Ann: Trading Halt, page-49

Director Appointment – In January 2018 the Company announced the appointment of Tan Sri Dato Tien Seng Law to the Board as a Non-executive Director and Deputy Chairman. • Appointment of Principal Metallurgist – Mark Merry - bringing a high level of operational expertise to TGN in the production of scheelite concentrate and the downstream processing to APT. • Cash position – The Company’s cash position as at 31 March 2018 was $15m. Commentary During the March quarter Tungsten Mining has continued to deliver on its development plan for the Mt Mulgine Tungsten Project with the progression of several key project work packages. In particular, completion of the Early Contractor Involvement (ECI) phase, continued sterilisation drilling to finalise the project footprint and progression of the waste rock and tailings characterisation study, tailings dam design and groundwater study. Completion of these studies will form part of the Mining Proposal and further de-risk and provide greater definition to the project. The Placement announced in April will further strengthen Tungsten Mining’s existing significant cash reserves to support accelerated development at Mulgine Hill, fast tracking an expansion case incorporating the Mulgine Trench deposit and to maximise opportunities presented in the market.