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Tungsten Mining acquires Pilbara Minerals processing plant

From: 2017-07-22Hits:878

Summary:Tungsten Mining acquires Pilbara Minerals processing plant

Tungsten Mining has signed an agreement with Pilbara Minerals to acquire the Tabba processing plant, which will fast-track development of the Mt Mulgine tungsten project in Western Australia.

The processing plant was specifically built in modules to recover a range of heavy mineral concentrates and to allow the installation of additional modular units if required.

The plant consists of a ball milling circuit, coarse and fine gravity recovery circuit, dewatering circuit, pipework, all associated hoppers and pumps, electrical and control equipment, modular concrete footings and tailings dam liners. It has a nameplate capacity of 30 tonnes per hour with the potential for increased throughput with the addition of extra modules.

The plant was constructed in 2015 but decommissioned in 2016 after Pilbara Minerals suspended its tantalum project. It was then dismantled, relocated and stored at Pilbara’s Pilgangoora site located south of Port Hedland.

Due to its limited use, the plant is in near-new condition and has been stored on concrete pads and modular footings for easy transportation.

Tungsten Mining believes the processing plant acquisition will provide a competitive advantage to its operation and support its initial entry into the market. Metallurgical test work has also confirmed that the plant is fit to work at Tungsten’s proposed Mulgine Hill operation.

Tungsten Mining said the acquisition – at an acquisition price of $600,000 – will help advance the development of the Mt Mulgine project, with first tungsten concentrate production expected within the next two years.

Tungsten Mining CEO Craig Ferrier said, “The opportunity to acquire the Tabba plant will enable Tungsten Mining to rapidly progress to project implementation, delivering a genuine competitive advantage.”

“We remain focussed on our objective of becoming a producer and are excited by the potential to apply operational experience and know-how gained from the small-scale operation to the larger Mt Mulgine resource.”

Ferrier also welcomed Pilbara Minerals as a shareholder of Tungsten Mining and said the company was committed to building on this relationship.

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