The Latest Progress of The British Tungsten Project

The two listed companies in Australia recently updated its latest progress of the project in southwest England. Wolf Minerals  signed a construction contract about Hemerdon tin-tungsten project in Devon.At the same period, a new era of exploration companies  announced a preliminary JORC compliant reserves forecast data about the Redmoor project in Cornwall.

Wolf Minerals signed a subject of 7,500 million pounds contract  and commissioned the GR Engineering Company  responsible for its annual production capacity of 300 million tons of ore processing plant design, construction and commissioning work accordingly. Later this year, after the last financing in place for the open-air mining operating plan, the construction is about to start. The mine will produce 3,500 tons per year of grade 0.65 tungsten of ferromanganese concentrate and 450 tonnes grading 0.4 tin concentrates.


钨矿

The New Era of Exploration company announced a JORC compliant resource standard reserves data that based on the project since the early 80s of the last century, drilling results in October last year, re-sampling and re-interpretation. The total number of potential resources is 910 million tons, which includes grade of 0.21% tin, grade of 0.16% wolframite ,copper, lead and zinc. Tin equivalent grade is based on the value of tin, tungsten and copper eventually converted into 0.69%. The New Era of Exploration company is now performing  a scoping study to determine the future development plans and measure the economic benefits of the project. Subsequently, the company will consider his options, including "to continue exploration work, maintain a strategic partnership or a divestment."



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