Renison Project's Tin Production Rises in Q3

MT Newswires Live10-23

Tin production from the Renison Project rose by 16% to 2,899 tonnes in the three months ended Sept. 30 from 2,506 in the previous quarter, according to a Wednesday disclosure by Greentech Technology International (HKG:0195).

The project mined 196,999 tonnes of ore and processed 155,562 tonnes during the September quarter.

The grade of ore mined fell by 0.15 percentage points to around 1.9%, while the average quarterly recoveries increased to 79% from 74% in the previous quarter.

Greentech has a 50% equity interest in the Renison project through unit YT Parksong Australia. Metals X (ASX:MLX) owns the remaining 50% through its 50% stake in Bluestone Mines Tasmania Joint Venture.

Shares of Greentech closed nearly 36% lower on Wednesday.

Price (HKD): $0.28, Change: $-0.16, Percent Change: -35.63%

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