Integrated tungsten complex

A long-term industrial platform connecting tungsten resources with qualified powders, alloys and tools. Development funding, mine investment and downstream manufacturing can be separated into independently approved stages. Proposed scale: Mining, intermediates and advanced tooling modules Preliminary capital reference: 604.50 USD million The amount refers to the full proposed scope. The first-phase budget and funding structure will be agreed after technical quotations and scope validation. Project basis: This is a proposed investment concept. Capacity, ownership and operating rights, permits and transaction terms require project-specific confirmation. Complete independent geology and process studies, establish a single metal balance and confirm how related proposals share feedstock. Project equity, a technical or operating partnership, equipment finance or an offtake arrangement may be considered. The structure and investable rights will be agreed with the authorised project owner.