All tagged Tungsten Mining ASX:TGN
Tungsten Mining Limited (ASX:TGN) has reported its June quarter activities, with the highlight following quarter end with the agreement to acquire the low cost Tabba Tabba processing plant. Activities will be stepped up in the September quarter as the Company looks to finalise the purchase and work the new plant into the mining and development plan. The Company is aiming towards commencing tungsten production in 2018.
Tungsten Mining Limited (ASX:TGN) has increased the Mt Mulgine Tungsten Resource, with a 6% increase in contained metal and 21% increase in grade. The Mineral Resource is still open in several directions. The new Mineral Resource will be used in the current study that is working towards incorporating the newly acquired Tabba Tabba processing plant into a mining and processing plan.
Investors have marked shares in Tungsten Mining (ASX: TGN) up by 16 per cent on news the company had struck a deal to buy a near-new processing plant for just $600,000 - a fraction of its replacement value. TGN has described the deal as a game changer for its Mt Mulgine tungsten project development. TGN has agreed terms to buy Pilbara Minerals'(ASX: PLS) Tabba processing plant, which is dismantled and parked up at PLS' Pilgangoora site south of Port Hedland.
Tungsten Mining Limited (ASX:TGN) continues to progress the Company's Mt Mulgine Tungsten Project as it aims for first concentrate production in 2018. A successful $5.27m entitlement issue was completed during the December quarter, allowing the Mt Mulgine studies to continue at pace. Infrastructure agreements and pilot plant testwork are planned for the March quarter.
Tungsten Mining Limited (ASX:TGN) has started the year on a positive note, announcing that it has placed A$2.77 million in shortfall applications as part of the A$5.27 million equity raising. The funds will be used to progress the Company's Mt Mulgine Tungsten Project as it aims for first concentrate production in 2018.
Tungsten Mining Limited (ASX:TGN) has announced a fully underwritten 1-for-2 Entitlement Issue at 4 cents per share, raising approximately A$5.27 million before costs. The Offer also includes 1 attaching 3-year Option to acquire an Ordinary share for 4 cents for every 2 shares taken up. The proceeds are to be applied against paying down the GWR debt and progressing Mt Mulgine towards production.
Tungsten Mining Limited (ASX:TGN) has released its September quarterly report, with positive drill results and mineralogy from Mt Mulgine as the Company moves towards development of Mulgine Hill. Shallow drilling identified new zones of tungsten mineralisation as well as a rare tungsten mineral, which has been mined elsewhere in Germany and the UK. Metallurgy and infrastructure studies are planned for the December quarter.
Tungsten Mining Limited (ASX:TGN) has released assay results from its latest round of RC and diamond drilling at Mt Mulgine Tungsten Project in the Murchison Region of WA. Results at Mulgine Hill included 17m @ 0.46% WO3 and 0.02% Mo, whilst drilling at Mulgine Trench returned 72m @ 0.16% WO3 and 0.02% Mo and 68m @ 0.10% WO3 and 0.05% Mo. Resource update studies have now commenced aimed at delivering on the strategy of developing a low cost operation at Mt Mulgine within 2 years.
Tungsten Mining Limited (ASX:TGN) has commenced RC and diamond drilling at the Mt Mulgine Tungsten Project, located in the Murchison Region of WA. The 1700m drill program is targeting extensions to the current Resource, in areas previously identified as open. Tungsten is also stepping up its historical sampling program after the initial trial identified wide zones of mineralisation in previously unsampled core.
Tungsten Mining Limited (ASX:TGN) has focussed its exploration efforts in the June quarter on upgrading resources to JORC-2012 and planning drilling at Mt Mulgine. A program of re-sampling of historic core also identified new zones of mineralsation as well as extensions to previously reported intercepts. Drilling is expected to commence in the September quarter.