Tungsten Mining (ASX:TGN) march on Mt Mulgine
July 27, 2023Backed by the Federal Government to bring Mt Mulgine to production, Tungsten Mining has capped off a 50-hole exploration RC drill program directed at identifying new, high-grade mineralisation to add to its defined tungsten resources 330 kilometres north of Perth in Western Australia.
The company has already demonstrated the technical viability of Mt Mulgine and its huge potential to bring new critical mineral production to Australia, culminating in the award of $1 million in federal funding.
And Tungsten Mining see ample resources left at a project already holding a combined 219Mt at 0.11% tungsten oxide, 260ppm Mo, 0.12g/t Au and 5g/t Ag estimate.
“TGN has continued its exploration and development work program for the MMP following the successful application of the CMDP grant. The resource focused RC drilling program is essential to progress our critical minerals. We look forward to providing further updates over the forthcoming weeks as we continue this exciting exploration and development phase,” Tungsten Mining Chairman Gary Lyons said.
Assays are due this coming quarter, with potential to define further tungsten and molybdenum mineralisation on strike extensions in all directions, and ongoing fieldwork can be expected to yield further targets to hit with the drill.
Australian tungsten
Tungsten is one of the critical minerals markets dominated by Chinese production. After price downturn aberrations in the 1990’s Australian production largely ceased, but the nation is now investing heavily in bringing tungsten operations back online within its own borders.
Geoscience Australia has noted the high potential for new and upgraded tungsten resources across the nation to strike into new and firing demand, and Mt Mulgine stands as one of the key assets primed for redevelopment.
Tungsten is a truly remarkable metal, the second hardest mineral known to man and holding the highest melting point of all pure metals.
It has emerged as critical across a range of industries, with applications far beyond an expensive drill bit, and is high in demand from industrial applications, steel and alloy making, electronics and technology, the energy sector, aerospace, chemistry – and defense.
China has already banned exports of rare earths germanium and gallium, and it is little wonder why western nations are feverishly securing their own supplies of critical minerals vital to future facing economies and national security.
Drill locations
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