Proactive Investors - Run By Investors For Investors

Siburan Resources plans tungsten connections as Chinese partnership deepens

Siburan Resources plans tungsten connections as Chinese partnership deepens

Siburan Resources (ASX:SBU) has helped its chances of making business connections with Asian tungsten customers by formalising a marketing relationship with a Chinese auto parts manufacturer.

Siburan – which develops both tungsten and gold assets – has reached an arrangement with China Automobile Parts Holdings Limited to investigate the viability of the market in Australia for its products.

The arrangement will allow China Automobile benefit from Siburan’s assistance in showcasing its car products in Australia with the aim of establishing a sales presence.

The deal follows a move by Siburan in May to acquire 16.67% of China Automobile as part of the Perth-based company’s strategy to gain a presence in China.

This in turn is expected to open doors to major players in the tungsten industry as well as potential end-users and offtakers for Siburan’s Kirwan tungsten project in New Zealand.

Kirwan is planned to be the largest tungsten mine outside of China and is slated to deliver a JORC resource in the coming months based on a series of drilling programs to outline the extent of the mineralisation.

The project covers 837 square kilometres 12 kilometres east of the township of Reefton on NZ’s South Island.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong.

View full SBU profile View Profile

Siburan Resources Timeline

Newswire
September 30 2014

Related Articles

1547552341_golden-arrow---antofalla.jpg
January 13 2019
The company recently announced the start of the Chinchillas operation in Jujuy Province, Argentina
Mark Wilson and Mark Creasy with a Nova-Bollinger core sample Creasy showed Wilson, telling him, ‘There’s what you’re looking for, now go find it’
February 21 2019
A Creasy team will move to Rockford next as exploration resumes.
Sconi project map showing proximity to Townsville port
March 08 2019
SK Innovation is likely to take all the battery-grade cobalt sulphate and nickel sulphate produced from Sconi.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use