Almonty Announces Updated Reserve and Resource Estimate for Panasqueira Tungsten Mine

About this update from Almonty Industries Inc.

[{"type":"text","content":"TORONTO--(BUSINESS WIRE)--Almonty Industries Inc. (“Almonty” or the “Company”) (TSX-V: AII) today announced the filing of an updated National Instrument 43-101 Technical Report for the Panasqueira Mine, Portugal. The Technical Report was filed on SEDAR (www.sedar.com) under Almonty’s company profile and will also be available on the Company's website at www.almonty.com. The original and updated reserve and resource estimates are as follows:     Panasqueira June 30, 2015     Tonnes   Avg Grade   Contained WO3 Reserves       WO3   Tonnes   MTU Proven   691,000   0.22%   1,544   154,439 Probable   970,000   0.19%   1,887   188,665                   Total Reserves   1,661,000   0.21%   3,431   343,104 Resources ( inclusive ofreserves)                 Measured   1,661,000   0.21%   3,431   343,104 Indicated   7,877,000   0.24%   18,692   1,869,212 Total Resources   9,538,000   0.23%   22,123   2,212,316                   Inferred Mineral resources                                   Inferred   4,910,000   0.22%   10,802   1,080,200                   Cut-off                 Reserves   0.12% WO3             Measured Resources   0.12% WO3             Indicated Resources   0.13% WO3             Inferred Resources   0.13% WO3                   Panasqueira December 31, 2016             Tonnes   Avg Grade   Contained WO3     % Increase Reserves         WO3   Tonnes   MTU       Proven     775,000   0.22%   1,694   169,400     9.69% Probable     1,176,000   0.19%   2,234   223,400     18.41% Total Reserves     1,951,000   0.20% &n...

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