Siburan Purchases Tungsten Project in New Zealand

Mining Weekly reported the New Zealand government has awarded a tungsten exploration permit to Siburan Resources (ASX:SBU).

As quoted in the market news:

The exploration permit has been granted for a period of five years, while the prospecting permit would be valid for two years. Both these permits cover an area of some 837.9 km², with potential to host high tonnage tungsten deposits, based on previous exploration work.

Click here to read the full Mining Weekly report.