Ann: Dolphin Tungsten Project Secures Exploration Grant, page-10

Resource expansion has been on the to-do list for a while, securing funding to begin mining the resource they have measured just took pride of place.

This ann doesn't really mean much other than the Tas Libs trying to spruik the old "Jobs and Growth" slogan around by giving a bunch of cash to mining operations. If we really wanted to start clutching at straws, we could say that faith from the Tas Libs will translate into faith from the Federal Libs, because it does make sense for them to back a project if the other is invested in it - publicity, votes, etc. - but that's just rehashing an argument that's been brought up in this forum before.

My only takeaway from this is that it's good to see some backing - as well as planning - for a future resource upgrade. It makes those 80c and $1 calls from earlier in the year sound more realistic, even tho a price like that is still a while away.... and hinges on whether federal and private funding goes ahead.