Tungsten West makes partial restart of Hemerdon mine in Devon
"This small-scale production of tungsten and tin is a mere indication of what can be achieved"
Company
Tungsten West PLC
LON:TUN
Tungsten West PLC is a mining development company focused on restarting the world class Hemerdon tungsten-tin deposit located in South Devon, UK. The company is the 100% owner of the previously producing Hemerdon Mine, which is currently the 2nd largest resource in the world.
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Tungsten West says chairman Robert Ashley is to retire and will be stepping down from his position with immediate effect
The company has announced that David Cather, currently its senior independent non-executive director, will become its new chairman of the board
Tungsten West now ordering long-lead items for Hemerdon, with plant upgrades on schedule for the second quarter of 2023
Costs are now coming in at well under the original budgeted amount
Tungsten West signs non-binding royalty deal and says further major funding not needed for UK project
Energy prices have continued to be volatile over the past few months, but Tungsten West is working towards new solutions
Tungsten West eyes 2023 production from Hemerdon
“The group is strategically well positioned to deliver on its advances on the mine and plant upgrades through the remainder of 2022"
Tungsten West's revised Hemerdon plan should mark turning point for share price, says VSA Capital
The company said in April that it had decided to pause work while it revised its development plan
Tungsten West says new development plan for Hemerdon mine reduces Capex requirements
Chief executive and co-founder Max Denning has stepped down
Tungsten West will have Hemerdon up and running next year, after streamlining the project costs and operations
Inflation has caused a re-think, and a new plan will be out in a few months
Tungsten West pauses Hemerdon development to review cost saving options
On-site renewable energy are among the possibilities as the project is reviewed.
Tungsten West starts installation of XRT ore sorters at Hemerdon, moves closer to restarting world-class mine
“Ensuring the UK and the western hemisphere have got access to two key critical minerals has never been more profound,” said chief executive Max Denning