Tungsten West plc said it needed to find sufficient funds for the near future to avoid having to reassess the restart of Hemerdon tin-tungsten mine in Devon. FUNDING OPTIONS In August 2022, the company said it was in discussions for additional funds after its revised plans failed to meet the $49 million loan terms from […]
Tag: Tungsten West plc
Tungsten West appoints Neil Gawthorpe as CEO
Tungsten West plc has appointed Neil Gawthorpe as chief executive officer with immediate effect and to the board imminently. He takes up the post after the company’s co-founder and former CEO Max Denning left in July 2022. Mr Gawthorpe has nearly 30 years’ experience in the mining industry, working in various roles, both operationally and […]
Tungsten West increases ORE and MRE at Hemerdon
Tungsten West plc published an increase in JORC (2012) compliant ore reserve estimate (ORE) and internal mineral resource estimate (MRE) at its Hemerdon tungsten and tin deposit in Devon. ORE RESERVE ESTIMATE The company reported a 60% increase in ore tonnage and 10% increase in contained metal from previous 2021 ORE. Tungsten West said that the […]
Tungsten West granted key permits for Hemerdon
Tungsten West plc has received two of four permits required to allow the restart of the tin-tungsten Hemerdon mine project in Devon. PERMITS The Environment Agency granted the mining waste facility permit and the open pit water abstraction licence. The company said it expected to receive in early 2023 two further abstraction permits. A renewed […]
Tungsten West spending and losses rise
Tungsten West plc recorded a loss of £5.1 million and increased spending to £6.4m during the first half of 2022 at its Hemerdon tin-tungsten project near Plymouth in Devon. EXPECTATIONS The group’s H1 results for the six months ended 30 September 2022 were marked by the departure of co-founder and chief executive Max Denning and […]
Tungsten West appoints Martin Wood as senior NED
Tungsten West plc has appointed Martin Wood to the board as a senior non-executive director. Mr Wood is the founder and managing director of Vicarage Capital Ltd, a full-service brokerage house for junior and mid-cap resource companies. He is also non-executive chairman of Altona Rare Earths Ltd where he helped to negotiate the acquisition of […]