Metals X flags fresh Tasmanian tin

Tin producer Metals X (ASX:MLX) has reported more ‘significant’ tin mineralisation from its 50% owned Renison Tin Operations in Tasmania. 

The drill hits come from diamond holes completed by Metals X joint venture (JV) vehicle Bluestone Mines Tasmania (BMT), which operates the project. The other half of the JV is owned by China-based Yunnan Tin Group. 

Metals X says the BMT JV is completing ongoing surface exploration drilling at the Ringrose prospect within the project area, roughly 750m south of the existing Renison mine development. 

Further to the drill results, Metals X has reported ‘significant success’ from recent downhole electromagnetics (DHEM) and surface fixed-loop electromagnetic (FLEM) surveys in the area, with multiple ‘large’ and ‘highly conductive’ zones outline.

The company adds that several ‘considerably large, extremely conductive’ zones identified from the survey work remain completely untested. 

Metals X Executive Director Brett Smith says the drilling and surveying results increase the company’s confidence in the area, and it now plans to verify these results with further near-mine exploration. 

“These results are significant, as they are within the existing mine concession and relatively close to existing underground infrastructure. 

This would allow future development without surface disturbance and additional permitting. The proximity and grade make expenditure to further define this area more attractive at present than looking at regional deposits of lower grade.”

Following an initial discovery within the Ringrose area back in September 2022, Metals X has now completed another 7 diamond drill holes targeting the mineralisation in the area. 

Looking ahead, Metals X says the BMT JV has 2 surface diamond rigs currently spinning across exploration targets at Renison, and the company has kicked off a closer-spaced infill program of 10 diamond holes for 2,800m at Ringrose. 

This drilling is expected to be completed by the third quarter of 2024. 

At the same time, the JV continues to model and interpret EM survey data, which it says will be used to help generate further drill targets for testing in the second half of 2024. 

Images: Metals X 
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Written By Joshua Smith
Joshua Smith has years of experience in the media sector, having worked as a markets reporter, features writer, and editor since completing a Communications and Journalism degree and a Creative Writing degree. Josh is an avid board game fan and a self-professed coffee snob.