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Almonty Industries Inc.

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Summary

Project:

Sangdong

Deposit:Sangdong
Location:South Korea
Commodities:Tungsten
Date:8/29/2016
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Mine Development
Report details:29-8-2016: Almonty Industries Inc. announces a Resource Estimation report for its Sangdong deposit at the Sangdong project. Updated mineral resources and ore reserves at project. This report was prepared to provide a Technical Report compliant with the pr
Resources:(Reserve, Prob.): 7.896Mt @ 0.45% WO3 at Sangdong
CP/QP:[Resources]: Adam Wheeler (Independent)
ABSTRACT:This report was prepared to provide a Technical Report compliant with the provisions of National Instrument 43-101 - Standards of Disclosure for Mineral Projects, (“NI 43-101”), and comprises a review and summary of a Resource and Reserve Estimation for the Sangdong project, as of the end of August 2015. The Sangdong deposit is considered as a potential underground operation, and is located in the Gangwon Region of South Korea. The principal potential products are tungsten and molybdenum. This report was prepared by Adam Wheeler, at the request of Mr. N. Alves, Almonty Industries (“Almonty”). Assistance and technical detail were supplied by the technical personnel of the Sangdong Mining Corp. Adam Wheeler visited the Sangdong site on August 24th- 26th, 2015, along with other Almonty technical personnel. Previous underground mining at Sangdong took place at various times since the original discovery in 1916. The last main operation was from 1952 to closure in 1992. This document describes an update to the previous 43-101 completed in December 2015, as a consequence of the updated Phase 7 diamond drilling in 2016.

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