2nd Jun 2023 09:58
Tungsten West PLC - London-headquartered mining company focussed on restarting production at Hemerdon tungsten and tin mine in Devon, England - Completes legacy tungsten pre-concentrate and tin concentrate processing at Hemerdon. Company has to date processed over 50 tonnes total legacy and residual material and plans to move towards future regular production, including liquidating the previous operator's leftover assets and using pre-crushed and separated past materials. Expects over GBP400,000 in revenue from these operations. Cost reduction programme is nearing completion; company anticipates a 42% reduction in headcount. Refurbishment work has been paused until permitting and funding processes are completed. Preparations for full-scale project development are ongoing. Read More