Aus Tin Mining Limited (AU:C7A) has released an update.
Aus Tin Mining Limited has made significant strides in its Ashford Coking Coal Project, securing shareholder approval to acquire 100% ownership of Renison Coal P/L and releasing a promising Scoping Study. The study outlines a viable open-pit mining operation with a 12-year life expectancy and robust financial projections, including a post-tax NPV10 of Au$156m. Additionally, the company is exploring the sale of its Granville Tin Project as it focuses on capitalizing on the expected rise in global coking coal demand and improved logistics from the Inland Rail Project completion.
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