Mt Carbine
The mine is just 130km by sealed highway from the port of Cairns, and a 45 minute drive from Port Douglas. The north face of the open pit is visible from the highway into Mt Carbine.
Infrastructure in place
Mt Carbine has mains power and water, there is a small town adjacent to the minesite, and a ready pool of employees in the surrounding area.
Sheeted Quartz Vein
Mt Carbine tungsten deposit consists of a number of approximately vertical, sub-parallel quartz veins that host wolframite and scheelite mineralisation.
Wolframite and Scheelite
The ratio of wolframite to scheelite at Mt Carbine is thought to be around 80:20%. Mt Carbine is unusual in that both tungsten minerals occur together.
A Three-Step Production Plan
1. Tailings retreatment (for two years), to be followed by 2. processing of the existing stockpiles, leading to 3. hard rock mining for more than 10 years.
Ore Sorting
Ore sorting greatly reduces the amount of ore that has to be processed, reducing the size of the required processing plant, capital and operating costs.
The X-ray Ore Sorter
An X-Ray sorter was fed a 2000 tonne sub-sample of the main stockpile. Grade/recovery curves indicate an eight times upgrade of the feed is possible.
There are Two Significant Stockpiles
The main stockpile from previous mining operation contains approximately 12Mt at a grade of 0.075% WO₃and the reject stockpile from the ore sorter has more than 4Mt.
Tailings Retreatment
A fines gravity recovery circuit using a Kelsey Jig will recover ~5000 mtu WO₃ per month from the tailings.

Share Price (ASX:CNQ)

Tungsten Price

ASX Announcements

2012 Announcements

24-May-2012 Mitsubishi Sales Contract Signed (189 KB)

08-May-2012 Market and Product Quality Update (52 KB)

01-May-2012 Gossan Hill Gold Limited - IPO (286 KB)

30-Apr-2012 Appendix 5B - Quarterly Report (241 KB)

30-Apr-2012 Quarterly Activites Report (1050 KB)

16-Apr-2012 Mount Carbine Project Update (183 KB)

11-Apr-2012 Exploration and Hard Rock Mining Update (325 KB)

10-Apr-2012 Gossan Hill Gold Limited IPO (1352 KB)

05-Apr-2012 Issue of Shares Under Placement (479 KB)

02-Apr-2012 New Managing Director and Progress Report (149 KB)

30-Mar-2012 Opening of Tailings Re-Treatment Plant (539 KB)

23-Mar-2012 Appendix 3Y Change of Director's Interest (360 KB)

21-Mar-2012 Rights Issue Allotment (538 KB)

19-Mar-2012 Placement Following Rights Issue Shortfall (76 KB)

16-Mar-2012 One-for-Five Non-Renounceable Rights Issue (85 KB)

14-Mar-2012 Half-Year Financial Report (31.12.11) (1842 KB)

12-Mar-2012 Activities Update 12.3.12 (58 KB)

05-Mar-2012 Carbine Tungsten Update Presentation (1988 KB)

27-Feb-2012 Offer Document Non-renounceable Rights Issue (31 KB)

27-Feb-2012 Activities Update (530 KB)

14-Feb-2012 Offer Doc for Pro-rata Non-renounceable Rights (573 KB)

14-Feb-2012 Rights Issue Cleansing Notice (76 KB)

13-Feb-2012 Non-renounceable Rights Issue (319 KB)

31-Jan-2012 Quarterly - Appendix 5 B (238 KB)

31-Jan-2012 Quarterly Activities Report (587 KB)

24-Jan-2012 Appendix 3X Initial Director's Interest (243 KB)

24-Jan-2012 Letter of Intent for Off-take Agreement (204 KB)

24-Jan-2012 Management Changes (60 KB)

14-Feb-2012 Letter Re Non-renounceable Rights Issue (185 KB)

Archive

2011 ASX Announcements

2010 ASX Announcements

2009 ASX Announcements

2008 ASX Announcements

2007 ASX Announcements

2006 ASX Announcements

Contact Info

Carbine Tungsten Limited
(Formerly Icon Resources Limited)
ASX: CNQ
Email: info@carbinetungsten.com.au
Website: www.carbinetungsten.com.au
Phone: +61 (0)7 4052 2400

50 Scott Street Bungalow Cairns QLD 4870
PO Box 1040 Bungalow QLD 4870

Projects

Subscribe

Subscribe to email updates.

Full Name

Email Address

Enter Word Verification in box below