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Carbine Tungsten inks sales contract with Mitsubishi Unimetals Corporation

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Carbine Tungsten (ASX: CNQ) has secured a sales contract with Mitsubishi Group company, Mitsubishi Unimetals Corporation, at a higher agreed sales price than initially forecast.

The agreed sales price per metric tonne unit of product is more favourable than earlier predicted in the Feasibility Study.

The product grade is also much higher than previously anticipated, which means a potential increased income from sales should the grade be consistently achievable over the full production cycle.

The initial 20 tonne bulk consignment is scheduled for shipment within the next few weeks.

Carbine Tungsten continues to ramp up its tailings recovery production facility, which has enhanced its peak production throughput capability in the past two weeks.

The company is targeting a monthly production rate of 30,000 metric tonne units per month from the current production target of 5,000 metric tonne units per month.


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