Project UpdateMay 6, 2026, 07:17 AM
Guardian Metal Reports Strong Progress on Pilot Mountain PFS
AI Summary
Guardian Metal Resources PLC provided a positive progress update on its 100%-owned Pilot Mountain tungsten project's Pre-Feasibility Study (PFS) in Nevada, USA. The PFS, supported by a $6.2 million U.S. Department of War investment, is advancing well across all key workstreams. The company expects to move into mine permitting and commence Definitive Feasibility Study work after PFS completion, aiming to establish the first new hard-rock tungsten mine in the U.S. in over a decade. Exploration efforts also show encouraging visual results at several target zones.
Key Highlights
- Pilot Mountain Pre-Feasibility Study (PFS) is progressing as planned across all key workstreams.
- The PFS is supported by a $6.2 million U.S. Department of War investment.
- Mine Plan of Operations is being drafted and targeted for submission in August 2026.
- Resource evaluation drilling for Desert Scheelite and Garnet Zones has been completed.
- Preliminary metallurgy test work suggests a conventional flotation circuit for scheelite concentrate.
- Exploration drilling at Good Hope Zone returned encouraging visual scheelite mineralization.
- Drilling at the Gunmetal Zone is expected to begin before the end of June 2026.
- Visual scheelite mineralization was intersected 300m east of the expected Desert Scheelite open-pit limit.