Profile: Tasmania Mines Ltd (TMM.AX)

Tasmania Mines Limited is a resource company engaged in mining and production of magnetite and scheelite, including the operating of crushing and concentrating mill at the Kara mine, south of Burnie, Tasmania and the sale of its products and ongoing exploration and development of mining tenements. The Company operates in the mining industry only with operations comprising the sole business of exploration, production and sale of magnetite and its by-products wholly within Australia. The primary product sold is dense medium magnetite, which is used for coal washery purposes. The Company sold 171,941 tons of dense medium magnetite. The Kara concentrator mill treated 390,669 tons of materials.