IBTimes reported Ormonde Mining (AIM:ORM,ISX:ORQ)provided an update on the ongoing feasibility study at its Barruecopardo tungsten project in Spain.
IBTimes reported Ormonde Mining (AIM:ORM,ISX:ORQ)provided an update on the ongoing feasibility study at its Barruecopardo tungsten project in Spain.
As quoted in the market news,
Work completed on the feasibility study to date is extremely positive with a very material increase in Indicated Resources and consequently a 60% increase in projected annual tungsten production leading to a substantial revision upwards in cash flow forecasts.
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