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EQ RESOURCES LIMITED — Capital/Financing Update 2012
Jan 23, 2012
64867_rns_2012-01-23_a57d9ea3-81ca-4f60-bef0-35a1af0a4de0.pdf
Capital/Financing Update
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ASX MARKET UPDATE
Carbine Tungsten Off-take Agreement
Carbine Tungsten Limited (CNQ) is very pleased to announce that following discussions with Mitsubishi Corporation Unimetals Ltd (MCU), MCU has provided CNQ with a Letter of Intent to purchase all concentrates produced from the Mt Carbine Tailings re-treatment project subject to the product being acceptable.
The price paid by MCU for the product will be based on the monthly London Metal Bulletin price for Ammonium Para Tungstate, less a discount depending on the grade and mineral content of the tungsten concentrate.
For further information regarding this announcement contact:
Andrew White
Director
Carbine Tungsten Limited
ASX Code: CNQ (Carbine North Queensland) 50 Scott Street, Bungalow QLD 4870 PO Box 1040, Bungalow QLD 4870 Telephone: +61 (0) 7 4052 2400 Facsimile: +61 (0) 7 4052 2444 Mobile: +61 (0) 411 110 513 Email: [email protected]
24 January 2012
Information relating to Carbine Tungsten and its projects can be found on the Company’s website at www.carbinetungsten.com.au
Carbine Tungsten Limited
ACN 115 009 106 Registered Office: Suite 505, Level 5, 35 Lime Street, Sydney NSW 2000, Tel: +61 2 9279 1252, Fax: +61 2 9279 2727 Cairns Office: 50 Scott Street, Bungalow Queensland 4870, Tel: +61 7 4052 2400, Fax: +61 7 4052 2444