What's Happening?
Elementos has reported a significant increase in tungsten grades at its Cleveland Project in Tasmania, achieving a 410% improvement through x-ray transmission (XRT) ore sorting testwork. The tungsten recovery
rate now stands at 87%, with mass rejects at 79%. This advancement was achieved using samples from drillhole C2124A, processed at the TOMRA Sorting Solutions Facility. The company is exploring various grade options for future studies to optimize the project's economic potential.
Why It's Important?
The enhancement of tungsten grades is crucial as tungsten is a critical mineral with high demand in various industries, including electronics and defense. The increase in grades could lead to more efficient production and potentially lower costs, making the Cleveland Project more economically viable. This development positions Elementos to capitalize on the rising global demand for tungsten, which is currently priced above US$61,500 per tonne.
What's Next?
Elementos plans to re-estimate the mineral resources and conduct further metallurgical testwork to evaluate the project's full economic potential. The company is also assessing the co-mineralized critical minerals present alongside tungsten. These steps are essential for determining the project's viability and attracting potential investors.
Beyond the Headlines
The surge in tungsten prices and the strategic importance of critical minerals highlight the need for sustainable and efficient mining practices. Elementos' advancements in ore sorting technology could set a precedent for other mining operations, emphasizing the role of innovation in resource extraction.
