Australian tungsten developer Tungsten Mining has unveiled the results of a scoping study for its Mt Mulgine project in Western Australia, confirming its status as a globally significant critical minerals asset with strong economics and long-term potential.

The study positions Mt Mulgine as a low-cost, long-life producer of tungsten and molybdenum, with additional copper, gold, and silver upside, and provides the foundation for an accelerated development path toward production.

For the preferred six-million-tonne-a-year development case, the project draws on a large indicated mineral resource estimate of 175-million tonnes, supporting extended mine life and expansion potential to 15-million tonnes a year.

Tungsten Mining also noted a defined gold resource of 67 500 oz and an additional exploration target of 44 000 oz to 87 000 oz, offering flexibility to capitalise on record gold prices through near-surface mineralisation.

The company said positive outcomes from the study enabled the immediate start of a prefeasibility study, scheduled for completion in the second quarter of 2026, followed by a definitive feasibility study in the second half of 2027, subject to positive results.

Chairperson Gary Lyons said the findings underscored the project’s international importance.

“The Mount Mulgine scoping study confirms that Tungsten Mining's mineral resource inventory is of global significance. Located in Western Australia, a safe and well-regarded mining jurisdiction, previous drilling and ongoing analysis highlights that the Mount Mulgine project is one of the largest and most valuable tungsten deposits outside of China,” Lyons said.

“With tungsten prices currently trading at record highs, it is important to note that the economics of this scoping study have been assessed at significantly lower long-term assumptions, underlining the robustness potential of the project. In short, this scoping study marks a key milestone in Mt Mulgine’s evolution and an important step in securing diversified sources of critical minerals for the future.”