TopTung no longer tops

TOPTUNG Resources is formulating a new strategy after resource drilling at its Torrington project in New South Wales severely reduced known tungsten resources, realising fears the company had voiced several months ago.

TopTung no longer tops TopTung no longer tops TopTung no longer tops TopTung no longer tops TopTung no longer tops
This week the company received the final resource estimates from H&S Consultants for the Wild Kate and Mt Everard projects following a comprehensive program that replaced historical drilling.
 
Wild Kate has been tamed and is now one third smaller and has half the tungsten grade noted in 2015, slashing the contained tungsten from 2875 tonnes to just 301t.
 
Mount Everard fared even worse, and is now more a molehill than a mountain with a 90% reduction in size, reducing contained tungsten metal from 367t to 26.5t. In a rare blip of good news the grade increased 4%.
 
Wild Kate's mineralisation is less evenly distributed than had been believed, so TopTung said if there is a future for tungsten ...