What changed
2026-08-24 02:57 UTC → 2026-09-10 05:45 UTC ·
added
removed
Global tungsten resource exploration expansion and development
Various strategic Strategic minerals companies have initiated new drilling campaigns continue to explore and expand tungsten resources across different global regions. exploration and development activities globally. In north Queensland, Australia, Tungsten Mining has expanded activities made significant progress at its wholly owned Watershed project. Following a preliminary economic evaluation, the project in Far North Queensland. The company launched a drilling campaign consisting of a 175-hole reverse circulation program to define ore continuity has secured all primary development approvals, including its Environmental Authority and a 75-hole diamond drilling program for metallurgical and geotechnical data. Chairman Gary Lyons noted determination that the program project is “not a step toward “advancing controlled action” under the project Environment Protection and reducing development risk.” Biodiversity Conservation Act. An Indigenous Land Use Agreement is in place with the Western Yalanji Aboriginal Corporation. To support the Watershed project, Tungsten Mining has appointed finance specialist Cutfield Freeman & Co to structure a debt package. The company is package, evaluating various funding sources, including sources such as commercial banks, private credit, export credit agencies, and government concessional sources, to establish an optimum capital structure. This follows sources. Following a preliminary economic evaluation indicating a pre-tax net present value of $1.3 billion. The billion, the company is targeting a final investment decision by September late 2026, aiming with a Definitive Feasibility Study scheduled for first completion in October. Early site works, including drilling and access-road construction, are underway to support a production target in the first half of 2027. Simultaneously, exploration efforts continue in the United Kingdom and In the United States. In Cornwall, UK, Kingdom, Strategic Minerals began has commenced a 22,500-metre diamond drilling programme at the Redmoor project in Cornwall. Utilizing three rigs across 53 planned holes, the campaign aims to support a future feasibility study. expand resources at the site, which currently holds 17.4 million tonnes of tungsten-trioxide equivalent. In Nevada, USA, the United States, Great Western Mining Corporation PLC commenced has begun drilling at the Defender Tungsten Project, aiming Project in Nevada. The program is testing a 600 to deliver 1,000-metre corridor, with drill assay results expected throughout September and October 2026 as the company works toward a maiden Mineral Resource Estimate by the end of 2026. year-end.