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2.88% 71.5¢ almonty industries inc.

Ann: Fourth Sangdong Tungsten Mine Loan Facility Drawdown, page-2

  1. scottm
    2,164 Posts.
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    04/04/23
    08:30
    Post #: 67118467
    So

    Looks like commissioning is back to 2024 in this announcement.

    Below was in the term sheet when raising money from Australian investors last week.

    Investment Highlights ✓ Sangdong Project is the worlds largest tungsten mine outside of China
    ✓ Strategically important, high grade, high margin, long life tungsten and molybdenum mine
    ✓ Potential mine life of 90-years mine life based on Indicated and Inferred Resources of 58Mt at 0.44% WO3 at production
    rate of 640ktp.a2
    ✓ Fully permitted and construction progressing well, currently at 32% complete with 96% of equipment in-country, targeting
    commissioning in mid-2023

    AII Price at posting: 70.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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