The Icon Resources Mt Carbine Strategy is to create Australia's...

The Icon Resources Mt Carbine Strategy is to create Australia's largest tungsten mine. It will be the first back into production in Australia.

Tailings resources have now literally progressed to the final test stage for optimal process plant operation. (A lot of work was done by the previous owners). Production nears. We can expect an announcement about the test results shortly.

18 million tonnes of tungsten will be mined from the Tungsten Dump. Testing of this Tungsten Dump has only 4 weeks testing to go. It is a large Dump and will have a long life of 7 years. We can expect this second announcement in four weeks.

The long life of mine hard rock project is also about to give us a JORC. This is about to come out. The mine promises the biggest returns. It will be big enough to be bullet proof and will have a long life. We can expect this JORC announcement shortly also. That is three announcements in the next four weeks!!

Good news about tungsten:
(1) Chinese becoming increasingly restrictive
(2) Manufacturers world wide are demanding tungsten
(3) And tonnage will be refined using improved methods which add to profits. Scoping study showed that Icon Resources will produce a mixed concentration at lower grade. This means lower costs and higher recoveries making a much more profitable project! When the JORC comes out we are in the money.

Newminer.