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Flagship Minerals Targets 22–40 Million Tonnes Tungsten in Thailand

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Story summary
  • Flagship Minerals announced a 22-to-40 million-tonne JORC tungsten target at Khao Soon in Thailand.
  • The target is graded between 0.15 % and 0.3 % tungsten.
  • Recent drilling intersected 51.2 m at 0.50 % tungsten and 34 m at 0.63 % from surface.
  • Tungsten prices rose from US$300 to US$3,800 per tonne in 18 months after Chinese export limits.
  • Flagship is weighing a sale to fund its Isidora gold project in Chile and Whipsaw copper project in Canada.