Malaga schedule and tungsten price update

Last Friday I was informed we are expected to receive our "medium producer licence " upgrade from Peru between late Q1 and early Q2. This key upgrade will permit the Company to increase its tungsten production from 375 tonnes per day (tpd) to the much anticipated 500 tpd rate.

The updated factsheet and new PPT presentation will be ready before the Toronto PDAC conference.

The tungsten price is steadily rising in China as well the tungsten APT European bid price has increased from US $185 MTU to $205 MTU in the last month.


Tungsten APT European free market $ per mtu
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17/02/2010 205 210
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