Consolidated tin Mine back on the bourse
CSD managing director Ralph De Lacey described the reinstatement to official quotation as a great achievement for the company and for its directors.
“This is a major part of the company’s long-term plan to develop the company’s significant asset holding and to have these assets recognised and transparently valued by the market,” he said.
“In parallel to the re-listing process, the company’s operations have been developing two projects, the new Mount Garnet Deeps underground mine project, which is adjacent to the Mount Garnet processing plant, and the re-establishment of the Dry River South mine at the Surveyor Project, 150km south of Mount Garnet .
“Both these mines are now nearing steady state production.”
Consolidated Tin securities had been suspended from official quotation since June 2016.
Recapitalisation has included securing loan facilities totalling $40 million through property firm Cyan Stone and two private equity placements that raised almost $24 million.
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