Kasbah Resources has released a...
A lucrative tin project in Morocco could be a major tin resource, following the completion of a new feasibility study.
Kasbah Resources has released a DFS on an underground mine in Morocco, which could produce around 750,000 tonnes of tin per year.
The new Ore Reserve Estimate for its Achmmach Project is 7.0 million tonnes @ 0.82% Sn (Tin) for 58,000 tonnes of contained tin, which represents an increase in contained tin of 2,000 tonnes from the previous Ore Reserve reported in 2016.
Located close to the Moroccan capital of Rabat and 40km south southwest of Meknes, it is one of the most advanced tin development projects in the world.
“We are delighted with the new Ore Reserve Estimate. It has been incorporated in the 2018 Achmmach DFS which has been released to the market today, and forms a key component of the DFS,” said Russell Clark, Kasbah’s Chief Executive,
“The new and upgraded Ore Reserve was based on the improved cost base and revised mine plan for the Achmmach Project also included in the 2018 DFS, and the increased tonnage and contained tin has contributed to the positive results reported in the 2018 DFS today. In addition, the Achmmach tin deposit remains open at depth and along strike, and we see terrific potential for further near mine exploration success to deliver additional resources and ore reserves.”
Kasbah commenced exploration at Achmmach in 2007 with the objective to upgrade the small 2Mt JORC compliant resource by additional diamond drilling, then advance the project through scoping study, pre-feasibility study, definitive feasibility study and ultimately full project development.
Now with the new DFS results, Kasbah will look to target a 2019 or 2020 production date.
Achmmach has all of its major approvals in place, has large upside exploration potential at depth in the Meknes Trend and along the highly prospective Sidi Addi Trend and is the most advanced tin development project in the world.