Newcrest 2000 million Australian dollars for tungsten copper exploration

Mungana Goldmines Limited announced that, as part of the North Queensland Mungana's Chillagoe project exploration agreement, Newcrest Mining has started exploration activities. Under the agreement, Newcrest will spend up to $ 20 million for a period of eight years of exploration, focus on exploration Chillagoe region of large gold - copper porphyry deposits. Newcrest's exploration program will Mungana in Chillagoe, including strategic King Vol deposit development of high-grade zinc and base metals assets simultaneously.

Black Rock Mining Ltd announced its latest project Mahenge graphite exploration activities in Tanzania. Since the 11 months before the start of exploration in Mahenge, the company mobilized two rigs and the largest field operations team. Exploration found 186 meters from the graphite content of 5.95 percent total, including two high-grade zone, 24 meters at 7.89% content and 86 meters at the content of 8.34 percent.

Vital Metals Ltd announced that due to positive correction final feasibility study, lower capital, operating cost reduction and a favorable exchange rate variation support, making 70% of its stake in North Queensland Watershed tungsten project further boost. In addition, the main tungsten market demand, China, India and the United States is entering an important stage of consumption.


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