Almonty Industries Inc. (TSXV:AII) intends to commence with a Normal Course Issuer Bid. The Bid is expected to commence on December 20, 2013 and will terminate on December 19, 2014 or earlier.
The Company will also release its fourth quarter and year-end financial results on December 19, 2013 and a teleconference to review the results will be held at 8:30 am EST on Friday, December 20, 2013, held by Lewis Black and Dennis Logan.
Wolf Minerals Limited (ASX:WLF) finalized the property acquisitions for its Hemerdon Project in England, which represents a key milestone in the development timeline for the project.
Wolf Minerals Limited (ASX:WLF) released a quarterly activities report and provided an update on its Hemerdon tungsten and tin project in the United Kingdom, for the three month period ending on September 30th, 2013. Highlights include a £85 million Mining Services Contract awarded for the project and the appointment of Russell Clark as the new Managing Director, subsequent to quarter end.
Tungsten Mining NL (ASX:TGN) completed analyzing data from metallurgical testwork carried out on its Kilba project as part of the recently announced Scoping Study. Metallurgical testwork indicates Kilba ore amendable to Dense Medium Scalping, which is a proven process applied in producing tungsten mines internationally.
Wolf Minerals Limited (ASX:WLF) appointed Russell Clark as the Company’s new Managing Director, effective October 16, 2013.
Blackheath Resources Inc. (TSXV:BHR,FWB:04B) commenced its Phase 2 drill program at the Covas Tungsten Project in Portugal. Phase 2 drilling is designed to expand the known zones of tungsten mineralization on the property and will include between 1,500 metres and 2,000 metres of drilling.
Wolf Minerals Limited (ASX:WLF) appointed Ronald (Ronnie) Beevor as an independent Non–Executive Director, effective immediately.
Blackheath Resources Inc. (TSXV:BHR,FWB:04B) completed a preliminary trenching program at its Borralha Tungsten Project in Portugal. The program confirmed significant amounts of tungsten at surface in the Santa Helena Breccia, both in areas that were previously mined and also in new discovery zones. Highlights include 20 metres with a grade of 0.33 % WO3 (tungsten trioxide), including 5 metres of 1.09% WO3.
Almonty Industries Inc. (TSXV:AII) filed its unaudited consolidated interim financial statements and management discussion & analysis (MD&A) for the three and nine month periods ended June 30, 2013. The Company reported revenue of $3,574, gross profit of $1,395 representing a gross profit margin of 39.0% for the three month period ended June 30, 2013 and also mined 113,160 tonnes of ore at a weighted average grade of 0.37% WO3.
North American Tungsten Corporation Ltd. (TSXV:NTC) reported its third quarter results, for the three months ended June 30, 2013. The Company announced a net loss of $6.3 million ($0.03 per share).
The Company continues to benefit from the 2012 capital program enhancements. As compared to Q3 2012, tonnes of ore processed, ore grade and metallurgical recoveries all improved. A mill process improvement project commenced in Q3 2013. Construction of a raise on tailings pond 5 commenced at the beginning of Q3 2013 and was completed in July 2013.