An Australian firm is pressing ahead with its plan to develop a tungsten mine near Plymouth. Wolf Minerals has received the first part of a £52m funding package, which was signed off last month.

It means the long-delayed purchase of 15 homes around the mine site can proceed. Tungsten, which is used the production of alloys and steels as well as armaments, light bulbs and as ballast for racing cars, was discovered at Hemerdon in 1867.
 

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North American Tungsten Corporation  is pleased to announce that it has received TSX Venture Exchange approval for the issuance of an aggregate 5,000,000 common share purchase warrants .

To two directors in connection with the previously announced extension of the Company's CAD$12,000,000 working capital loan facility .

Each Warrant is exercisable for one common share of the Company at an exercise price of $0.20 per common share. The Warrants will expire on June 30, 2014.
 

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Carbine Tungsten's aim of becoming one of the leading western producers of tungsten concentrate will be achieved through its Tailings Retreatment Project .

Which commenced production in 2012 along with the re-awakening of the Hard Rock open-cut mine which is scheduled to commence production in 2014. 

Carbine Tungsten's strategy is to focus on tungsten production, and with the exception of its tin prospects at Mt Carbine and Tara (NSW) is in the process of joint venturing or selling its other prospects.

Carbine Tungsten's gold prospects have been spun out into a company called Gossan Hill Gold Limited which is currently 100% owned by Carbine Tungsten.
 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
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Breakaway Research released an updated commissioned research report covering Wolf Minerals Limited  and the development underway at its Hemerdon tungsten project in England.

The DFS indicated a project NPV of £74M (A$ 122M or A$0.62/share) and assumed an APT price of US$360/mtu and a tin price of US$30,000/t.

Cash costs (after tin credits) were estimated at US$105/mtu. Current APT and tin pricing is US$417/mtu and US$21,000/t respectively.

Based on commodity price sensitivity analysis, Breakaway estimates a current NPV range of between £100-£110M (A$0.84-$0.92/share).
 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
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