Dolphin Tungsten Mine set new monthly records for ore mined, ore processed, Tungsten concentrate produced and Tungsten concentrate sold during March.
“March results have seen significant improvements across all facets of the operation, and a number of operational records have been broken,” Group 6 Metals managing director Keith McKnight said.
“These improved results have been the result of a lot of hard work by our employees and contractors. The team is focused on maintaining the mining team’s momentum and improving the throughput and recoveries from the plant.
“I am looking forward to mining and processing the higher-grade ores, which will improve recoveries and, subsequently, the tungsten concentrate produced and sold.”
March marked a period of transition for DTM’s mining operations, as the mine continues to ramp up. This advancement has enabled the accessing of higher-grade tungsten trioxide (WO3) ore materials.
However, an interim modification in the operational mining sequence during March resulted in the temporary deferment of mining from the high-grade ore zones. In March, the mining operations achieved a milestone by extracting a record 49,609 tonnes of ore, with an average WO3 grade of 0.48 per cent.
Additionally, 98,521 bank cubic meters (BCM) of waste material were excavated. With the refurbishment of the two ball mills completed in February, March recorded a full month of production.
The plant set new records for monthly throughput at 43 tonnes per hour and plant utilisation of 77 per cent.
This resulted in a record volume of ore processed of 24,515 dry metric tonnes, an increase of 49 per cent from February and 44 per cent above the previous record in November, 2023.
Record production underpinned record sales of 6,335mtu. An increase of 83 per cent versus February sales and 23 per cent above the previous record in December.
The ammonium para tungstate (APT) CIF Rotterdam prices have remained stable during March and currently sit at US$305 – 320 per MTU (10 kg of WO3).
The company announced to the ASX on Monday that Mr Tony Caruso is appointed as a non-executive director of the company effective immediately.
“Mr Caruso is a highly accomplished mining professional in the Australian coal sector and more recently the metals sectors,” G6M said in a statement.
“Mr Caruso has led companies through diverse phases of the business cycle, including rapid growth and transformation.
Most notably, Mr Caruso was CEO and managing director of ASX-listed Metarock Group Limited (formerly Mastermyne Pty Ltd).
“Mr Caruso’s appointment, together with the recent appointment of Mr Tony Davis as Executive General Manager of operations, adds valuable expertise as the company prepares for underground mining operations at the Dolphin Tungsten Mine, which is scheduled for 2026 representing an important step for the Company.”
G6M Chairman Johann Jacobs also welcomed Mr Caruso’s experience.
“The Board of Group 6 Metals warmly welcomes Tony as non-executive director. His impressive experience gained over more than a 30-year career will be extremely valuable as the Dolphin Tungsten Project prepares for underground mining operations,” he said.
Mr Caruso was delighted to join the board. “The Dolphin Tungsten Project has significant potential and I am excited to support the Company deliver its strategic objectives. I look forward to contributing with my experience to the decision making of the Company.”