Hemerdon Project
A world-class, UK tungsten and tin mine under construction
- First new metal mine in UK for over 40 years
- Fully financed through to positive cashflows
- All permits in place and land purchases executed
- Offtake agreements in place for 80% of tungsten concentrate production and 100% of tin production
- Site management team in place and construction well advanced
- Production planned for 2015
- Mine planning improvements and reserve extension opportunity offers potential upside
- Production profile:
Tungsten WO3 ~345,000 mtu per annum
Tin ~460 tonnes per annum
- C1 cash cost forecast to be US$109/mtu.
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