Group 6 Metals Limited has announced that construction activities have commenced on site in King Island, Tasmania for the redevelopment of its 100%-owned Dolphin Tungsten Mine.
The Dolphin Tungsten Mine is a large open pit and underground mine located in the Bass Strait and is home to the highest-grade tungsten deposit in the western world.
The mine closed in 1992 due to extremely low tungsten prices when approximately 50% of the known resource was yet to be mined. At the time, two mines were operated, the larger Dolphin mine and the satellite Bold Head Mine.
Group 6 Metals has spent the past few years optimizing a redevelopment strategy for the Dolphin Tungsten Project, which contains a JORC 2012 compliant Mineral Reserve of 4.43Mt at a grade of 0.92% WO3 (at 0.2% cut-off for the opencut and 0.7% for the underground).
Mineral Resources, including the Mineral Reserves, total 9.6Mt at a grade of 0.90% WO3 (at 0.2% cut-off).
“We will be keeping shareholders and the wider market updated regularly now that our construction program has commenced in earnest,” said Group 6 Metals’ Executive Chairman Johann Jacobs in an ASX announcement.
Image credit: https://wcsecure.weblink.com.au/pdf/G6M/02479391.pdf