PERTH (miningweekly.com) – ASX-listed Tungsten Mining has signed a nonbinding memorandum of understanding (MoU) with China’s Xiamen Tungsten Company (XTC) over the Mt Mulgine project, in Western Australia.
Under the MoU, the two companies will work to establish an offtake agreement under which XTC would purchase tungsten and molybdenum concentrate from the Mt Mulgine project, as well as Tungsten Mining’s potential use of XTC’s beneficiation technology.
“We are delighted to build on the growing relationship with XTC, a major player in the global tungsten market,” said Tungsten Mining CEO Craig Ferrier.
“Tungsten Mining places considerable importance on partnering and collaborating to ensure access to the best expertise available to deliver maximum value to its customers and shareholders alike.”
Tungsten Mining’s Mt Mulgine project is estimated to host some 16 400 t of contained metal, with the company hoping to start concentrate production in 2018.