Mitsubishi Reinforces Interest in 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.

The site visit was yet another step in the strengthening relationship between Carbine and Mitsubishi RtMJ following the initial sales contract signed in May 2012.

Since this time, Carbine has continued shipments of Tungsten concentrate exclusively to Mitsubishi RtMJ with the most recent shipment dispatched in July.

In February this year, Mitsubishi RtMJ and Carbine signed the MOU, and more recently a $400,000 advance payment against future shipments was received to support optimisation work at Carbine’s Tailings Retreatment Plant.
 

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