Tungsten Mining (ASX:TGN) is advancing the Mt Mulgine Project in Western Australia, with the company flagging an integrated gold and tungsten opportunity, ahead of a 10-week Scoping Study due to start in July 2025.
As part of the integrated strategy, oxide gold potential aims to help offset early development costs and facilitate access to the primary tungsten ore body.
The upcoming Scoping Study is designed to evaluate the near-term potential of a start-up oxide gold project and its alignment with the broader Mt Mulgine development strategy. The study represents a key milestone in Tungsten Mining’s revised strategy.
Tungsten Mining, which has a market capitalisation of $58.39 million, says the study will focus on capital and operating cost estimates, an integration pathway, tailings management solutions, as well as the site layout and infrastructure planning.
In addition, the study will focus on pit optimisation and waste dump designs, mine scheduling, an approvals strategy, and the estimation of a standalone oxide gold resource.
The company says the outcome of the study will play a role in determining the sequencing, integration, and commercialisation strategy for the gold and tungsten resources at Mt Mulgine.
Chairman Gary Lyons says this development strategy makes strong commercial sense.
“By targeting oxide gold mineralisation located within the overburden of our proposed starter pit, we have an opportunity to generate early cash flow, offset pre-strip costs, and accelerate project development,” Lyons says.
“Crucially, this near-term initiative strengthens our long-term ambition to establish Mt Mulgine as a tier one supplier of tungsten and molybdenum. With global demand for critical minerals surging, particularly for industrial and defence applications, Mt Mulgine is strategically positioned to deliver significant value in the near term while building towards large-scale, long-life production in a tier one jurisdiction.”
Tungsten Mining is an Australian resources company focused on discoveries and developments of tungsten projects.
Write to Aaliyah Rogan at Mining.com.au
Images: Tungsten Mining
