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Almonty Industries Inc T.AII

Alternate Symbol(s):  ALMTF

Almonty Industries Inc. is a Canada-based company, which is engaged in the mining, processing and shipping of tungsten concentrate, as well as the exploration and evaluation of its projects. The Company operates through four segments: Los Santos Mine, Panasquiera Mine, Valtreixal Project, and Woulfe. The Los Santos Mine is located in Spain whose operations relate to the exploration and mining of Tungsten. The Panasqueira Mine is located in Covilha Castelo Branco, Portugal, whose operations relate to the exploration and mining of tungsten, as well as the production of copper and tin concentrate by-products. The Valtreixal Project is located in Spain whose operations relate to the exploration and evaluation activities of the Valtreixal tin/tungsten project. Woulfe’s properties are located in Gangwon Province, Republic of Korea. The Woulfe's operations relate primarily to the exploration, evaluation and development of the Sangdong Project.


TSX:AII - Post by User

Comment by QuarterDollaron Aug 07, 2022 6:11pm
164 Views
Post# 34877543

RE:RE:RE:RE:RE:RE:Two Totally Separate Process Plants For Tungsten And Molly !

RE:RE:RE:RE:RE:RE:Two Totally Separate Process Plants For Tungsten And Molly !I totally agree with you 5ilver..... they have a mining plan and they are executing it. They already know:
  • the Moly entrance is on the other side of the hill.
  • For sure they know how the mine layout will be with the cross sections with tungsten mine for additional safety and sharing of mining vehicles.
LB and team are further ahead than they are letting us know.  But before they can make any announcements, they need to iron out any rinkles. Plus they need to start drilling out the moly tunnels within the next 12 months, albeit perhaps at a slower pace since the tungsten mine is a priority.  I also expect a deal announcement with POSCO within the next year as that will contribute to the determination of the size of the mine processing equipment.

As for the tungsten, in a few months we should hear an update on their progress, especially building of the concrete platforms and what percentage the tunnel drilling is complete.

Thanks to you 5ilver, we know the concrete platforms are critical for Almonty to keep to it's mine deployment schedule.
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