Lithium
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0.3%
Gold
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Copper
4.11
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Bitcoin
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Dow Jones
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Iron Ore
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USD/AUD
0.65
0.04%
Hang Seng
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(0.23%)
Lithium
45.44
0.3%
Gold
2,671.10
0.66%
Copper
4.11
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Oil
70.04
1.45%
Bitcoin
97,047.53
2.86%
FTSE 100
8,147.37
0.77%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,802.03
0.6%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.04%
Hang Seng
19,601.11
(0.23%)
Lithium
45.44
0.3%
Gold
2,671.10
0.66%
Copper
4.11
(0.99%)
Oil
70.04
1.45%
Bitcoin
97,047.53
2.86%
FTSE 100
8,147.37
0.77%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,802.03
0.6%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.04%
Hang Seng
19,601.11
(0.23%)
Lithium
45.44
0.3%
Gold
2,671.10
0.66%
Copper
4.11
(0.99%)
Oil
70.04
1.45%
Bitcoin
97,047.53
2.86%
FTSE 100
8,147.37
0.77%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,802.03
0.6%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.04%
Hang Seng
19,601.11
(0.23%)
Lithium
45.44
0.3%
Gold
2,671.10
0.66%
Copper
4.11
(0.99%)
Oil
70.04
1.45%
Bitcoin
97,047.53
2.86%
FTSE 100
8,147.37
0.77%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,802.03
0.6%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.04%
Hang Seng
19,601.11
(0.23%)
Lithium
45.44
0.3%
Gold
2,671.10
0.66%
Copper
4.11
(0.99%)
Oil
70.04
1.45%
Bitcoin
97,047.53
2.86%
FTSE 100
8,147.37
0.77%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,802.03
0.6%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.04%
Hang Seng
19,601.11
(0.23%)
Lithium
45.44
0.3%
Gold
2,671.10
0.66%
Copper
4.11
(0.99%)
Oil
70.04
1.45%
Bitcoin
97,047.53
2.86%
FTSE 100
8,147.37
0.77%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,802.03
0.6%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.04%
Hang Seng
19,601.11
(0.23%)
Lithium
45.44
0.3%
Gold
2,671.10
0.66%
Copper
4.11
(0.99%)
Oil
70.04
1.45%
Bitcoin
97,047.53
2.86%
FTSE 100
8,147.37
0.77%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,802.03
0.6%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.04%
Hang Seng
19,601.11
(0.23%)
Lithium
45.44
0.3%
Gold
2,671.10
0.66%
Copper
4.11
(0.99%)
Oil
70.04
1.45%
Bitcoin
97,047.53
2.86%
FTSE 100
8,147.37
0.77%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,802.03
0.6%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.04%
Hang Seng
19,601.11
(0.23%)
Lithium
45.44
0.3%
Gold
2,671.10
0.66%
Copper
4.11
(0.99%)
Oil
70.04
1.45%
Bitcoin
97,047.53
2.86%
FTSE 100
8,147.37
0.77%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,802.03
0.6%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.04%
Hang Seng
19,601.11
(0.23%)
Lithium
45.44
0.3%
Gold
2,671.10
0.66%
Copper
4.11
(0.99%)
Oil
70.04
1.45%
Bitcoin
97,047.53
2.86%
FTSE 100
8,147.37
0.77%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,802.03
0.6%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.04%
Hang Seng
19,601.11
(0.23%)
Lithium
45.44
0.3%
Gold
2,671.10
0.66%
Copper
4.11
(0.99%)
Oil
70.04
1.45%
Bitcoin
97,047.53
2.86%
FTSE 100
8,147.37
0.77%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,802.03
0.6%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.04%
Hang Seng
19,601.11
(0.23%)
Lithium
45.44
0.3%
Gold
2,671.10
0.66%
Copper
4.11
(0.99%)
Oil
70.04
1.45%
Bitcoin
97,047.53
2.86%
FTSE 100
8,147.37
0.77%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,802.03
0.6%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.04%
Hang Seng
19,601.11
(0.23%)
Lithium
45.44
0.3%
Gold
2,671.10
0.66%
Copper
4.11
(0.99%)
Oil
70.04
1.45%
Bitcoin
97,047.53
2.86%
FTSE 100
8,147.37
0.77%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,802.03
0.6%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.04%
Hang Seng
19,601.11
(0.23%)
Lithium
45.44
0.3%
Gold
2,671.10
0.66%
Copper
4.11
(0.99%)
Oil
70.04
1.45%
Bitcoin
97,047.53
2.86%
FTSE 100
8,147.37
0.77%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,802.03
0.6%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.04%
Hang Seng
19,601.11
(0.23%)
Lithium
45.44
0.3%
Gold
2,671.10
0.66%
Copper
4.11
(0.99%)
Oil
70.04
1.45%
Bitcoin
97,047.53
2.86%
FTSE 100
8,147.37
0.77%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,802.03
0.6%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.04%
Hang Seng
19,601.11
(0.23%)
Lithium
45.44
0.3%
Gold
2,671.10
0.66%
Copper
4.11
(0.99%)
Oil
70.04
1.45%
Bitcoin
97,047.53
2.86%
FTSE 100
8,147.37
0.77%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,802.03
0.6%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.04%
Hang Seng
19,601.11
(0.23%)
Lithium
45.44
0.3%
Gold
2,671.10
0.66%
Copper
4.11
(0.99%)
Oil
70.04
1.45%
Bitcoin
97,047.53
2.86%
FTSE 100
8,147.37
0.77%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,802.03
0.6%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.04%
Hang Seng
19,601.11
(0.23%)
Lithium
45.44
0.3%
Gold
2,671.10
0.66%
Copper
4.11
(0.99%)
Oil
70.04
1.45%
Bitcoin
97,047.53
2.86%
FTSE 100
8,147.37
0.77%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,802.03
0.6%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.04%
Hang Seng
19,601.11
(0.23%)
Lithium
45.44
0.3%
Gold
2,671.10
0.66%
Copper
4.11
(0.99%)
Oil
70.04
1.45%
Bitcoin
97,047.53
2.86%
FTSE 100
8,147.37
0.77%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,802.03
0.6%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.04%
Hang Seng
19,601.11
(0.23%)

Almonty Industries Inc. (ASX: $AII) clarifies tungsten oxide plant development

Almonty Industries Inc. (ASX:AII) clarification announcement


Almonty Industries Inc. (ASX:AII) has issued a clarification announcement in response to the Australian Securities Exchange's request. The company clarified the statements regarding the production of 4,000 tonnes of tungsten oxide annually and the approximate maximum expected plant capacity of the Sangdong Downstream Tungsten Oxide Plant to be developed in Yeongwol, South Korea. The construction of the plant has not yet commenced, and its specifications have been assessed in a concept study.

Executive Commentary


The 4,000 tonnes per annum production capacity is specific to the Plant and does not pertain to the production of tungsten concentrate at the Sangdong Mine or any of the Company's other mines. The Plant's capacity is independent of the production level at the Sangdong Mine. The Company will keep the market informed on the progress of the planned development of the Plant.

Summary


Almonty Industries Inc. (ASX:AII) has clarified the details regarding the development of the Sangdong Downstream Tungsten Oxide Plant in South Korea. The company has announced the signing of a memorandum of understanding (MOU) with the local South Korean authority to secure land for the plant, with an approximate maximum expected production capacity of 4,000 tonnes per annum. The construction of the plant has not yet commenced, and its specifications have been assessed in a concept study. Almonty Industries Inc. aims to keep the market informed about the progress of the planned development of the plant.

ALMONTY INDUSTRIES INC.
AII | ASX | Materials
0.980(+0%)
At close 20/11 (AEDT)
Market cap
$253.4M
Volume
11,075
DY Yield
PE Ratio
52 Week Range
0.545 - 1.02
1YR Return
N / A

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