By Christian Moess Laursen
First Tin said an updated mineral resources estimate shows its tin metal resources at the Taronga project in Australia has increased 40% since the last estimate in 2014.
The Germany and Australia-focused tin miner said Thursday that the new estimate shows total contained tin metal of 51.7 million metric tons, which compares with 36.3 million tons in 2014.
The increase is mainly due to exploration drilling and successfully extending the mineral resource to the southwest of the existing estimate, a new geological interpretation as well as a reconfigured grade interpolation technique, the company said.
“The 2023 mineral resource estimate represents the culmination of a highly successful drill campaign at Taronga, which opened up new areas of mineralization and validated previous data,” Chief Executive Thomas Buenger said.
The Taronga project is owned by First Tin’s fully-owned subsidiary Taronga Mines.
Write to Christian Moess Laursen at [email protected]
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