Kasbah is an ASX (ASX: KAS) listed tin development company developing the Achmmach tin deposit in Morocco, the third largest undeveloped tin deposit globally. The mine will be underground with processing involving straightforward comminution and flotation to produce a high quality tin concentrate (~4,500tpa of tin). Kasbah is one of the few pure tin companies listed on the ASX.
Toyota Tsusho and Nittetsu have a 25% ownership at the project level. Strategic shareholders of Kasbah include Pala, African Lion and tin traders. Tin prices have been steadily rising with demand forecast to continue to increase as additional new supply will not be immediately forthcoming.
Why should investors invest in you?
Whilst the tin price has languished over the past 3-4 years there has been little investment in new project development, with the result that Kasbah is one of the few companies with an advanced project that can be commenced at short notice. LME tin stocks are at low levels and the ITA forecasts a price of $25,000 per tonne by 2022. The Achmmach project is one of the most advanced tin projects globally, located in Morocco – a safe, conflict free location with excellent infrastructure, stable law with a well educated population located within 40km of the project
Stock Exchange Listing:
Stage of Development:
Countries of Operation:
Kingdom of Morocco
Board of Directors:
- Mr John Gooding (Chairman)
- Mr Graham Freestone (Director)
- Mr Graham Ehm (Director)
- Mr Martyn Buttenshaw (Director)
Executive Leadership Team:
- Mr Russell Clark (Chief Executive Officer)
- Mr Keith Pollocks (Chief Financial Officer)
- Mr Evan Spencer (Chief Operating Officer)
- Rupert McCracken (Project Manager)
- Pala – 21.5%
- Lion Africa – 13.1%
- Braham – 4.9%
- Traxys – 4.3%
- Thaisarco – 3.0%