Tungsten Mining NL (AU:TGN) has released an update.
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Tungsten Mining NL reports progress on the Mt Mulgine and Hatches Creek projects, with a strategic study nearing completion and positive testwork results suggesting a simple processing solution for Mt Mulgine. The company remains optimistic about the development strategies for both projects and has strengthened its financial position with a cash reserve of $8.07 million and a $1 million grant from the federal government. Chairman Gary Lyons highlights the importance of these projects in driving shareholder value and the company’s excitement for the regions’ prospectivity.
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