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Toptung Ltd eyes drilling in NSW tungsten region

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Toptung Ltd (ASX:TTW) has lodged the Review of Environmental Factors (REF) and associated documentation towards a planned drilling program at the Torrington Tungsten and Topaz Project in New South Wales.

The Leon Pretorius chaired company has also received notification from the Division of Resources and Energy (DRE) that the REF and its included documents have been determined to be ‘administratively complete’.

The Torrington area has amassed more than 100 years of mining activity, with Pacific Copper producing tungsten and topaz from mid 1970’s to early 80’s.

Toptung holds two contiguous exploration licences prospective for shallow primary tungsten mineralisation with potential for later by-product sales of industrial grade topaz.

The project contains a mineral resource of 2,146,000 tonnes at 0.23% WO3 for 4,965 tonnes WO3.

The company will commence drilling in September, assuming no further delays in the approval processes.

Toptung is well funded with cash at bank of $4.7 million as on 31 March, 2016.


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