Almonty Industries Starts Processing Operations at South Korea Tungsten Mine

MT Newswires Live

07/02

Almonty Industries (ASX:AII) said its Sangdong mine in South Korea has started processing plant throughput operations, marking a transition to saleable tungsten concentrate production, according to a Thursday filing with the Australian bourse.

The company said its total stockpiled ore is about 139,700 tonnes at a blended grade of about 0.3% tungsten trioxide ahead of the plant's commissioning.

At prevailing tungsten prices, the contained tungsten in the current stockpile represents around 2.6 months of phase one throughput feed with an illustrative gross in-process value of about $68 million, per the filing.

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