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- Group 6 Metals (G6M) achieves commercial production at its Dolphin tungsten mine in Tasmania
- The company reported inventories of saleable tungsten concentrate totalling 10 tonnes
- G6M’s process plant achieved a 70 per cent runtime in excess of 10,000 tonnes of lower to medium-grade ore at an average grade of 0.3 per cent tungsten trioxide
- The concentrate is being prepared for dispatch for G6M’s first concentrate sales, and the company is well prepared to continue with additional drilling later this month
- G6M shares are up 3.85 per cent at 13.5 cents at 3:13 pm AEST
Group 6 Metals (G6M) has achieved commercial production at its Dolphin tungsten mine in Tasmania, with inventories of saleable tungsten concentrate totalling ten tonnes.
The company’s process plant achieved a 70 per cent runtime processing in excess of 10,000 tonnes of lower to medium-grade ore at an average grade of 0.3 per cent tungsten trioxide.
This has produced approximately ten tonnes of saleable tungsten concentrate for June 2023, with preliminary site assays indicating the concentrate has achieved an average grade of 55 per cent tungsten trioxide and a maximum grade of 68 per cent tungsten trioxide.
The concentrate is being prepared for dispatch for G6M’s first concentrate sales, which marks another significant milestone for the company.
Group 6 Metals Managing Director and CEO Keith McKnight said the company was thrilled to achieve commercial production.
“Our achievement of successfully processing more than 10,000 tonnes of ore in June and producing concentrate ready for sale is another significant milestone for the company
and a credit to the hard work and dedication of our site team and contractors,” he said.
“We were also very happy to open the site to the residents of King Island, so they could have a close look at what our site team has achieved to date.”
The company also reminded shareholders that its share purchase plan (SSP) closes on Thursday, July 6.
G6M shares were up 3.85 per cent at 13.5 cents at 3:13 pm AEST.
