Mining company Tungsten West has boosted ore and mineral reserves at its Hemerdon mine near Plymouth, it has announced. The AIM-listed firm, which is looking to restart production at the site next year, provided the update to investors on Monday (December 19) as part of a feasibility study.
The business said it had seen a 60% increase in ore tonnage and 10% increase in contained metal from previous 2021 ore, and a 7% increase in mineral tonnage and 1% increase in contained metal from last year’s mineral resources.
The Hemerdon deposit is estimated to be the second-largest reported tungsten reserve globally.
