Highlights
Kilba Project, Gascoyne region, Western Australia
- There were no field activities during the Quarter; work centered on analyzing the results of the Scoping Study and planning the definitive engineering phase of the Kilba Project, including further resource definition drilling.
- A significant enhancement to the Kilba Project is possible by the application of Heavy Medium Scalping to reject 55% of the Run-of-Mine ore at an early stage of processing.
- Detailed planning for the next phase of drilling at Kilba was completed; the purpose of the program being to upgrade the Kilba Mineral Resource (Zones 8 and 11 only) from an Indicated and Inferred Mineral Resource to Indicated status or better.
- The tungsten price (Metal Bulletin APT quotations) has remained firm, with prices above US$400/mtu for the last few months supporting the continued focus on the Kilba Project.
- An MOU was signed with a Private Equity Group for staged investment into TGN; discussions to advance this to a Share Subscription Agreement are ongoing.
Other Projects
- No additional work on other projects was undertaken during the quarter.
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