Project UpdateJul 1, 2026, 07:41 AM
Almonty Commences Sangdong Mine Processing; $68M Stockpile Value
AI Summary
Almonty Industries announced the commencement of processing plant throughput operations at its Sangdong Mine in South Korea. This marks a pivotal milestone, transitioning the mine from development into active, revenue-generating operations. The initial plant feed is drawn from an approximate 139,700-tonne run-of-mine ore stockpile with a blended grade of approximately 0.25% WO₃, representing an illustrative gross in-process value of about US$68 million.
Key Highlights
- Commenced processing plant throughput operations at Sangdong Mine.
- Initial plant feed from an approximate 139,700-tonne run-of-mine ore stockpile.
- Stockpiled ore has a blended grade of approximately 0.25% WO₃.
- Q1 2026 stockpile was 120,000 tonnes at 0.24% WO₃.
- Q2 2026 added 19,700 tonnes at 0.35% WO₃ and 214.6 meters of underground development.
- Current stockpile represents ~2.6 months of Phase I throughput feed.
- Illustrative gross in-process value of current stockpile is approximately US$68 million.
Price Impact
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