EXPLORATION & DEVELOPMENT

Big capex reduction at Vital's tungsten project

VITAL Metals claims to have cut the capital cost of the Watershed tungsten project in Queensland by nearly 40% following a review completed by Corporate Mining Resources of Sedgman's 2014 definitive feasibility study.

Michael Quinn
 The Watershed tungsten project area, north-west of Cairns in far north Queensland

The Watershed tungsten project area, north-west of Cairns in far north Queensland

Watershed is now seen as costing A$106 million compared to the previous estimate of $172 million. "CMR's cost estimate considered proposed modifications to the plant design, layout, site access, power,...

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