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- Group 6 Metals (G6M) confirms it is on target to produce its first concentrate from its wholly-owned Dolphin Tungsten Mine on King Island, Tasmania, in Q1 2023
- The company has ramped up construction activities in line with its schedule despite a challenging environment which has impacted materials and labour availability
- Most of the major mechanical equipment has started to arrive with the majority of the anticipated deliveries expected to arrive on-site by the end of July
- The company expects the medium to longer term demand of ammonium paratungstate will remain strong with the easing of COVID-19 restrictions and the downstream process industry recovering
- Shares in Group 6 are up 22.9 per cent, trading at 21.5 cents at market close
Group 6 Metals (G6M) have confirmed that it is on target to produce its first concentrate from its wholly-owned Dolphin Tungsten Mine on King Island, Tasmania, in Q1 2023.
The company had ramped up construction activities in line with its schedule despite a challenging construction environment, most recently completing the earthworks and commencing civil works required to support the process plant at the mine.
The crusher circuit is expected to be completed by the end of June which will be handed over to Gekko Systems for mechanical installation works.
Most of the major mechanical equipment has started to arrive with the majority of the anticipated deliveries expected to arrive on-site by the end of July.
CEO Keith McKnight said the company has ensured equipment will be delivered on time and within budget, mitigating significant cost escalation and delays.
“G6M staff and contractors have worked very hard to achieve the progress to date and we would like to thank them for their efforts,” he said.
“The next six months will be a very busy time for the company and our team on the ground at Dolphin.”
The overhead power line connecting the mine site to the King Island grid has been installed and trenching for the electrical conduits required to deliver power has commenced with power for construction activities expected to be made available in July.
Installation of the process plant access roads has commenced which is required for mechanical installation works due to start in July.
The company expects the medium to longer term demand of ammonium paratungstate (APT) will remain strong with the easing of COVID-19 restrictions and the downstream process industry recovering.
Shares in Group 6 were up 22.9 per cent, trading at 21.5 cents at market close.
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