Historical mining at Cleveland produced a tailings legacy that the Company proposes to reprocess as stage 1 of its development strategy. The tailings are stored above ground on-site in two tailings dams. The tailings contain a substantial quantity of recoverable tin and copper due in part to operational inefficiencies and technical limitations of tin processing whilst the mine was in operation.
The Company has recently completed a Pre-feasibility Study (PFS). The PFS demonstrated that the Cleveland Tailings Project is both technically and financially viable, with a risk and opportunity profile that is competitive with or better than other global tin assets at a similar stage of development. Production is scheduled to commence in 2017.