Tungsten West PLC announce that the Environment Agency has granted the Company a permit to operate its Mineral Processing Facility, within the limits previously agreed between the Company and the Environment Agency. This is the last of the key permits required to further progress the Project. The Company continues to make substantial progress on its updated Feasibility Study which is expected to be completed in second half of 2024.

The main focus of the FS, which builds upon work undertaken in the two previous studies carried out by the Company, is on optimising the capital expenditure required to restart operations and the resultant operating costs. Mining Plus UK Ltd. has been appointed to complete the updated FS. The Company intends to concentrate its efforts on maximising tungsten and tin recovery through the Mineral Processing Facility with the intention of targeting 3.5 million tonnes per annum throughput, following a ramp-up period.

Mining operations will be fully-outsourced to Hargreaves (UK) Services under the terms of the existing Mining Services Contract. The issuing of the permit represents a significant step in progressing Hemerdon and, alongside the anticipated completion of the FS, is the gateway for securing further financing for the Project, enabling the Company to complete the capital raising required to bring the Project into production. The Company is targeting recommencing mining and processing operations in 2026.