Executive Summary
Van Dieman Mines plc owns 13 exploration and retention licences in Tasmania and was admitted to London?s Alternative Investment Market (AIM) in November 2004. The Scotia, Central Ringarooma and Great Northern Plains areas constitute a tin and gem based resource in excess of 100 million cubic meters. Further areas immediately adjoining the Great Northern Plains resource are estimated to contain in excess of 39 million cubic meters while offshore, extending into Bass Strait, a tin mineralisation zone of some 200 million cubic meters has been delineated. These alluvial mineral resources encompass a number of discrete project areas. Some deposits such as Endurance and Pioneer which form part of the Central Ringarooma area are \stand alone\ projects whilst others such as Scotia, Great Northern Plains and Offshore are linked together, such that they each form part of a major resource area. The mining strategy to be adopted by Van Dieman Australia is for it to use the funds raised by the Company from the Placing to commence mining the Scotia and Central Ringarooma resources simultaneously. Mine start up is scheduled within 12 months.
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