viewSiburan Resources Limited

Siburan Resources plans tungsten connections as Chinese partnership deepens


Siburan Resources (ASX:SBU) has helped its chances of making business connections with Asian tungsten customers by formalising a marketing relationship with a Chinese auto parts manufacturer.

Siburan – which develops both tungsten and gold assets – has reached an arrangement with China Automobile Parts Holdings Limited to investigate the viability of the market in Australia for its products.

The arrangement will allow China Automobile benefit from Siburan’s assistance in showcasing its car products in Australia with the aim of establishing a sales presence.

The deal follows a move by Siburan in May to acquire 16.67% of China Automobile as part of the Perth-based company’s strategy to gain a presence in China.

This in turn is expected to open doors to major players in the tungsten industry as well as potential end-users and offtakers for Siburan’s Kirwan tungsten project in New Zealand.

Kirwan is planned to be the largest tungsten mine outside of China and is slated to deliver a JORC resource in the coming months based on a series of drilling programs to outline the extent of the mineralisation.

The project covers 837 square kilometres 12 kilometres east of the township of Reefton on NZ’s South Island.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong.

Quick facts: Siburan Resources Limited

Price: - AUD

Market: ASX
Market Cap: -

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Chaarat Gold's Dusty Nicol talks increase to reserves at Tulkubash

Chaarat Gold Holdings Ltd's (LON:CGH) Dusty Nicol caught up with Proactive London's Andrew Scott to talk through the increase in reserves that's been announced for its Tulkubash project in Kyrgyz Republic. It follows last year's 20,000 metre drilling programme. Proven & probable...

22 hours, 14 minutes ago

2 min read