viewCarbine Tungsten

Carbine Tungsten set for production jump from stockpiles at Mount Carbine in QLD


Carbine Tungsten (ASX:CNQ) has secured Environmental Authority approval for stockpile processing of up to 3 million tonnes per annum at its flagship Mound Carbine project - a key step towards Carbine's aim of becoming a major tungsten producer.

The transition from a tailings retreatment operation to hard rock tungsten development will significantly increase production.

The blessing from the Queensland Department of Environment and Heritage Protection also clears the last major hurdle in securing the $15 million in development funding from Mitsubishi Corporation, previously outlined via MOU.

Additionally, discussions are ongoing with a range of other potential project partners and sophisticated investors.

Tungsten ranked second behind rare earths in the British Geological Survey's 2012 supply risk index, based on a number of factors such as location and concentration of production and reserves. Prices are currently strong, rising 20% since April, from $40 to $48 USD per kilogram.

CNQ has a market cap of $15 million, and is in prime position to capitalise on growing tungsten demand with support from a global major in Mitsubishi.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Carbine Tungsten

Price: - -

Market: ASX
Market Cap: -

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Matador Mining Ltd nearing release of scoping study for Cape Ray gold project

  Matador Mining Ltd's (ASX:MZZ) executive director Adam Kiley tells Proactive's Andrew Scott they're getting to close to announcing a scoping study for its Cape Ray Gold Project in Newfoundland, Canada, which is expected to be released 'later this quarter'. ''Also in the past quarter...

17 hours, 29 minutes ago

2 min read