Almonty Industries Inc. (TSXV:AII) filed its unaudited consolidated interim financial statements and management discussion & analysis for the three months ended December 31, 2013. A revenue of $5,463, gross profit of $2,967 representing a gross profit margin of 54.3% was reported, as well as net income of $1,042 for the three month period ended December 31, 2013.
Tungsten Company News Directory
Wolf Minerals Limited (ASX:WLF) has been awarded the prestigious European Mining and Metals 2013 Deal of the Year for its funding package for the Hemerdon Tungsten and Tin Project.
Wolf Minerals (ASX:WLF) reported results and activities from the second half of 2013, with the period ending December 31st, 2013. Highlights include the Class A Mining Environmental Waste Permit granted for the Hemerdon Project, completion of property acquisitions, and changes to the Board of Directors.
Woulfe Mining Corp. (TSXV:WOF, FWB:OZ4) has received conditional approval to list its common shares on the Canadian Stock Exchange ("CSE").
Avrupa Minerals Ltd. (TSXV:AVU,FWB:8AM) reported results from the Covas Tungsten JV with Blackheath Resources in Portugal. The Phase 2 drilling program extended Castelo to the southeast and southwest into previously-unexplored area; highlights include 3.05 meters @ 1.26% WO3, incl. 1.05 meters @ 2.07% at Muito Seco, and 3.25 meters @ 0.19% WO3, incl. 1.25 meters @ 0.38% at Telheira.
Blackheath Resources Inc. (TSXV:BHR,FWB:04B) announced results from its Phase 2 drilling program at the Covas Tungsten Project in Portugal. Highlights include 3.05 metres of 1.26% WO3, including 1.05 metres of 2.07% WO3 starting at a depth of 12.75 metres at Muito Seco and 3.25 metres of 0.19% WO3, including 1.25 metres of 0.38% WO3 starting at a depth of 82.55 metres at Telheira.
Almonty Industries Inc. (TSXV:AII) is set to release its fiscal 2014 first quarter financial results on February 26, 2014 at 7pm ET, together with a conference call on February 27, 2014, at 8:30am ET.
Wolf Minerals Limited (ASX:WLF) authorized the EPC contractor, GR Engineering Services Limited (ASX:GNG) to commence construction at its Hemerdon project in England.
Almonty Industries Inc. (TSXV:AII) entered into two unsecure debt facilities with Banca de Empresas, a subsidiary of Banco Santander Group, for $3.8 million. The Company also announced that it has decided not to proceed with an offer for Ormonde Mining plc.
Almonty Industries Inc. (TSXV:AII) announced the restatement of its tungsten recovery rate for the year ended September 30, 2013 and for the three month interim periods ended June 30, 2013 and March 31, 2013. A faulty calibration of the Company's on-site lab in March 2013 affected the Company’s assay work carried out on the feed grade to the plant, as well as the tailings grade exiting the plant. This error led to a miscalculation of the Company’s tungsten recovery rate for the period, but no other assay results were affected. Almonty Industries has rectified the problem and has recalibrated its internal laboratory.