Almonty Industries Inc. provided an update on the progress of its Sangdong Tungsten Mine. In May 2023, the arrival of essential equipment for the Almonty Korea Tungsten Project marked a major milestone for Almonty. Delivery of all long lead time equipment from Metso Outotec in Europe to South Korea is complete.

The Pebble Crusher and Primary Jaw Crusher, essential components for the project, have successfully made their way to Sangdong. Moreover, all Ball Mill and Sag Mill related equipment has now arrived to site. The Filter Press, manufactured by Metso Outotec, has arrived in Sangdong.

Other Key Equipment items from Metso:Outotec, including Ultra Fine Screens, Apron Feeders and Flotation Tanks are nearing completion of manufacturing and will shortly be transported to Sangdong. They estimate that 75% of the equipment was loaded for transport to Sangdong in May 2023. Complimentary equipment (hydro-cyclones and courier sampling equipment) from Metso:Outotec are still in the manufacturing stage and are approximately >60% complete.

With installation being the only remaining task, the completion of manufacturing of the equipment signifies a significant step forward for the project.