The move follows positive results from recent technical study work at the project, which is located in the Kamativi Tin belt.
Underground mine development is anticipated to commence once openpit production starts in late 2014.
Earlier preliminary economic assessment (PEA) and concept mining report has revealed the economic viability of the site supporting a low-capital 192,000 tonnes of tungsten-bearing ore operation per year with a six-year mine life.
The study, which was followed by technical study, included further optimization work that had been undertaken by mining consultant Royal Haskoning and a Whittle computer design optimization on the proposed openpit at the site.
The company is negotiating with the project’s potential funders and possible offtake partners as one route to fast-track RHA towards production.
