tungsten double the sales from tailings

$5 Mil to $10 Mil

Tailing treatment
The total costs for the tailings re-treatment project will come in close to its intended budget of $4.5 million and revised cash flow models assuming an A$:US$ exchange rate of $1.08 indicate that the project has a very attractive Net Present Value and Return on Capital.
Full scale wet commissioning of the tailings re-treatment plant commenced in the last week of April 2012.


Product Marketing.
Gross revenues for the tailings re-treatment stage of the project have been estimated at $10,000,000 per year.(Double the pridiction in Feb The estimated gross revenues from processing the low-grade stockpiles in Stage 2 have been estimated at $50,000,000 per year while hard rock mining has estimated gross revenues of $100,000,000 per year, assuming 3 million tonnes per year of production, 94% recovery from ore sorting, 80% recovery from concentration, product grade of 65% WO3 and current APT prices.

Presentation dated 22 Feb 2011 off the CNQ website and is not on ASX announcements.

Link http://www.carbinetungsten.com.au/announcements/the-tungsten-company

Tailings, Production 50t Mth EBITDA $5Mil Yr Capex $4Mil Mine Life 2 Years Start up 2011.
Low Grade stockpiles. Production 100t Mth EBITDA $15Mil Yr Capex $20Mil Mine Life 5 Years Start up 2012.
Hard Rock. Production 200t Mth EBITDA $30Mil Yr Capex $5Mil Mine Life 10 Years Start up TBA.