TopTung Ltd (ASX:TTW) has got confirmation from two independent laboratories that its tungsten concentrate from the Torrington Project located in northeast New South Wales is a marketable product.
Generally, the market will accept a 62% tungsten trioxide concentrate although 65% is preferred – TopTung’s concentrate has assayed 69%.
Furthermore, the high quality concentrate was produced using a simple non-chemical separating processing method and contained no deleterious elements.
The remaining 700 kilograms of the original bulk sample for metallurgical test work will now be processed by mid-October and further test work will be carried out on diamond core in 2017.
The company is in the process of advancing permitting in order to conduct a drilling programme at Torrington.
Torrington has been historically mined for tungsten, bismuth and topaz.
Tungsten is considered a critical raw material of economic importance giving rise to the strategic significance of the Torrington project.
At the end of the June quarter, TopTung had $4.6 million cash.
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