Consolidated Tin Mines : Exploration Update – Mt Garnet Deeps

ANNOUNCEMENT 1st February 2018

ASX/MEDIA RELEASE

ASX: CSD Share Price: $0.025 (suspended trading)

TIN MINES LIMITED

High Grade Zinc Intercepts - Mount Garnet Deeps

Consolidated Tin Mines Ltd (ASX: CSD) is pleased to provide an update on the assay results from two diamond drill holes for the Mt Garnet Deeps project, where drilling is targeting high-grade zinc mineralisation below the Mount Garnet deposit.

HIGHLIGHTS

•  Extension drilling returns significant widths of high-grade zinc mineralisation

•  Hole GTD262 returning:

  - 9.71m at 6.17 % Zn from 343.7m - 6.76m at 5.82 % Zn from 381.7m

•  Hole GTD263W returning:

  • - 2.7m at 8.07 % Zn from 314.1m

  • - 6.2m at 5.00 % Zn from 343.3m

  • - 13.4m at 5.72% Zn from 369m

These two holes are part of a larger five hole program (Figure 1) designed to follow up previously announced high grade intersections from the Jasmac mineralised zone, which currently spans a strike length of over 200m and to a depth of approximately 300m. The mineralisation has a moderate plunge to the north, similar to the original Mount Garnet deposit, and is open at depth.

Figure 1: Long Section looking West showing Stage 2 drilling and Stage 3 drilling currently in progress.

CONSOLIDATED TIN MINES LIMITED

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Cairns Corporate Headquarters:

395 Lake Street, Cairns Qld 4870

Phone: [phone] Email:[e-mail] Web:www.csdtin.com.au

A complete list of significant intercepts are included in Table 1 below, the zinc rich zone being delineated by the drilling program also contains copper, lead and silver credits.

Hole_ID	Depth_From	Depth_To	Interval_Length	Zn_pct	Cu_pct	Pb_pct	Ag_ppm
GTD262	188.45	191.4	2.95	0.87	0.07	0.52	7
GTD262	293.15	296.1	2.95	1.44	0.00	0.68	9
GTD262	322.3	325.17	2.87	4.12	0.12	1.66	21
GTD262	343.7	353.41	9.71	6.17	0.03	0.00	1
GTD262	369.22	372.2	2.98	3.91	0.00	0.00	0
GTD262	381.7	388.46	6.76	5.82	0.13	0.01	4
GTD263W	157	162.2	5.2	1.05	0.08	1.44	9
GTD263W	314.1	316.8	2.7	8.07	0.49	0.06	12
GTD263W	343.3	349.5	6.2	5.00	0.64	0.02	12
GTD263W	369	382.4	13.4	5.72	0.07	0.00	1

Table 1: Detailed summary of significant intercepts for drill holes GTD262 and GTD263W.

Drilling of the remaining three holes resumed in January and results of this program will be reported in the coming weeks. It is anticipated that this program will provide sufficient information to undertake a maiden JORC 2012 compliant Mineral Resource Estimate for the Mt Garnet Deeps area.

The mineralisation being defined in the Mount Garnet drill program has the potential to add significant stability to the Mt Garnet operations and provide a solid foundation for further growth and development of the Company's other projects.

Competent Person Statement

The information in this document that relates to exploration results is based upon information compiled by Mr Max Tuesley, BSc, who is a permanent employee of Consolidated Tin Mines Limited. Mr Tuesley is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM) and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (JORC Code). Mr Tuesley consents to the inclusion in the report of the matters based upon his information in the form and context in which it appears

The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and, in the case of estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed.

CONSOLIDATED TIN MINES LIMITED

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Cairns Corporate Headquarters:

395 Lake Street, Cairns Qld 4870

Phone: [phone] Email:[e-mail] Web:www.csdtin.com.au