With global tin supply and prices under pressure from the metal’s emerging shortages, the developers of a major high grade Tasmanian mine project say they will look to prioritise development of the ore body’s higher grade core of mineralisation.

The Mount Lindsay project north of Zeehan in western Tasmania is one of the largest undeveloped tin projects in the world, containing in excess of 80,000 tonnes of contained tin metal – and is now the subject of an intense underground mining scoping study by owner, ASX-listed Venture Minerals.

Addressing the second day of the Paydirt 2019 Battery Minerals Conference in Perth, Venture’s Managing Director Andrew  Radonjic said the price of tin currently had risen to in excess of $30,000 per tonne.

"Visible tin stocks globally are at near record lows with less than a month’s supply in stockpiles,” Mr Radonjic said.

“Concerningly, most world tin production still comes from higher risk jurisdictions.

“So if you combine these market pressures with increasing equity market desire to invest in more ethical mining jurisdictions, only Australia and Canada offer that truly transparent pathway for tin production compared to the historic tin supplier countries globally.

“And there are few major tin projects in these ‘safe’ houses of Australia and Canada.

“These factors underpin our decision to push ahead to develop Mt Lindsay’s tin potential, with an underground scoping study underway and due for completion in the coming weeks.

"It is time to explore new strategies to optimise Mt Lindsay’s higher grade tin zones.”

Venture plans to export through the port of Burnie to the northeast of the mine site. An initial feasibility study has been completed as has comprehensive metallurgical test work. Further post-feasibility work has delivered a very high grade 75 per cent tin concentrate from Mt Lindsay.

The underground scoping study is focused on mining high grade portions with underground access to be located further down the side of Mt Lindsay. All waste material will be placed back into the mine as stope fill to maximise mine recovery and the mill site will potentially be located outside the Tarkine forest boundaries to further minimise the mine’s footprint.

Venture is also advancing a smaller and simpler processing feasibility study to reduce Mt Lindsay’s initial capital expenditure.

The Company has appointed UTS Geophysics to conduct a high resolution airborne electromagnetic survey over the entire Mt Lindsay project area, in a move designed to generate further high grade tin drill targets.

The project also hosts significant tungsten and magnetite credits.