Hazelwood Resources Ltd says it is aiming to produce two to three per cent of the world's tungsten at its Big Hill project.
In a statement to the stock exchange on Monday, Hazelwood said the initial resource at Big Hill, in Western Australia's Pilbara region, was much larger than expected.
If the mine proceeds as hoped the company estimates it will take 220,000 metric tonne units (mtu) of tungsten concentrate annually, with production commencing at the end of 2010.
Tungsten concentrate is currently selling for about $US135 per mtu.
Source: Brisbane Times
No comments:
Post a Comment