Sharing some of the information I have found regarding Wolfram...

Sharing some of the information I have found regarding Wolfram Camp. Wolfram Camp has changed hands a few times over the last decade or so. It goes something like this:

2011 -> Hazlewood resources withdraws from Wolfram Camp Tungsten project acquisition from Planet Metals

2011-> Deutsche Rohstoff AG buys Worlfam Camp from Planet Metals Limited for $7 million Aud

2014 -> Deutsche Rohstoff AG sold Wolfram Camp to Almonty for $18mil Cad.

2016-> (Apr) Almonty announces intention to sell Wolfram Camp to ATC Alloys (previously Hazelwood Resources) for $6m in script in ATC

2016-> (May) Deal changes to Almonty taking over ATC Alloys for ~$4.5m?? in ALL script

2016-> (Sept) Deal with ATC alloys gets terminated.

2018-> Almonty disbands Wolfram Camp

2023 ->EQ Resources wins tender

Here are some interesting bits of historic announcements.

https://rohstoff.de/en/wolfram-camp-declares-start-of-commercial-production/

Additional exploration and a detailed review of future ore supply have identified open pit and underground extensions to the current resource model at both Wolfram Camp and Bamford Hill, which extends the operational life of the project beyond 10 years. It includes open pit mining as well as underground operations. The updated estimated inventory amounts to approximately 3.8 million tonnes @ ~0.4%WO3 (tungsten trioxide). This is not a classification in accordance with the JORC standard but an assumption based on the experience gained over the past two years including the existing JORC resource estimate of 1.42 million tonnes @ 0.6% WO3 for the current open pit area, supplemented by successfully explored areas. It is planned to continue the exploration work to further define the resource and to also identify additional mineralization.

An example for the possibility to constantly increase the ore available is the recently completed exploration program in the area “Parrots”. It provided numerous near-surface mineralizations adjacent to the current pit that had not been included in the JORC resource. Mining of this zone will begin within the next few weeks, parallel to the current operations. It will generate additional ore for processing over the next ten months. Economically, it is particularly interesting because it contains only few impurities and can be mined with a very low- strip ratio of almost 1:1.

https://rohstoff.de/en/wolfram-camp-mining-ships-first-concentrate/

Wolfram Camp Mining, commenced project development in July 2011, with subsequent plant commissioning and initial production in November 2011. WCM is extremely pleased to have achieved a 65% – 70% WO3 concentrate for the first shipment. In the coming months, the priority is optimizing the treatment plant, which will include the installation of an x-ray ore sorter developed in Germany. From about mid-year, the planned daily production shall reach four tons of WO3-concentrate and increase to six tons per day in the third quarter. At that time, molybdenum concentrates will also be produced.

Wolfram Camp mine is forecast to produce approximately 7,000 tonnes of WO3 concentrates and 800 tonnes of molybdenum concentrates over the next 4 years. These production outputs will account for approximately 2% of the total global tungsten production.

Additional exploration will be focused on the expansion of the current (JORC) inferred + indicated resource of 1.42m tons @ 0.60% WO3 + 0.12% MoS2. Drilling to the northwest of the current open pit is scheduled to commence in April 2012 with a revised resource model and optimized mine plan to be completed by the end of the year. Wolfram Camp Mining also holds in excess of 300 km2 of surrounding prospective terrain under granted exploration tenements and tenement applications, which will be systematically explored for related rare metal (W-Mo-Bi) mineralization to further extend the life of the project.

The currently defined mine resource at Wolfram Camp mine was confined to 600 meters within the known mineralised zone containing historical mine workings over a strike length of 1.5 kilometres. There is enormous potential to increase the current resource along strike and at depth.

This first shipment brings Australia back on the world map of tungsten mining. Australia was a key primary source for tungsten until the mid-80’s, however all Australian tungsten mines were subsequently decommissioned due to prevailing low prices for tungsten concentrates. Wolfram Camp, known as prolific tungsten area since 1890, is the first Australian tungsten project to resume production. Another nearby former tungsten mine, Bamford Hill, has also been acquired by Deutsche Rohstoff AG recently. Before World War One, North Queensland was the world’s biggest tungsten supplier, with Wolfram Camp and Bamford Hill as key mining centres.

https://rohstoff.de/en/deutsche-rohstoff-disposes-australian-wolfram-camp-mine/

Deutsche Rohstoff AG signed a contract today for the sale of all shares of the 100% owned subsidiaries Wolfram Camp Mining and Tropical Metals. The companies are the operating entities for the Wolfram Camp tungsten and molybdenum mine in Queensland, Australia. The purchase price amounts to 18 million Canadian Dollar (CAD), which converts to approximately 12.3 million Euro at current exchange rates. The buyer is the Canadian company Almonty Industries that operates the Los Santos tungsten mine in Spain. The shares of Almonty are traded on the Canadian TSX Venture exchange in Toronto.

https://www.mbahistsoc.org.au/locations/location-bamford.html

News item from the Northern Miner, Thursday, August 4, 1904

BAMFORD NOTES

(For The "North Queensland Register")

BAMFORD, July 2.

Of late the press has alluded to this town as demoralised, but if we weigh other towns in the same scales, we find they are equally wanting. In Townsville, the Ross Islanders are heading pennies, the North town side is quietly imbibing intoxicants, and the Towers, if I remember, rightly, was reproached by the Rev. Foggonas a rubbish heap of Sabbath breakers.

The late Thadeus O'Kane keenly ridiculed by the Rev. gentleman. Bamford is a real live, throbbing, cricketing, gambling, pleasure ground for the lucky ones. The '"talent" is represented by spinning wheels, sweat table and hasard, and cinque-i-loo rooms. The town is lit by 2 bonfires, one each end of the street, and the pianos and concerts are in good swing.

Few women are seen in the street. The ladies who patronised Baker's Circus were well dressed and behaved, and of the 200 people to the large tent, not one could be seen shabbily attired. The many crooks that infested the town have taken their departure towards Thornborough, where their next coup d'etat no doubt, will take place. Lately a Towers lad was alleged to be implicated In wolfram stealing, but was acquitted. The Wolfram camps are so numerous that I refrain from mentioning them all. On Emu Creek and the surrounding district, many tin and wolfram shows are being worked, and a store with its concomitant of pack horses is strongly in evidence. Mount Garnet has its wolfram men. Along Lead Creek and Reed Creek are first class shows. Messrs. Finger and Dalzell have a lode tin show, while Jones and Maher on Emu have fair spar. The hills at Emu surrounding the old Georgetown road carry leaders of metal in gossan, iron spar, mica, shale and granite dessications, Copper sulphides are seen on the same hill, as well as galena and wolfram; and there are lodes, arsenical lime, that carry payable wolfram if worked on a big scale, but too poor for the prospector to crush for "cash up prospects." The only prayer of all in this district is: "Keep up the prices and send us fair buyers. The Police are now ably represented in the person of Constable O'Grady and we are congratulating each other on still being at large. The experts in wolfram are not too numerous and the manager of a large mercantile house in Bamford assured me that a specimen brought before him was "hermatite iron." On the blow-pipe test it went 66 per cent tungsten. So much for our local buyers and their metallurgy. Mr. Ned Atherton, son of the old pioneer and station holder recently wed Miss M. Leahy. The town was suffering from severe headaches caused by enthusiastic drinking to their health

The old Almonty quarterlies provide a bit of info. Below is there production
EDIT: see screen shot of table below. It didn't cut and paste nicely.

Almonty’s Technical report on Wolfram Camp from 2017 also provides a lot of info.

https://www.miningdataonline.com/reports/Tech_Rep_Almon_Wol_F_31_03_2017.pdf

A few old drill hits are of interest.

QOL’s diamond drilling provided continuous core samples with very little core loss. In the main, QOL sampled its diamond holes on geological or mineral boundaries such that most intersections sent for assay were less than 1m, e.g.:

-D5 returned 0.6 m at 9.58% WO3,

-D8 returned 0.72 m at 10.01% WO3 and 0.57 m at 28.18% WO3,

-D20 returned 0.6 m at 2.79% WO3 and 2.63% MoS2,

-D23 returned 0.65 m at 1.21% WO3 and 4.02% MoS2,

-D24 returned 0.4 m at 6.68% WO3,

-D29 returned 0.36 m at 6.08% WO3, 0.24m at 8.33% MoS2, 0.35 m at 1.30% WO3 and 10.48% MoS2, and 0.4 m at 5.76% WO3,

-D-30 returned 0.35 m at 10.53% MoS2,

-D33 returned 0.61 m at 11.15% WO3 and 2.95% MoS2,

-D34 returned 0.61 m at 9.21% WO3,

-D36 returned 0.63 m at 7.32% WO3, and 0.52m at 4.98% WO3

As a result of the mineralisation often occurring as blebs, some very high grade zones were identified by the drilling. Best results included:

-2m @ 26.3% WO3 and 5.5% Mo from 2m (Hole BP-059

-1m @ 16.7% WO3 and 2.2% Mo from 27m (Hole WCD-044)

-2m @ 3.4% WO3 and 0.1% Mo from 13m (Hole WCD-058)

-3m @ 2.9% WO3 and 0.04% Mo from 5m (Hole BP-018)

9.2 Wolfram Camp Area – Priority 1

A number of potential resource extensions exist along-strike from the main Wolfram Camp pit, as well as off set and more to depth, as depicted in a 3D view in Figure 9-1. In Figure 9-2, a plan has been made of the chief quartz pipes associated with the old mines in the area, overlaid with the current pit design and drillhole data. These plans clearly show wolfram mineralisation over a 3 km strike length and explain the positions and potential sizes of these resource extensions to the current open pit. As these resources have been intersected by old historic workings, but do not have recent samples within them, they have been excluded from Inferred resources at the current time.

The potential open pit extensions include the Parrotts, Hilltop, James Hilltop, Access and James Hill Pit. It is estimated that these exploration targets contain a potential 3-5 Mt of additional resources. It is anticipated that the exploration work required for these targets will take approximately 1 year

9.3 Bamford Hill – Priority 2

A second priority is exploration in the Bamford Hill area. The key targets are the Bamford Hill Main Zone, Sunny Corner and Tiger’s Tail extensions. The exploration program is to include integration of all available mapping, drilling and digitised historical workings, along with survey pick-up of workings, including channel sampling in the exploration adit. The estimated budget for this work is AUD15,000, to commence evaluation of the exploration target of 2-3Mt, with a grade range of 0.15-0.25%WO3, with higher grade underground extensions. It is anticipated that the exploration work required for these targets will take approximately 1 year.

The Bamford Hill tungsten-molybdenum deposit is located 25 km to the south of the Wolfram Camp Mine, in the southern part of the Bamford Hill - Wolfram Camp Corridor, as shown in Figure 9-7.

The Bamford Hill W-Mo-Bi deposits are geologically similar to Wolfram Camp with coarse-grained wolframite (+minor scheelite), molybdenite and bismuth contained within branching, quartz-rich, pipe-like orebodies within the greisenised flank of the high-level fractionated Bamford granite stock

Wolfram was discovered here in 1893 (a year before Wolfram Camp), with the most extensive production from numerous underground workings during the period 1906-1920 with limited subsequent activity during periods of higher tungsten demand, including significant eluvial mining of remnant surficial deposits from 1979 to 1981, as shown in Figure 9-8

The scale of the alteration system (over 2.5 km strike extending to depths of at least 250m) led to the most recent systematic exploration at Bamford Hill in the early 1980’s which evaluated the bulk-tonnage / low grade potential of the central section of the mineralised contact zone which hosts the highest density of historical workings.

A program of diamond core and percussion drilling (~3,600m), exploratory underground development (Figure 9-9) and analysis of historical production records identified resource potential of 20-30Mt with a low (<0.1%) combined WO3, Mo + Bi grade, and also highlighted significant untested potential for higher-grade pipes.

9.4 Four Mile and Eight Mile – Priority 3

Four Mile - Granite contact greisen-hosted W-Mo Exploration Target 0.5-1 Mt @ 0.15-0.25% WO3

Key Prospects – Four Mile + concealed cupola under base metal anomalies.

Eight Mile - Granite contact greisen-hosted W-Mo

Exploration Target 1-2 Mt @ 0.15-0.25% WO3

Key Prospects – Eight Mile, Captain Morgan, mapped alteration zones + concealed mineralised cupolas

9.5 Scardon’s – Priority 4

Scardon’s - Granite contact greisen-hosted W-Mo

Exploration Target 0.5-1 Mt @ 0.15-0.25% WO3

9.6 Other Surrounding Areas – Priority 4

Sunnymount Group - Structurally controlled Sn-W

Exploration Target 0.1-0.5 Mt @ 0.3-0.5% Sn

Dover Castle Area - Structurally controlled Sn-Ag-In

Exploration Target 0.1-0.2 Mt @ 0.3-0.5% Sn

Mistake Group - Structurally controlled Sn-W-F

Exploration Target 0.1-0.2 Mt @ 0.3-0.5% Sn

Koorboora Tinfield - Structurally controlled Sn

Exploration Target 0.1-0.2 Mt @ 0.3-0.5% Sn

The 2017 Almonty Report is 200 pages long so lots of detailed information.

After a fair bit of reading, what is apparent is that a fair bit of time/effort/money has already been thrown into wolfram camp. The fact Almonty bought it for $16m cad would indicate it is worth something. I expect if any one can make a go out of the area it is the EQ Resources team and I also expect if the numbers don’t stack up then they will happily move along. Lets see what some new exploration and some new tech applied can come up with. With any luck in a few years the tungsten price will have increased enough to make a lot of the above numbers economic.