REG - Tungsten West PLC - Completion of Updated Feasibility Study

Tungsten WestAnnouncement

Tue 07:02

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RNS Number : 9187T  Tungsten West PLC  05 August 2025

05 August 2025

Tungsten West Plc

("Tungsten West", the "Company" or the "Group")

 

Completion of Updated Feasibility Study

 

Tungsten West (LON:TUN), the mining company focused on restarting production
at the Hemerdon tungsten and tin mine ("Hemerdon" or the "Project") in Devon,
UK, is pleased to announce the completion of its updated Feasibility Study
(the "Study") for Hemerdon. An executive summary of the Feasibility Study is
available on the Company's website via the following link:
www.tungstenwest.com/technicalreports
(http://www.tungstenwest.com/technicalreports)

 

The Company announced on 30 May 2025 a preview of the Project's economics.
These remain unchanged with an IRR of 29% and an NPV(7.5%) of US$190 million
using a Tungsten price of US$400 per Metric Tonne Unit (65% ammonium
paratungstate, ("APT"), free on-board Rotterdam).

 

The Company will be hosting a live investor presentation in September, further
details will follow in due course.

 

Jeff Court, CEO of Tungsten West, commented:

"The conclusion of this Feasibility Study marks a highly significant milestone
for Tungsten West as we now formally commence our fundraising efforts. The
Study further emphasises the strong economics of the Project, fully supported
by its strong technical, environmental, community and stakeholder facets. The
Study also further underlines Hemerdon's global critical minerals supply
credentials.

 

"I would like to sincerely thank the entire team, including our employees and
consultants for their extremely hard work to complete this Study. In addition,
I would also like to thank our shareholders and financial supporters for their
continued dedication and belief in our Project."

 

Ends

 

For further information, please contact:

 

Enquiries

 Tungsten West                               Strand Hanson

 Alistair Stobie                             (Nominated Adviser and Financial Adviser)

 Tel: +44 (0) 1752 278500                    James Spinney / James Dance / Abigail Wennington

                                             Tel: +44 (0) 207 409 3494
 BlytheRay

 (Financial PR)

 Tim Blythe / Megan Ray

 Tel: +44(0) 20 7138 3204

 Email:  tungstenwest@blytheray.com

 Hannam & Partners

 (Broker)

 Andrew Chubb / Matt Hasson / Jay Ashfield

 Tel: +44 (0)20 7907 8500

 

Follow us on X @TungstenWest

 

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