EMED Mining commerces evaluation of Regua tungsten deposit

EMED Mining has started the evaluation of the Regua tungsten deposit in Portugal.
EMED said preliminary meetings with regulatory authorities had identified the matters which needed to be evaluated and prioritised in order to assess the potential to develop Regua.
And it said agreement had been reached with a local landholder which provided the company with access to the deposit for exploration and potential trial-mining in due course.
It said recent site visits by senior EMED Mining development planners had laid the groundwork for evaluating the deposit over the coming year.
MD Harry Anagnostaras-Adams said: "Tungsten has been classified as a critical raw material by the European Commission, the outlook for the tungsten price remains very strong and Regua complements the copper and gold projects in our development pipeline.
"Whilst the Rio Tinto Mine is clearly our 'number 1 priority', this opportunity within the Iberian Peninsula is worth evaluating further as EMED Mining intends to develop into a metal producer with several operational mines.
"Rio Tinto is already our operational headquarters for all projects and the team will be expanded so that this evaluation will not take personnel away from our other priorities.
Subject to consultation with regulatory authorities, the next stages at Regua include a development scoping study and exploration drilling targeting resource confirmation and potential extensions."