1988 Annual report MLN 995 Bynoe Joint Venture

Abstract

The 1988 exploration programme was aimed at expanding the 'soft rock' alluvial and pegmatite hosted Sn-Ta reserves. This programme was implemented by Greenex the exploration division of Greenbushes Ltd on behalf of both Greenbushes Ltd and Barbara Mining Corporation Ltd, a subsidiary of Bayer AG of West Germany. The 1988 exploration programme for MLN 995 expanded project reserves. Tin and tantalum, the commodities under consideration have both had high points during the year, but for tin the rise was short-lived. Tantalum has continued to rise in price through the year and this continues to be the trend although there appears to be some tendercy towards stabilisation in the US45-50 dollar per pound range.