Mitsubishi had a site visit to Mt. Carbine Tungsten Project

Carbine Tungsten Limited is pleased to announce that long-term off-take partner, Mitsubishi Corporation RtM Japan (“Mitsubishi RtMJ”) has recently participated in a site visit to the Mt. Carbine Tungsten Project in North Queensland.

Representatives from Carbine’s Board and Senior Management team accompanied Mitsubishi RtMJ’s President, Mr Kenji TANI, to site in July.

The purpose of the visit was for Mitsubishi RtMJ to conduct further due diligence on the Project following the Memorandum of Understanding (“MOU”) between Carbine and Mitsubishi RtMJ signed in late February 2013.

The MOU outlined Mitsubishi RtMJ’s intention to provide up to $15,000,000 in project level funding to support the development plans for Carbine’s existing tungsten stockpiles and former hard rock open pit mine .
 

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