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Tungsten Mining NL

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Summary

Project:

Big Hill

Deposit:Big Hill
Location:Australia
Commodities:Tungsten
Date:6/22/2016
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:22-6-2016: Tungsten Mining NL announces a Resource Estimation report for its Big Hill deposit at the Big Hill project. Updated mineral resource estimate for Big Hill, project no longer contains a Measured resource. Emerging Australian tungsten developer,
Resources:(Resource, I+I): 11.5Mt @ 0.15% WO3 at Big Hill
CP/QP:[Resources]: Paul Blackney (Optiro Pty Ltd.)
ABSTRACT:Emerging Australian tungsten developer, Tungsten Mining NL (ASX: TGN) (“Tungsten Mining” or “the Company”) is pleased to report the updated Mineral Resource for the Big Hill deposit, located in the Pilbara Region of Western Australia. In December 2015, Tungsten Mining acquired the Mt Mulgine and Big Hill Projects from ATC Alloys Ltd (formerly named Hazelwood Resources Ltd and herein referered to as “Hazelwood”). Mt Mulgine, located in the Murchison region of Western Australia, contains two known resources – Mulgine Trench and Mulgine Hill. Mulgine Trench has been estimated to JORC-2012 standards, however at acquisition, Mulgine Hill and Big Hill were classified in accordance with JORC-2004 guidelines. The purpose of this announcement is to advise that the Mineral Resource estimate for Big Hill has now been updated in accordance with JORC-2012. Compared to reporting from the 2010 Mineral Resource estimate at a 0.10% WO3 cut-off grade, there is a slight decrease in grade and a material reduction in tonnes. The resource category has also been downgraded from predominately a Measured and Indicated classification in 2010 to 54% Indicated in the revised Mineral Resource estimate. This is largely due to a change in estimation methodology and a more conservative approach with regards to extrapolating the resource.

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