Tungsten West plc is a mining development company focused on the restarting the World Class Hemerdon Tungsten-Tin Deposit located in South Devon, UK. The company is the 100% owner of the previously producing Hemerdon Mine, which is currently the 2nd largest resource in the world.
With the demand for strategic metals, including tungsten and tin, increasing rapidly due to their critical use in new technology. Tungsten West is focussed on meeting this demand by restarting production at Hemerdon.
THE HEMERDON MINE:
The 2nd Largest Tungsten Resource Globally
WHAT WE DO
Preconstruction Mine Planning
The Hemerdon Feasability Study highlights strong economics, a re-optimised processing strategy & strong ESG credentials.
With a 27 year life of mine, Hemerdon is expected to have an average annual production of 2,900t of #tungsten and 310t of #tin with a ramp up phase in years 1 and 2, this would position #TUN as the largest tungsten producer in the Western World.
The strong Project economics show a base case IRR of 25% & an NPV of £297m with an upside case IRR of 32% & an NPV of £415m.
Having successfully proven the new processing route, the Hemerdon Mine will once again be the World Class Asset it deserves to be.
Monitoring – Committed to meeting and exceeding all licensing requirements via robust environmental monitoring and compliance.
Sustainability – Integrating aggregates production into a sustainability turning waste stock into saleable construction materials.
Restoration – Fully cash funded commitment to site restoration is in place with a £13.2m Restoration Bond.
Zero Emissions – Long-term ambition to be emission free at Hemerdon Investing in converting to HVO.
News & Updates
Tungsten West was incorporated in 2019 as a special purpose vehicle to purchase the Hemerdon Project out of receivership.
Located in South Devon, UK, the Hemerdon Mine was operational between 2015 and 2018, at which point the project went into receivership.
The Project is one of the largest tungsten deposits globally.
Tungsten plays a crucial role in numerous industries, with its various forms serving specific purposes:
It’s unique properties of being the hardest metal with the highest melting point mean it's used in many different sectors such as automotive, technology, energy and manufacturing.
On the supply side, tungsten is one of three metals classified as a conflict mineral
as it is mined by forced labour in certain parts of the globe.
There is a significant risk that the EU and the US will not have sufficient access to tungsten concentrates in the near future, which is why its classified as a critical mineral.
BRINGING MINING BACK TO BRITAIN
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Tungsten West is incorporated in England, registration number 11310159.
Registered office address: Cantelowes Ltd,
Shakespeare Martineau Llp 6th Floor, 60 Gracechurch Street, London, United Kingdom, EC3V 0HR
Site address: Hemerdon Mine, Drakelands, Plympton, Devon PL7 5BS*
*Sat Nav users please use postcode PL7 5BW