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ALmonty Korea Tungsten

Almonty Korea Tungsten

Sangdong, South Korea

Almonty, through its wholly-owned subsidiary, Woulfe Mining Corp, owns a 100% interest in the Almonty Korea Tungsten Project (AKT) located in South Korea.

The Almonty Korea Tungsten deposit (Sangdong Mine) hosts one of the largest tungsten resources in the world. AKT was the leading global tungsten producer for more than 40 years and it has the potential to produce 50% of the world’s Tungsten supply (ex-China output). Almonty’s Sangdong Mine Project is becoming a hot topic for resource experts, miners, investors, shareholders and other interested parties around the globe. Almonty recently completed its Pilot Plant at Sangdong Mine and site construction of production facilities is underway. Almonty’s commitment to economic and community development will surely contribute to guiding the “Pride of Korea” back on track.

Latest News – Almonty Korea Tungsten

Almonty to Receive 7th and Penultimate 8th Drawdowns from KfW IPEX-Bank for Ongoing Construction of the Sangdong Tungsten Mine

Almonty Korea Tungsten Corporation has received a fully executed Utilization Request for US$10.6M in conjunction with the seventh and eighth drawdowns on the US$75.1M KfW project loan.

Sandong Tungsten Mine Site Visit by Governor of Gangwon Special Self-Governing Province and County Mayor of Yeongwol

Almonty is pleased to announce that on the 3rd of July, 2024, Kim Jin-tae, the Governor of Gangwon Special Self-Governing Province, toured Almonty’s tungsten mine redevelopment site in Sangdong-eup, Yeongwol county, South Korea.
Panasqueira Mine

Panasqueira Mine

Covilhã (Village of Panasqueira), Portugal

Almonty, through its indirect wholly-owned subsidiary, Beralt Tin and Wolfram (Portugal) SA (“Beralt”), owns a 100% interest in the Panasqueira Tin Tungsten mine located in Covilhã (Village of Panasqueira), Portugal.

To date, a second tailings dam at Panasqueira has been completed which will enable Panasqueira to process and store tailings for another 6 years at the rate of 800,000 ton mining per annum. In addition to the application of stringent safety standards in the engineering, the new tailings dam is designed for the second phase expansion for an additional 4 years by placing a surrounding 10 meter height retaining wall. A further phase three is now planned to increase capacity by a further 10 years. Thus, a total of 20 years additional capacity is anticipated after the completion of all three phases.

Latest News – Panasqueira Mine

Unlocking the Potential of Panasqueira Mine: Almonty Industries’ Investment Highlights

Almonty Industries is thrilled to announce the entry into Level 4 (L4) of the Panasqueira Mine. In the picturesque landscapes of Covilhã, nestled within Portugal’s Castelo Branco district, lies the historic Panasqueira Mine – a testament to a rich legacy of ...

In Loving Memory of Mr. Alfredo Pereira

It is with heavy hearts that we announce the passing of Mr. Alfredo Pereira, born on the 6th March 1944 in Cebola (now known as São Jorge da Beira), Covilhã County.
Los Santos Mine

Los Santos Mine

Los Santos, Northern Spain

Almonty has completed its second optimization, at its Los Santos mine in northern Spain. Almonty acquired the project in September 2011 and has been focused on utilizing its expertise in order to improve operations, reduce costs and raise the tungsten recovery rate.

To date Almonty has achieved an approximate 50% recovery rate of WO3 from its tailings retreatment as a result of continuing tests and trials, a substantial improvement from the 35-40% recovery rate attained in the initial stage of tailings retreatment.This has been a very successful project, with the company enhancing the production profile of the milling operations and extending the mine life to more than nine years. In turn, Almonty has reduced cash operating costs by over 35% and has significantly increased cash flow from its operations.

Almonty continues to improve and increase its knowledge in the area of tailings reprocessing which further demonstrates our commitment to invest in tungsten technologies which is paramount to remaining competitive.

Latest News – Los Santos Mine

Plans to Reopen Los Santos Mine Utilizing our Flotation Technology Developed for our Sangdong Tungsten Mine

(“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI.F) is pleased to announce that plans are now well advanced to reopen the former producing mine in Spain, Los Santos.

Valtreixal Project

North Western Spain

Almonty Industries Inc. currently owns 100% of the Valtreixal Sn-WO3 project in North Western Spain (approximately 250km from its Los Santos tungsten project). Almonty acquired the project from SIEMCALSA, the same group that were involved in the historical development of the Los Santos Mine.

Almonty is pursuing other growth opportunities via acquisitions, where it can apply its knowledge and strength in depth to create additional value for all stakeholders. The company’s focus remains on past producing mines, operations that are on care and maintenance, tailings stockpiles and other situations where near-term production and positive cash flow can be achieved.

Latest News – Valtreixal Project

LEADERS Magazine: Tungsten Mining – An Interview with Lewis Black

I founded Almonty Industries in 2011 after spending a few years working in the mining sector. I had the opportunity to focus on tungsten early on and became intimately familiar with its integral place in defense and consumer products as well as the rigid ...

Almonty Announces the Successful Capital Raising of A$15.25m and a Dual Listing on the ASX on 2nd August 2021

Perth – 2 August, 2021 – Almonty Industries Inc. (“Almonty” or the “Company”) (ASX:AII / TSX: AII / OTCQX: ALMTF / Frankfurt: ALI.F) is pleased to announce the successful capital raising of A$15.25m and a dual listing on the ASX on 2nd August 2021. On ...
ALmonty Korea Tungsten

Almonty Korea Moly

Sangdong, South Korea

Almonty Korea Moly (AKM) is a large molybdenite-quartz vein stockwork deposit in the Sangdong area and close to the Sangdong tungsten project of AKT. Reserve estimations shows a higher grade zone of 16 M tonnes grading 0.4% MoS2 or a global resource of 120 Mt grading 0.13% MoS2.

Due to the size of this deposit further exploration will be conducted and it is potentially a viable deposit that can share mining and processing infrastructures with the Almonty Korea Tungsten project.

Tungsten Projects

Almonty Industries: Redefining Global Tungsten Mining

Almonty holds a distinctive position in the tungsten market, supported by its established global projects network and track record of consistently positive economic performance.

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Tungsten (W), Group 6, Atomic Number 74, d-block, Mass 183.84. Properties, facts, uses, supply and demand, forecast and APT prices.

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