Business
Increased Mineral Resource & Ore Reserve Estimates
Increased Mineral Resource & Ore Reserve Estimates.
About this update from Tungsten West Plc
[{"type":"text","content":"\n \n \n \n Tungsten West Plc\n \n \n \n \n (\"Tungsten West\", the \"Company\" or the \"Group\")\n \n \n \n \n \n \n \n \n \n Increase in Mineral Resource and Ore Reserve Estimates for the Hemerdon Project\n \n \n \n \n \n \n \n \n \n \n \n Tungsten West plc (LON: TUN), the mining company focussed on restarting production at the Hemerdon tungsten and tin mine (\"Hemerdon\" or the \"Project\") in Devon in the UK, is pleased to provide this update on the JORC (2012) compliant Ore Reserve Estimate (\"ORE\") and internal Mineral Resource Estimate (\"MRE\"), as part of the work completed for its updated Feasibility Study for its flagship Hemerdon Project.\n \n \n \n \n \n \n Hemerdon Ore Reserve Estimate Highlights:\n \n \n \n ·\n \n 60% increase in ore tonnage and 10% increase in contained metal from previous 2021 ORE\n \n \n \n ·\n \n The 2022 Hemerdon Ore Reserve is now 101.2Mt at 0.14% WO3 and 0.03% Sn\n \n \n \n ·\n \n The Hemerdon deposit is estimated to be the second largest reported CRIRSCO standard tungsten reserve globally\n \n \n \n \n \n \n \n \n \n Hemerdon Mineral Resource Estimate Highlights:\n \n \n \n ·\n \n 7% increase in tonnage and 1% increase in contained metal from previous 2021 MRE\n \n \n \n ·\n \n The 2022 Hemerdon Global Mineral resource is 351.5Mt at 0.12% WO3 and 0.03% Sn\n \n \n \n ·\n \n The Hemerdon deposit is now estimated to be the second largest reported CRIRSCO standard tungsten resource globally\n \n \n \n \n \n \n \n \n \n Mark Thompson, Executive Vice-Chairman, commented:\n \n \n \"The increase in both the Ore Reserve and Mineral Resource at Hemerdon further highlights the world class nature of the deposit we have in Devon, which now hosts the second largest tungsten reserve and resource, globally.\n \n \n \n \n \n \n \n \n \n \"The lift in both the Ore Reserve and Mineral Resource is a reflection on the work that has been undertaken this year as part of our cost saving initiative and improvement to operating efficiencies across the business. This will also be realised in our updated Feasibility Study, a summary of which we expect to release shortly.\n \n \n \n \n \n \n \n \n \n \"Within a year of acquiring the Project, we undertook the first exploration drilling programmes in almost 30 years. These programmes had significant success in growing the...