(MENAFN- ProactiveInvestors - Australia) Hazelwood Resources (ASX:HAZ) has installed the first fill of ferrotungsten metal at its Vietnam project, that will pave the way for hot commissioning and first production at the plant towards the end of the month.
Ferrotungsten is used in high speed steel, tool steels and temperature resistant alloys.
The ATC Ferrotungsten Project in Vietnam is the largest ferrotungsten plant outside of China and its design is believed to be the most advanced in the world.
Newly constructed during 2011 under-budget, the ATC Ferrotungsten Project represents a capital efficient entry into specialty metal production with the opportunity to launch into other downstream processing ventures and potential future vertical integration with Hazelwood's advanced stage primary tungsten projects located in Western Australia.
Starting as a refining operation that utilises externally sourced feedstock, there is potential for future vertical integration with Hazelwood's proposed Big Hill Tungsten Deposit in Western Australia.
Big Hill is an advanced project with an open pittable 12 year JORC Ore Reserve and is capable of producing an exceptionally pure tungsten feedstock.
Hazelwood also has a 70% interest in the Mt Mulgine Project in Western Australia which hosts a near-surface JORC Mineral Resource.
It had a cash position of $4.53 million at the end of December quarter. Â
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