Proactive Investors Australia reported that Hazelwood Resources (ASZ:HAZ) could be on its way to vertically integrating following the discovery of valuable tungsten mineralization in overburden at Western Australia’s Mt. Mulgine project. Hazelwood owns 100 percent of rights to the tungsten, according to Proactive Investor.
As quoted in the press release:
The owner of the gold rights to the Mt Mulgine project, which is already operating within the project area, has conducted gold grade control drilling that has revealed new-near surface significant tungsten mineralisation from an area that is now being mined and stockpiled. No surprise then that Hazelwood is in the process of reviewing all available data to better define the resource and determine what parts of the mined and stockpiled material could be classified as Tungsten Ore.