Unique Opportunity

Unique opportunity because

  • All assets can be acquired by purchasing the unencumbered Tin Dragon Pty Ltd.
  • Coherent large ground position. Prior tenement situation was too fragmented for effective exploration.
  • Australia’s low sovereign risk/ favourable mining culture compared to other tin resource areas.
  • Tasmania has a co‐operative helpful government Mineral Resources department.
  • Excellent infrastructure and climate. Local workforce with mining expertise. Ready access via network of public roads. Scheme water and electricity. Close to major population centres,140km to the city of Launceston.
  • Tin Dragon acquired onshore areas and resources previously held by Van Dieman Mines plc, which failed during the GFC after mismanaged attempts at mining at Scotia.
  • Benefit of over 140 years of exploration data by government and major tin exploration/mining companies – estimate cost to repeat this is >A10M.
  • Tin Dragon has assembled data totalling 77Gb. Includes more than 60,000m of drilling data. Modern GIS based and digitised historical work.
  • The deposits are open pittable, with methodologies established in prior mining.
  • Traditional high‐recovery metallurgy, producing clean concentrates.
  • By‐product production of gold, sapphires, and monazite.
  • Low capex and short development lead times can be expected, compared to offshore alluvials and to hard rock deposits.
  • No mining or exploration has taken place at the significant Pioneer and Endurance deposits for over 28 years.
  • Comprehensive environmental impact studies for Scotia and Endurance.
  • Previous government mining approval granted for the Scotia deposit.
  • No legacy legal liability for rehabilitation of prior mine sites.
  • Directors Jim Stewart and Paul Askins collectively have more than 70 years’ experience in mineral exploration, with substantial experience specifically in tin exploration.
  • The defined resources of 14000t of cassiterite are worth ca A$300 million in‐the‐ground.