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IN BRIEF: Tungsten West shares climb after successful processing trial

ALN

Tungsten West PLC - London-based miner and owner of the past producing Hemerdon tungsten and tin mine in Devon, England - Reports ‘positive progress’ from its ongoing processing trial at Hemerdon. Tungsten West said the trial is being undertaken as part of a programme focused on testing and optimising key sections of the mineral processing facility and is required for the planned restart of full-scale production. The company generated its first trial tungsten concentrate as part of the trial programme.

Chief Executive Jeff Court said: ‘The progress we are making in this processing trial is an important milestone in restarting operations at Hemerdon and provides confidence to our neighbours, the Environment Agency, our investors and off-takers that we are moving towards production. We have ensured that all activities throughout this trial have been conducted to high environmental and operational standards. As the need for a diversified source of tungsten intensifies, Hemerdon becomes an even more important strategic asset.’

Stock price: 11.05, up 11% on Friday afternoon

12-month change: more than tripled

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