The Dolphin
Tungsten Project:
Under construction, funded and fully permitted, high grade and low-cost in a supportive Tier-1 jurisdiction, with a clear pathway to near-term production.
Current Share Price
ASX: G6M
Pathway to Production
Group 6 Metals (ASX: G6M) is forging ahead with the redevelopment of the historic Dolphin Tungsten Mine, on King Island, Tasmania which has been closed since 1992. The ASX-listed company has commenced construction of the mine and is on schedule to start production in the first quarter of 2023.
The Dolphin Tungsten Mine
Previously operated between 1917 and 1992, the mine was closed due to extremely low tungsten prices with approximately 50% of the known mineral resource yet to be mined.
Today, the Dolphin Tungsten Mine hosts the highest-grade tungsten deposit of significant size in the western world.
Learn MoreHighlights
NEAR TERM PRODUCER
Construction has commenced with first tungsten concentrate expected in early 2023.
LONG MINE LIFE WITH SUBSTANTIAL UPSIDE
Current project life of 14 years with significant potential for expansion at nearby Bold Head and additional exploration leases.
STRATEGIC CRITICAL MINERAL
Tungsten has been identified as a strategic critical mineral with strong fundamentals for sustained growth.
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ROBUST PROJECT ECONOMICS
Revised Feasibility Study in December 2020 delivered an NPV of A$241m with capex of A$73m and cash operating costs of A$126/mtu WO3 with operating margin based on APT prices of ~A$195/mtu.
Tungsten
Strength and diversity in high demand
Current Tungsten price US$345–$353/mtu as of 22/03/22 LEARN MORE
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