Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

TUNGSTEN MINING NL Interim / Quarterly Report 2014

Oct 29, 2014

65918_rns_2014-10-29_bc949bb4-7952-4749-b095-fe8943e9cc78.pdf

Interim / Quarterly Report

Open in viewer

Opens in your device viewer

==> picture [596 x 102] intentionally omitted <==

Quarterly Report – September 2014

Highlights

Kilba Project, Gascoyne region, Western Australia

  • Infill drilling confirms continuity of tungsten mineralisation at the “Flagship” Kilba Project.

  • Better intersections include:

  • 14 metres at 0.82% WO3 from 53 metres (Zone 11),

  • 15 metres at 0.76% WO3 from 78 metres including 6 metres at 1.45 WO3 (Zone 11),

  • 15 metres at 0.24% WO3 from 27 metres (Zone 8) and

  • 9 metres at 0.47% WO3 from 51 metres (Zone 8).

  • New drilling at Zone 12 intersected multiple low to medium grade zones of tungsten mineralisation over 260 metres of strike. Better intersections include:

  • 6 metres at 0.15% WO3 from 53 metres,

  • 2 metres at 0.69% WO3 from 83 metres including 1 metre at 1.03 WO3.

  • Completion of infill drilling to a 40 metre spacing is planned at Zones 8 and 11 in the December quarter.

Other

  • Geological mapping confirmed the presence of scheelite mineralisation in skarns at Loves Find. Selective rockchip samples of high-grade material assayed up to 5.6% WO3.

  • Management changes implemented with appointment of CEO and management and technical services to be provided by GWR Group Ltd.

Tungsten Mining NL (ASX:TGN) (“Tungsten Mining” or “the Company”) is pleased to release its quarterly activity report for the quarter ended September 30, 2014.

Kilba Project

The Company is pleased to report that drilling continues to intersect significant high-grade tungsten mineralisation at the Kilba Project in the Gascoyne Region of Western Australia. During the quarter, the Company drilled 53 reverse circulation (RC) holes for 4,304 metres on the 100% owned and granted Mining Lease 08/314. To date TGN has drilled a total of 24 diamond holes and 95 RC holes for 11,190 metres at the Kilba Project (Figure 1).

In May 2013, the Company defined an Indicated and Inferred Mineral Resource at Zone 8 and Zone 11 of the Kilba project (ASX announcement; 31 May 2013). The infill drilling program is being undertaken to increase the confidence level of the Kilba Mineral Resource at Zones 8 and 11 in support of formal feasibility studies commencing in the December quarter.

Drilling completed in August/September consisted of infilling sections to a 40 metre spacing for high-grade zones of the Zone 11 Mineral Resource and the drilling of 80 metre space sections at Zone 8 and 12.

1

Tungsten Mining NL Quarterly Activities Report September 2014

Figure 1 – plan displaying location of recent drilling (blue stars) at the Kilba Project

==> picture [498 x 349] intentionally omitted <==

Results from all drilling have been received and are discussed in sections below for individual prospects (refer to ASX announcement; 7 October 2014).

2

Tungsten Mining NL Quarterly Activities Report September 2014

Zone 11

A total of 37 RC holes for 2,737 metres were drilled at Zone 11 to complete 40 metre hole spacing for high-grade zones of the Mineral Resource (Figure 2). This drilling confirmed continuity of tungsten mineralisation and west plunging highgrade shoots. Better drill intersections are presented in Table 1 and a complete list of intersections greater than 2 metres at 0.10% WO3 are presented in Appendix 1. Collar locations are plotted on Figure 2.

Table 1 – Better intersection from Zone 11 RC drilling

**Kilba Project, RC Drilling (>0.10 % WO3) ** **Kilba Project, RC Drilling (>0.10 % WO3) ** **Kilba Project, RC Drilling (>0.10 % WO3) ** **Kilba Project, RC Drilling (>0.10 % WO3) ** **Kilba Project, RC Drilling (>0.10 % WO3) ** **Kilba Project, RC Drilling (>0.10 % WO3) ** **Kilba Project, RC Drilling (>0.10 % WO3) ** **Kilba Project, RC Drilling (>0.10 % WO3) **
Hole No MGA Coordinates Intersections
Easting
(m)
Northing
(m)
Depth
(m)
Dip/
Azim
From
(m)
To
(m)
Interval
(m)
WO3%
KRC0043 350,408 7,479,906 65 -60/020 23 36 13 0.33
KRC0046 350,355 7,479,881 90 -60/020 53 67 14 0.82
Incl. 55 57 2 1.36
Incl. 64 67 3 2.00
KRC0048 350,457 7,479,928 44 -60/020 1 6 5 0.51
Incl. 3 4 1 1.90
KRC0050 350,430 7,479,853 102 -60/020 69 72 3 0.96
78 93 15 0.76
Incl. 85 91 6 1.45
KRC0053 350,461 7,479,820 138 -50/020 111 114 3 0.59
KRC0057 350,333 7,479,930 66 -60/020 22 27 5 0.39
Incl. 25 26 1 1.05
KRC0060 350,267 7,479,871 115 -60/020 83 91 8 0.35
Incl. 87 88 1 1.23
KRC0067 350,035 7,480,074 66 -60/035 44 54 10 0.30
Incl. 48 49 1 1.24
KRC0095 349,951 7,480,096 96 -60/035 68 76 8 0.20
1m riffle Split RC samples. Analysis is XRF determination by Ultra Trace Laboratory, Perth. Lower cut-off grade
0.10% WO3, no top cut grade, up to 3.0m of internal waste. Grid coordinates are MGA Zone 50.

3

Tungsten Mining NL Quarterly Activities Report September 2014

Figure 2 – plan displaying collar location of recent drilling at Zone 11 (labels refer to drill holes prefixed KRC0…) and locations of Sections A–B and C–D shown below

==> picture [492 x 344] intentionally omitted <==

Infill drilling has increased the level of confidence in the geological interpretation with scheelite skarns traceable over numerous drill holes and drill sections. At Zone 11 these mineralised skarns are gently folded around the Kilba Granite for approximately 1.4 kilometres.

Tungsten mineralisation is associated with a 30 - 80 metre thick mineralised horizon consisting of psammitic and pelitic schists, carbonate, calc-silicate and skarn units. Tungsten mineralisation is associated with multiple narrow prograde and retrograde oxidised skarns typically 0.3 to 3 metres thick that form intersections up to 15 metre greater that 0.10% WO3. At the eastern end of Zone 11 mineralisation is associated with typically high-grade zones that dip steeply towards the south (Figure 3). In the Central and Western domains mineralisation is associated with multiple low – medium grade zones dipping moderate to shallowly towards the southwest (Figure 4).

The mineralogy of the Kilba skarns consists dominantly of grossularite garnet and pyroxene within prograde assemblages, altered to amphiboles, vesuvianite, epidote and clinozoisite within retrograde assemblages. Most high-grade scheelite is associated with the retrograde assemblages.

4

Tungsten Mining NL Quarterly Activities Report September 2014

Figure 3 – Typical cross section from Eastern domain showing moderately steep dipping scheelite mineralisation

==> picture [429 x 294] intentionally omitted <==

TGN plan to complete infill drilling of sections to a 40 metre spacing over a 1.2 kilometre strike length of Zone 11 in the December Quarter. This will involve the drilling of 40 RC holes for approximately 3500 metres.

Figure 4 – Typical cross section from Central domain at Zone 11 showing multiple zones of shallow dipping scheelite mineralisation in an 80 metre wide mineralised horizon

==> picture [426 x 293] intentionally omitted <==

5

Tungsten Mining NL Quarterly Activities Report September 2014

Zone 8

A total of 7 RC holes for 726 metres were drilled at Zone 8 to complete 80 metre spaced sections over 240 metres (Figure 5). Drilling tested where Union Carbide holes intersected high-grade tungsten mineralisation in the 1980s and TGN drilling intersected significant widths of tungsten mineralisation (Figure 6). Better drill intersections are presented in Table 2 and a complete list of intersections greater than 2 metres at 0.10% WO3 are presented in Appendix 1.

Table 2 – Better results from Zone 8 RC drilling

Kilba Project, RC Drilling– (>(0.10 % WO3) Kilba Project, RC Drilling– (>(0.10 % WO3) Kilba Project, RC Drilling– (>(0.10 % WO3) Kilba Project, RC Drilling– (>(0.10 % WO3) Kilba Project, RC Drilling– (>(0.10 % WO3) Kilba Project, RC Drilling– (>(0.10 % WO3) Kilba Project, RC Drilling– (>(0.10 % WO3) Kilba Project, RC Drilling– (>(0.10 % WO3)
Hole No MGA Coordinates Intersections
Easting
(m)
Northing
(m)
Depth
(m)
Dip/
Azim
From
(m)
To
(m)
Interval
(m)
WO3%
KRC0070 351,631 7,480,282 100 -50/140 27 42 15 0.24
Incl. 39 40 1 1.33
KRC0071 351,614 7,480,300 95 -55/140 51 60 9 0.47
Incl. 51 52 1 1.08
KRC0072 351,703 7,480,320 100 -50/140 28 44 16 0.27
Incl. 33 34 1 1.01
KRC0074 351,679 7,480,350 110 -60/140 73 75 2 0.38
1m riffle Split RC samples. Analysis is XRF determination by Ultra Trace Laboratory, Perth. Lower cut-off grade
0.10% WO3, no top cut grade, up to 3.0m of internal waste. Grid coordinates are MGA Zone 50.

Figure 5 – Plan showing collar location of recent drilling at Zone 8 and locations of Section E-F shown below

==> picture [411 x 288] intentionally omitted <==

6

Tungsten Mining NL Quarterly Activities Report September 2014

Figure 6 – Cross section at Zone 8 showing thick high-grade scheelite mineralisation. Note stratigraphy has been overturned at Zone 8

==> picture [452 x 311] intentionally omitted <==

Results from drilling at Zone 8 were extremely encouraging with three holes intersecting substantial thicknesses of shallow moderate to strong tungsten mineralisation. Deeper holes did however intersect progressively more granite stoping out the target zones at depth.

Geological mapping and UV lamping has identified strike extensions to Zone 8 and indicates excellent potential to increase the Zone 8 Mineral Resource. Drilling of strike extensions and infilling of existing holes is planned in the December Quarter.

7

Tungsten Mining NL Quarterly Activities Report September 2014

Zone 12

A total of 9 RC holes for 841 metres were drilled at Zone 12 to complete 80 metre spaced sections over 240 metres of strike (Figure 7). The drilling tested where Union Carbide holes intersected significant tungsten mineralisation in the 1980s and intersected multiple zones of weak to moderate scheelite mineralisation (Figure 8). Better drill intersections are presented in Table 3 and a complete list of intersections greater than 2 metres at 0.10% WO3 are presented in Appendix 1.

Kilba Project, RC Drilling– (>(0.10 % WO3) Kilba Project, RC Drilling– (>(0.10 % WO3) Kilba Project, RC Drilling– (>(0.10 % WO3) Kilba Project, RC Drilling– (>(0.10 % WO3) Kilba Project, RC Drilling– (>(0.10 % WO3) Kilba Project, RC Drilling– (>(0.10 % WO3) Kilba Project, RC Drilling– (>(0.10 % WO3) Kilba Project, RC Drilling– (>(0.10 % WO3)
Hole No MGA Coordinates Intersections
Easting
(m)
Northing
(m)
Depth
(m)
Dip/
Azim
From
(m)
To
(m)
Interval
(m)
WO3%
KRC0077 350,835 7,481,239 80 -60/155 47 51 4 0.12
KRC0082 350,702 7,481,221 96 -60/155 28 30 2 0.18
53 59 6 0.15
83 85 2 0.69
Incl. 83 84 1 1.03
KRC0083 350,642 7,481,161 76 -60/155 50 53 3 0.17
KRC0084 350,625 7,481,198 119 -60/155 45 47 2 0.12
64 68 4 0.16
87 89 2 0.40
1m riffle Split RC samples. Analysis is XRF determination by Ultra Trace Laboratory, Perth. Lower cut-off grade
0.10% WO3, no top cut grade, up to 3.0m of internal waste. Grid coordinates are MGA Zone 50.

Geological mapping and UV lamping has identified extensions to Zone 12 and it is considered encouraging that drilling intersected multiple zones of tungsten mineralisation. The strongest mineralisation was intersected in the western-most sections and mineralisation is open to the west (Figure 8).

Figure 7 – Plan showing collar location of recent drilling at Zone 12 and locations of Section G–H shown below

==> picture [467 x 327] intentionally omitted <==

----- Start of picture text -----

Tungsten Mining NL Quarterly Activities Report September 2014
----- End of picture text -----

8

Figure 8 – Cross section at Zone 12 showing multiple zones of low-grade scheelite mineralisation

==> picture [467 x 320] intentionally omitted <==

Tungsten Mining’s CEO, Mr Craig Ferrier said “this program was designed to give further confidence in the Kilba resource in support of detailed feasibility studies and project development. We are very pleased that the drilling has indicated continuity of the mineralisation at Zone 11, and broader mineralisation at Zone 8. We are also encouraged by the geological mapping and UV lamping program that has identified strike extensions to Zone 8 and the prospect of further targets within the broader Kilba prospect area. The next stage of drilling, in progress now, will complete the infill program and will allow an update of the JORC Mineral Resource to be completed late 2014”.

Since the end of the quarter Tungsten Mining has commenced Phase 2 of the drilling program, which will complete infill drilling to a 40 metre spacing is planned at Zones 8 and 11. The Phase 2 program is designed to increase the confidence level of the Mineral Resource to an Indicated or better status and collect material for metallurgical sampling. A total of 4,250 metres of RC drilling is planned along with 710 metres of HQ and PQ diamond drilling and is expected to be completed by the end of November 2014.

Kilba Feasibility Study

During the quarter work commenced on preparing the scope of work for formal feasibility studies on the Kilba Project, including advancing environmental permitting, mine planning, metallurgical and process design studies. It is proposed that this work will be undertaken concurrent with the updating of the resource model on completion of the current drilling programs during the December 2014 quarter. It is proposed that a pre-feasibility level study (PFS) be undertaken to provide greater definition to metallurgical and process design requirements, in particular, prior to committing to more detailed engineering and project development activities.

Loves Find Project

During the quarter work on Loves Find involved geological mapping, UV lamping and selective rockchip sampling of skarns located 3 kilometres southwest of the Nanutarra Roadhouse. This work identified significant tungsten mineralisation associated with garnet-epidote-clinozoisite-diopsite skarns. Two rockchip samples from these skarns were collected and returned assays of 4.2% WO3 and 5.6 WO3.

Further night UV lamping and surface sampling is required to determine the significance of these tungsten occurrences and this is planned in the December quarter.

9

Tungsten Mining NL Quarterly Activities Report September 2014

Corporate

On 1 August 2014 the Company announced that Mr Craig Ferrier has been appointed interim Chief Executive Officer of the Company to succeed Mr Paul Berndt, whose appointment as Managing Director concluded on 31 July (refer announcement dated 10 June 2014).

Mr Ferrier is the CEO of GWR Group Limited (“GWR”), a 16.5% shareholder in Tungsten Mining. The appointment of Mr Ferrier as Tungsten Mining’s Chief Executive, reflects an emerging strategic relationship that provides for GWR’s management and technical resources to be made available to Tungsten Mining to support the development of its flagship, Kilba project. Mr Ferrier’s remuneration and that of other executives in the technical and corporate services area continue to be met by GWR. The provision of management and technical services has been formalised through a services agreement and costs charged on a commercial arm’s length basis (refer announcement dated 1 August 2014).

Pursuant to the changes in management arrangements, the registered office and principal place of business were changed to those of GWR with effect from 2 September 2014. The new address is 97 Outram Street, West Perth WA.

The Company’s Annual General Meeting will be held on Wednesday, 26 November at 11am at the BGC Conference Centre, Ground Floor, 28 The Esplanade, Perth. All shareholders are welcome to attend.

As at 30 September 2014 the Company’s cash balance was $3.34 million.

Announcements

The following announcements were made in the September quarter:

4 July 2014 s708A Notice & Appendix 3B 7 July 2014 Change of Director's Interest Notice x 2 8 July 2014 Breakaway Complete Research Report 16 July 2014 Appointment of Director 16 July 2014 Initial Director’s Interest Notice 31 July 2014 Quarterly Cash flow Report 31 July 2014 Quarterly Activities Report 1 August 2014 Appointment of Chief Executive Officer 12 August 2014 TGN Commences Drilling at the Kilba Tungsten Project 2 September 2014 Change to Principal Place of Business and Registered Office 17 September 2014 Annual Report to shareholders

10

Tungsten Mining NL Quarterly Activities Report September 2014

Tenement Summary

Interest held at Interest acquired/
Interest Held at
Tenement Name Tenement
30 June 2014
disposed of during
30 Sept 2014
quarter
Whiskey Pool E08/1812 100% N/A 100%
Moodong Well E08/2139 100% N/A 100%
Loves Find E08/2207 100% N/A 100%
Loves Find M08/286 100% N/A 100%
Loves Find M08/287 100% N/A 100%
Kilba Well M08/314 100% N/A 100%
Green Gate Granite M08/493 100% N/A 100%
Green Gate Granite L08/82 100% N/A 100%
Green Gate Granite L08/83 100% N/A 100%
Green Gate Granite L08/84 100% N/A 100%
Mt Murray 2 E08/2448 PENDING GRANTED 100%
Mt Murray 2 E08/2641 N/A APPLICATION PENDING
Koolyanobbing E77/1823 100% N/A 100%
Koolyanobbing E77/1824 100% N/A 100%
Koolyanobbing E77/1852 100% SURRENDER 0%
Koolyanobbing E77/1853 100% N/A 100%
Koolyanobbing E77/1854 100% N/A 100%
Koolyanobbing E77/1855 100% N/A 100%
Koolyanobbing E77/2021 100% N/A 100%
Koolyanobbing E77/2022 100% N/A 100%
Koolyanobbing E77/2035 100% N/A 100%
Callie Soak E20/854 PENDING N/A PENDING

Competent Person’s Statement

The information in this report that relates to Exploration Targets and Exploration Results is based on, and fairly represents, information and supporting documentation prepared by Peter Bleakley, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Bleakley is not a full-time employee of the company. Mr Bleakley is a consultant to the mining industry. Mr Bleakley has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Bleakley consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

For further information contact:

Craig Ferrier Chief Executive Officer Tel: +61 8 9486 8492 Colin Hay PPR Public Relations Tel: +61 8 9388 0944

11

Tungsten Mining NL Quarterly Activities Report September 2014

Appendix 1 – RC Drill Collar Data and Intersections > 2m at 0.10% WO3

Kilba Project, RC Drilling– (>(0.10 % WO3) Kilba Project, RC Drilling– (>(0.10 % WO3) Kilba Project, RC Drilling– (>(0.10 % WO3) Kilba Project, RC Drilling– (>(0.10 % WO3) Kilba Project, RC Drilling– (>(0.10 % WO3) Kilba Project, RC Drilling– (>(0.10 % WO3) Kilba Project, RC Drilling– (>(0.10 % WO3)
Hole No MGA Coordinates Intersections
Easting
(m)
Northing
(m)
Depth
(m)
Dip/
Azim
From
(m)
To
(m)
Interval
(m)
WO3%
Zone 11 Prospect
KRC0043 350,408 7,479,906 65 -60/020 23 36 13 0.33
46 48 2 0.23
KRC0044 350,394 7,479,871 84 -60/020 64 67 3 0.32
72 78 6 0.24
KRC0045 350,369 7,479,919 60 -60/020 19 21 2 0.37
KRC0046 350,355 7,479,881 90 -60/020 53 67 14 0.82
Incl. 55 57 2 1.36
Incl. 64 67 3 2.00
KRC0047 350,342 7,479,843 120 -60/020 88 93 5 0.47
102 104 2 0.43
KRC0048 350,457 7,479,928 44 -60/020 1 6 5 0.51
Incl. 3 4 1 1.90
25 27 2 0.20
KRC0049 350,444 7,479,890 70 -60/020 No Significant Intersection
KRC0050 350,430 7,479,853 102 -60/020 69 72 3 0.96
78 93 15 0.76
Incl. 85 91 6 1.45
KRC0051 350,499 7,479,913 48 -60/020 No Significant Intersection
KRC0052 350,481 7,479,877 72 -60/020 45 47 2 0.49
52 55 3 0.16
KRC0053 350,461 7,479,820 138 -50/020 111 114 3 0.59
KRC0054 350,520 7,479,900 54 -60/000 No Significant Intersection
KRC0055 350,520 7,479,860 95 -60/000 No Significant Intersection
KRC0056 350,560 7,479,864 100 -60/000 No Significant Intersection
KRC0057 350,333 7,479,930 66 -60/020 22
27
5
0.39
Incl. 25
26
1
1.05
KRC0058 350,294 7,479,946 54 -60/020 13
17
4
0.21
KRC0059 350,280 7,479,908 84 -60/020 No Significant Intersection
KRC0060 350,267 7,479,871 115 -60/020 83
91
8
0.35
Incl. 87
88
1
1.23
95
98
3
0.25
KRC0061 350,157 7,480,038 36 -60/020 No Significant Intersection
KRC0062 350,144 7,480,001 54 -60/020 5
11
6
0.18
30 34 4 0.11
KRC0063 350,130 7,479,963 75 -60/020 56 58 2 0.17
KRC0064 350,116 7,479,925 104 -60/020 No Significant Intersection

12

Tungsten Mining NL Quarterly Activities Report September 2014

Kilba Project, RC Drilling– (>(0.10 % WO3) Kilba Project, RC Drilling– (>(0.10 % WO3) Kilba Project, RC Drilling– (>(0.10 % WO3) Kilba Project, RC Drilling– (>(0.10 % WO3) Kilba Project, RC Drilling– (>(0.10 % WO3) Kilba Project, RC Drilling– (>(0.10 % WO3) Kilba Project, RC Drilling– (>(0.10 % WO3)
Hole No MGA Coordinates Intersections
Easting
(m)
Northing
(m)
Depth
(m)
Dip/
Azim
From
(m)
To
(m)
Interval
(m)
WO3%
KRC0065 350,086 7,480,078 44 -60/035 19 21 2 0.23
KRC0066 350,058 7,480,107 30 -60/035 16 21 5 0.26
KRC0067 350,035 7,480,074 66 -60/035 17 19 2 0.14
32 36 4 0.21
44 54 10 0.30
Incl. 48 49 1 1.24
KRC0068 350,017 7,480,050 84 -60/035 No Significant Intersection
KRC0069 349,994 7,480,018 104 -60/035 51 54 3 0.17
87 91 4 0.15
KRC0085 349,998 7,480,160 36 -60/035 No Significant Intersection
KRC0086 349,975 7,480,128 54 -60/035 35 37 2 0.18
KRC0087 349,951 7,480,096 66 -60/035 No Significant Intersection
KRC0088 349,928 7,480,063 120 -60/035 43 48 5 0.45
92 97 5 0.33
KRC0089 350,219 7,479,973 45 -60/020 5 7 2 0.42
22 24 2 0.19
31 33 2 0.46
KRC0090 350,205 7,479,936 75 -60/020 42 45 3 0.14
50 54 4 0.26
KRC0091 350,191 7,479,898 105 -60/020 81 83 2 0.34
KRC0092 350,124 7,480,066 30 -60/020 6 8 2 0.52
KRC0093 350,110 7,480,028 52 -60/020 5 8 3 0.20
35 38 3 0.20
KRC0095 349,951 7,480,096 96 -60/035 20 22 2 0.22
68 76 8 0.20
Zone 8 Prospect
KRC0070 351,631 7,480,282 100 -50/140 27 42 15 0.24
Incl. 39 40 1 1.33
47 49 2 0.16
KRC0071 351,614 7,480,300 95 -55/140 51 60 9 0.47
Incl. 51 52 1 1.08
73 75 2 0.24
KRC0072 351,703 7,480,320 100 -50/140 28 44 16 0.27
Incl. 33 34 1 1.01
KRC0073 351,625 7,480,289 126 -90/000 No Significant Intersection
KRC0074 351,679 7,480,350 110 -60/140 73 75 2 0.38
KRC0075 351,558 7,480,223 100 -60/140 44 49 5 0.10
KRC0076 351,548 7,480,244 95

13

Tungsten Mining NL Quarterly Activities Report September 2014

Zone 12 Prospect
KRC0077 350,835 7,481,239 80 -60/155 47 51 4 0.12
KRC0078 350,818 7,481,275 126 No Significant Intersection
KRC0079 350,797 7,481,207 80 No Significant Intersection
KRC0080 350,780 7,481,244 90 No Significant Intersection
KRC0081 350,719 7,481,185 66 No Significant Intersection
KRC0082 350,702 7,481,221 96 -60/155 28 30 2 0.18
53 59 6 0.15
83 85 2 0.69
Incl. 83 84 1 1.03
KRC0083 350,642 7,481,161 76 -60/155 50 53 3 0.17
KRC0084 350,625 7,481,198 119 -60/155 45 47 2 0.12
64 68 4 0.16
87 89 2 0.40
KRC0094 350,625 7,481,198 108 -80/155 No Significant Intersection
1m riffle Split RC samples. Analysis is XRF determination by Ultra Trace Laboratory, Perth. Lower cut-off grade
0.10% WO3, no top cut grade, up to 3.0m of internal waste. Grid coordinates are MGA Zone 50.

14

Tungsten Mining NL Quarterly Activities Report September 2014