | 1,2,6 | |
Gottesberg | 6.8 | 0.49 | 33,000 | 1,3,7 | |
Total Measured, Indicated & Inferred | 167.7 | 0.18 | 309,700 |
Reserves
Australia Open Pit
Classification | Deposit | Tonnage (Mt) | % Sn | Contained Tin (t) | Notes |
Proved | Taronga | 26 | 0.14 | 36,000 | 1,9 |
Probable | Taronga | 13 | 0.12 | 16,000 | |
Proved + Probable | Taronga | 40 | 0.13 | 52,000 |
- Errors may occur due to rounding, all numbers quoted to a level of accuracy deemed by suitable consultants.
- Estimates prepared by DMT, April 2024, reported in accordance with JORC 2012 code and guidelines.
- Estimates prepared by Mining One, December 2021, reported in accordance with JORC 2012 code and guidelines.
- Estimates prepared by H&S Consultants, September 2023, reported in accordance with JORC 2012 code and guidelines.
- Estimates prepared by Australian Mine Design and Development (AMDAD), May 2024, reported in accordance with JORC 2012.
- Cut-off 0.20% Sn.
- Cut-off 0.35% Sn.
- Cut-off 0.05% Sn.
- Estimates prepared by AMDAD, May 2024.
JORC Code, 2012 Edition: