Group 6 Metals (ASX: G6M) has kicked off construction activities as part of its redevelopment plans for the Dolphin Tungsten Mine located on King Island in the Bass Strait.
The update follows news earlier this week of the appointment of Keith McKnight as the miner’s new CEO.
The company reports that following the receipt of requisite regulatory approvals, it took delivery of the first dozer on site on 20th January and has commenced initial work including stripping and stockpiling of vegetation and topsoil.
“Today is a momentous day for the Company, following many years of hard work by the team to reach this point”
The work is being carried out to prepare the site for bulk earth works, which are required for the civil works on which a planned 400,000 tonnes per annum processing plant will be built.
Addressing the milestone, Group 6 Metals Executive Chairman Johann Jacobs said: “Today is a momentous day for the Company, following many years of hard work by the team to reach this point. We will be keeping shareholders and the wider market updated regularly now that our construction program has commenced in earnest.”
The Dolphin Tungsten Mine, situated near the town of Grassy on the south east coast of King Island, is described by Group 6 as hosting the highest-grade tungsten deposit of a significant size in the western world.
The project serves a number of key offtake partners including Sandvik subsidiary Wolfram Bergbau und Hutten AG and Kalon Resources Limited, and houses an existing 2012 JORC indicated mineral reserve of 4.43Mt @ 0.92% WO3 and probable mineral resource (including mineral reserve) of 9.6Mt @ 0.90% WO3.
Images: Group 6 Metals Limited
