Zeehan Zinc Low Grade Furnace Slag/Matte Project

Tasmanian Zinc Project, Western Tasmania

Tartana Minerals has a wholly owned subsidiary called Intec Zeehan Residues Pty Ltd which owns Mining Lease ML 3M/2017. This lease is located approximately 2.5 km south of the township of Zeehan in western Tasmania. This lease contains an old smelter site along with stockpiles of low grade furnace slag/matte.

The Company established an initial (pre-mining) indicated resource outlined below and which is now almost depleted.

* Prior to extraction.

The Zeehan smelter operated intermittently from 1898 and 1948 recovering lead, silver and copper from the processing of locally mined ores and ore concentrates. However, the technology at that time did not allow for the recovery of zinc and hence the zinc from the processed material ended up in relatively inert zinc slag heaps or dumps on site.

After completing a 7-hole air core drilling programme to assist in verifying historical drilling data and to enable an upgrading of the mineralisation to a JORC 2012 Indicated Resource status, Tartana Minerals Limited then signed an agreement with MCC Non-ferrous Trading LLC to sell shipments of low-grade furnace slag/matte to South Korea.

Tartana Minerals Limited has now completed more than 22 shipments using local contractors and exported over 400,000 tonnes of slag through the Burnie Port.

At the completion of the final shipments, Tartana Minerals Limited plans to rehabilitate the site. This will be a significant achievement given the site has remained in its current state for more than 70 years prior development by Tartana Minerals.

The first shipment of low grade furnace slag/matte being exported to South Korea (September 2020).

Excavation and screening of the Zinc low grade furnace slag/matte.