Almonty Industries Inc T.AII

Alternate Symbol(s): ALMTF

Metals & Mining Industrial Metals & Minerals

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.

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Almonty Industries Inc > IIF Presentation - All Good News

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Comment by QuarterDollaron Oct 15, 2024 2:25pm

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Post# 36266763

RE:RE:IIF Presentation - All Good News

Additional Points from IIF:

Pana: In progress of extending the mine to L4. Scoping study completed. Ready-to-be-built.
Sangdong: Grade 0.51% WO3. Three times the global average grade. Construction will be completed immenently. (LB's words). Production starts in 2025
4.8% over budget (i.e. 6M over 125M) but the waste tungsten on the surface can be used to offset the amount over budget.
Cost of Phase II is approx $17M (excludes DownStream)
SK was 4th largest consumer of Moly. Now they are 2nd Largest.
Almonty will be running Tungsten and Moly Tours over the next few months.
Moly: Drilling campaign near completion.