Tellerhäuser – Germany

Leveraging History and Infrastructure for Cost-Effective Mining

The Erzgebirge district, within which Tellerhäuser sits, has a long history of mining of base and precious metals dating back ca., 800 years. The Pöhla Adit (Tellerhäuser project) was started in 1967 to explore for uranium mineralisation with significant tin mineralisation also found within the skarn and schist, together with zinc, magnetite, indium and copper at varying grades. The Adit continued for 7.5km to Dreiberg where multiple shafts were sunk to access the deeper uranium mineralisation, which also contained tin bearing skarn. Mining at Dreiberg ceased in 1991 following German reunification.

Following some drilling in late 2022, a regulatory change allowed access to historical drilling data from the 1970s and 1980s, the equivalent of 1311 drillhole and channel samples, enabled Saxore to publish an updated MRE for Tellerhäuser in April 2024. This provided a 35% increase in Indicated and Inferred resources to 138,600t of contained tin. The increased tonnage, especially in the indicated category, will allow a longer mine life to be considered in future economic evaluations.

With favourable underground conditions and an existing mining licence, our plans include building an underground processing and water treatment plant to minimise environmental impact.

Due to the relatively small-scale surface footprint (<10ha), the Tellerhäuser project falls within the “fast-track” Fakultative LoMP (Life of Mine Plan) approval process. Theoretically, this should reduce the timing of the planning process as it does not require a formal Environmental Impact Assessment, with instead separate applications for water, forest conversion and waste disposal being required.