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.
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.
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 MoreConstruction has commenced with first tungsten concentrate expected in early 2023.
Current project life of 14 years with significant potential for expansion at nearby Bold Head and additional exploration leases.
Tungsten has been identified as a strategic critical mineral with strong fundamentals for sustained growth.
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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.
Strength and diversity in high demand
Current Tungsten price US$345–$353/mtu as of 22/03/22 LEARN MORE