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Group 6 Metals (ASX: G6M) is an Australian mining company that has successfully redeveloped the historic Dolphin Tungsten Mine on King Island, Tasmania, which had been inactive since 1992. The company has initiated production at this mine, leveraging a new processing plant to produce high-quality tungsten.

The Dolphin Tungsten Mine, operational between 1917 and 1992, was closed due to low tungsten prices. However, it still contains about 50% of the known mineral resource and is now recognised as hosting the highest-grade tungsten deposit of significant size in the western world. Group 6 Metals achieved commercial production of tungsten in July 2023, with the first concentrate produced and the first export sales expected in early Q3 2023.

The mine has a projected life of 13 years, with substantial potential for expansion at the nearby Bold Head and additional exploration leases. Tungsten, a strategic critical mineral, offers strong fundamentals for sustained growth. The company's revised feasibility study in December 2020 showed robust project economics, with an NPV of A$241 million, capital expenditure of A$73 million, and cash operating costs of A$126/mtu WO3.

Group 6 Metals

Group 6 Metals Receives $14.3M R&D Grant

Group 6 Metals Receives $14.3M R&D Grant

Group 6 Metals (ASX:G6M) has announced it has finally received the $14.3 million Research and Development (R&D) cash refund, following its Tax Incentive Application at the end of the 2023 financial year. The Company intends to utilise the funds to advance its...

Group 6 Metals To Receive $14.1M Cash Injection From ATO

Group 6 Metals To Receive $14.1M Cash Injection From ATO

Group 6 Metals' (ASX:G6M) inches closer to receiving a $14.1 million R&D Tax Incentive refund from the ATO as the Company ramps up Tungsten output from its Dolphin Tungsten Mine, located on King Island in Tasmania, Australia. R&D Refund The Company applied for...

Group 6 Metals Receives Funding Boost for Dolphin Ramp Up

Group 6 Metals Receives Funding Boost for Dolphin Ramp Up

Group 6 Metals' (ASX:G6M) has received binding commitments from four of its major shareholders to provide a bridge finance facility totalling $8 million to aid in its production ramp up at the Dolphin Tungsten Mine, located on King Island, Tasmania. The Bridge Finance...

Group 6 Metals Advance Dolphin Tungsten Mine

Group 6 Metals Advance Dolphin Tungsten Mine

Group 6 Metals Limited (ASX:G6M) have continued to make headway at its wholly owned Dolphin Tungsten Mine located on King Island in Tasmania, with reports of increased plant efficiency and performance optimisation activities progressing well. Production Ramp Up The...

Group 6 Metals Ramp Up Production at Dolphin Tungsten Mine

Group 6 Metals Ramp Up Production at Dolphin Tungsten Mine

Group 6 Metals Limited (ASX: G6M) continues to grow its operations at its Dolphin Tungsten Mine (DTM), located on King Island, Tasmania, ramping up production as it prepares to deliver its second shipment of high-grade Tungsten concentrate. Second Delivery of...

Group 6 Metals Dispatch First Tungsten Shipment

Group 6 Metals Dispatch First Tungsten Shipment

Group 6 Metals have hit another major milestone at its flagship Dolphin Tungsten Mine in Tasmania, with the Company having now made its first shipment of approximately thirteen tonnes of tungsten concentrate from the historic mine. First Shipment Loaded at the Port of...

Group 6 Metals Raises $3.7M in Successful Share Purchase Plan

Group 6 Metals Raises $3.7M in Successful Share Purchase Plan

Group 6 Metals Limited (ASX: G6M) has successfully raised $3.7 million through its Share Purchase Plan (SPP), with funds to be put towards bolstering operations at the Dolphin Tungsten Mine. Strong Investor Support The SPP offer, which was announced on May 8, 2023,...

Commercial Production of Tungsten Concentrate Achieved at Dolphin

Commercial Production of Tungsten Concentrate Achieved at Dolphin

In a significant milestone for the Company, Group 6 Metals Limited (ASX: G6M) have kicked off commercial production at its Dolphin Tungsten Mine in Tasmania, producing approximately ten tonnes of saleable tungsten concentrate. Figure 1: Stockpile inventories of...