Jul 13, 2020

New deal on the table for Auctus mining assets

Consolidated Tin Mines plans to take over Auctus-owned operations in the Chillagoe region, west of Cairns, under a new $26.5 million deal with administrators. The acquisition includes the Mungana processing plant, the inactive Mungana mine and the King Vol polymetallic mine, which produces about 360,000 tonnes of ore per annum . Consolidated Tin Mines (CSD) says combining the Auctus assets with its existing operations in the region will deliver a well-diversfiied, high-grade, long-life polymetallic business. Gold potential a high priority ...

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