Tungsten Mining starts study on staged Mt Mulgine development
ASX-listed Tungsten Mining has kicked off a scoping study to evaluate a staged development approach at its Mt Mulgine project in Western Australia, combining a potential startup oxide gold operation with longer-term tungsten and molybdenum production.
The ten-week study will assess capital and operating costs, mine design, infrastructure, tailings management and approvals, with a focus on optimising the sequencing between gold production and full-scale tungsten operations. Results are expected in the following quarter.
The company said the staged pathway is aimed at generating early cash flow from gold, reducing project risk and establishing a clear route to unlocking Mt Mulgine’s tungsten resource.
The study is contingent on the forthcoming mineral resource estimate for the Camp prospect and an exploration target for gold at Mulgine Trench, both expected to be released this quarter.
“This scoping study is a pivotal step in our strategy for Mt Mulgine, as it will define how we can generate early cash flow from gold while building towards large-scale tungsten production. By sequencing development in this way, we aim to reduce project risk, maximise infrastructure synergies, and establish a clear pathway from startup to a long-life operation.
“Market conditions make this an ideal time to assess the gold startup option, with gold prices trading near record highs and tungsten prices reaching record levels due to tight supply and strong industrial demand. These favourable fundamentals strengthen the potential economics of both phases of development, giving us confidence in the long-term value Mt Mulgine can deliver," said Tungsten Mining chairperson Gary Lyons.
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