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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 appoints Tony Caruso as Non-Executive Director

Group 6 appoints Tony Caruso as Non-Executive Director

Group 6 Metals (ASX:G6M) has appointed mining professional Tony Caruso as the company’s Non-Executive Director effective immediately. His appointment, coupled with the recent addition of Tony Davis as Executive General Manager of Operations, enriches the company's...

Group 6 appoints well-versed Executive General Manager

Group 6 appoints well-versed Executive General Manager

Coming off the back of high-grade assays retrieved from the Dolphin Tungsten Mine on King Island in Tasmania, Group 6 Metals (ASX:G6M) expects the operational excellence of its newly appointed Executive General Manager, Tony Davis, will further bolster the Project's...

G6Ms Dolphin Ore body proves it has world-class potential

G6Ms Dolphin Ore body proves it has world-class potential

Resource exploration, development and production company Group 6 Limited (ASX: G6M) proven the world-class potential of it’s Dolphin Ore Body located on King Island, Tasmania, which has ore body exceeded expectations and is delivering an average mining grade of 0.63...

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...