• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Critical Metals Market
    Critical Metals News
    Critical Metals Stocks
    • Critical Metals Market
    • Critical Metals News
    • Critical Metals Stocks
    tungsten investing

    PROJECT UPDATE: Carbine Tungsten One Step Closer to Tungsten Production

    Vivien Diniz
    Dec. 03, 2013 11:34AM PST
    Critical Metals

    Carbine Tungsten was granted final approval for its stockpile processing facility.

    Australian tungsten hopeful Carbine Tungsten (ASX:CNQ) was granted final approval for the tungsten stockpile processing facility for its Mt. Carbine tungsten project in Queensland, Australia. Included in the approval is a processing capacity of up to 3 million tonnes per year, a new hard-rock processing facility and the extraction of ore from about 12 million tonnes of hard-rock stockpiled tungsten material.

    This latest approval was granted to Carbine Tungsten by the Queensland Department of Environment and Heritage Protection (DEHP), and is the final permit the company needs in order to start construction of the processing facility. Carbine Tungsten was granted approval for stockpile processing by the Environmental Authority earlier in August.

    Jim Morgan, Carbine’s managing director, said in company statement that “[t]he approval for the Plan of Operations is the final document required towards the development of the stockpile processing phase of our Hard Rock Project.”

    With both approvals in place, the company can now significantly increase production capacity in order to meet its goal of becoming a major tungsten producer.

    “Given the global tungsten supply shortage and growing tensions around traditional Asian tungsten supply sources, Mt Carbine is well positioned having a ready supply of tungsten concentrates from its historically proven large scale mine,” Morgan told investors, adding, “[t]his provides Carbine with a realistic and significant global advantage and the opportunity to become a leading low cost, low risk, long term, free market tungsten supplier.”

    On the back of today’s news, Carbine Tungsten shares have spiked 17.5 percent to trade at $0.047.

     

    Securities Disclosure: I, Vivien Diniz, hold no direct investment interest in any company mentioned in this article.

    asx:cnqaustraliatungsten supplytungsten investingqueensland
    The Conversation (0)

    Go Deeper

    AI Powered
    light bulb in ocean with jellyfish

    How to Invest in Tungsten Stocks

    Nasdaq building with logo and screens in Times Square.

    Almonty Shares Rise on Nasdaq Debut Amid US Push to Secure Tungsten Supply

    Latest News

    Homerun Resources Inc. Completes the Assignment of the CBPM Lease over the Guidoni Belmonte District Silica Mineral Rights

    High-Grade Channel Samples at Antimony Canyon Project - Utah

    Troy Minerals Files Technical Report for the Maiden Inferred Resource Estimate for High-Purity Silica at Table Mountain Project, BC

    CoTec Holdings Corp. Files Second Quarter Financial Statements and MD&A

    Trading Halt

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Critical Metals Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×