PFS confirms Tungsten Mining's Mt Mulgine as potentially world's lowest cost operation
Original announcement by miningweekly on
- Company
- Tungsten Mining
- Ticker
- Unavailable
- Exchange
- Unavailable
- Region
- Western Australia
- Primary commodity
- Tungsten
- Secondary commodities
- None reported
- Document categories
- Resource update
- Extracted
- 2026-09-01 14:48:57 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Tungsten Mining's Mt Mulgine project in Western Australia has completed a Pre-feasibility Study (PFS) confirming its potential as a low-cost tungsten operation. The study reports a base case NPV of A$6.8-billion and an IRR of 55%, with a projected mine life of 21 years.
Reasoning: The Pre-feasibility Study (PFS) confirms highly robust economics for the Mt Mulgine project, including a high IRR and very low operating costs in a supply-constrained market.
Positive factors
- Strong NPV and IRR metrics
- Low C1 and AISC cash costs
- Favorable market structural deficit
- Long mine life
Facts used in scoring: 2
Classification and evidence
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document reports results from a Pre-feasibility Study (PFS) for the Mt Mulgine project.
Evidence · text
“A prefeasibility study (PFS) for ASX-listed Tungsten Mining's Mt Mulgine project”
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Resource Estimates (2)
indicatedtungstenContained Metal: 12000Contained Unit: t/yView all detailsHide details
Identity
- Commodity
- tungsten
Resource Data
- Category
- indicated
- Contained Metal
- 12000
- Contained Unit
- t/y
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-01T00:00:00.000Z
Reasoning: PFS confirms highly competitive cost profile and significant production scale.
Positive factors
- Low C1 cash cost
- Low AISC
- Long mine life
Evidence · text
“producing up to 12 000 t/y of tungsten trioxide at the world's lowest C1 cash cost of $53/t and all-in sustaining cost of $127/t.”
indicatedtungstenTonnes: 8000000View all detailsHide details
Identity
- Commodity
- tungsten
Resource Data
- Category
- indicated
- Tonnes
- 8000000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-01T00:00:00.000Z
Reasoning: Base case scenario shows strong economic fundamentals.
Positive factors
- Strong NPV
- High IRR
Evidence · text
“At a base case eight-million-tonne-a-year scenario, Mt Mulgine has a net present value (NPV) of A$6.8-billion (before tax) and internal rate of return (IRR) of 55%”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.