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American Tungsten & Antimony (ASX:AT4) is fast-tracking development of the Dutch Mountain project in Utah after early workings found the tungsten-bearing system is a whole lot larger than initially anticipated.
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The company is looking to take advantage of the only permitted tungsten-processing route in the district and is undertaking studies for early production options.
The recently acquired State-side project notably includes the Fraction Lode mine, which stands as the last active tungsten producer in the U.S. The famed mine features estimated historical head grades of 1.7%.
AT4’s MD, Andre Booyzen, today said the Australian-headquartered company is preparing a notice of intent (NOI) for a drilling program to accelerate development of Dutch Mountain, with a plan to speed up approval by utilising the existing disturbed ground around the Fraction Lode open pit.
“The combination of the Fraction Lode’s high-grade pedigree and our permitted processing facility provides AT4 with a clear pathway to production,” Mr Booyzen said. “In our view, ownership of this facility directly addresses the lack of regional infrastructure and strengthens our ability to consolidate the district.”
Mr Booyzen said the potential to undertake accelerated drilling will lead to immediate evaluation of the depth and lateral extent of the high-grade system.
The company has already completed phase one exploration at Dutch Mountain, including grid-controlled soil and rock chip sampling, with initial findings showing the tungsten-bearing system is open in all directions.
American T&A now plans to add rock chip assay results into a geological model to refine targets and prioritise collars. It’s also undertaking an engineering review of the processing facility to finalise the restart schedule.
AT4 is at 13.8c heading into Wednesday’s morning trade.
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