Tin
Additionally, Sky Metals has discovered visible cassiterite hosted in quartz veins at the base of the historical open pit alluvial lead mine.
The exploration programme is divided into two phases.
The Brandberg West licence has multiple documented occurrences indicating the presence of a large-scale tin-tungsten-copper system.
In recent years, YTC has made technological breakthroughs in recycling, the use of low-grade tin concentrates, new materials, electronics and chemicals.
Lead-acid battery tin use was significantly down from strong forecasted growth to decline -0.3% in 2022 but expected to resume growth at 2.3% in 2023.
Eloro Resources is a member of ITA’s Explorers and Developers Group.
Currently, it is reported that the Wa State government has approximately two million physical tonnes of mined raw ore stocks, with an estimated beneficiation potential of 5,000-6,000 metal tonnes of tin concentrate.
This advancement could help tap a huge reserve of lost tin from the value chain.
A tight concentrate supply lingers over China as producers look to stock up ahead of Myanmar suspension of mining, set to begin August 1st.
The company's discovery of multiple new tin-rich zones is exciting.
Moving forward, SKY intends to pursue exploration work on both projects.
With the tin price also performing well the company reported an expected EBITDA of US$ 31.4 million – a 53% quarter-on-quarter increase.
The document has since been confirmed by a United Wa State Army information official, as reported by Reuters.
The report highlights the impact of global changes on the sector. Changes such as rising geopolitical tensions, climate change urgency and macroeconomic shocks.