News

April 07, 2008

This May Be Tungsten’s Year And Geodex Has Plenty Of Tonnage And Near Term Production To Take Advantage

By Alastair Ford

There’s an interesting table in the Geodex Minerals presentation that two members of the company’s management team, exploration director Jack Marr, and business development director Chris Anderson, were showing around town last week. They were here as co-sponsors of the Global Capital Forums tungsten-molybdenum conference held in London on 2nd April. According to the table in question, Geodex has more tonnes of tungsten ore in the ground than most of the rest of the world’s other quoted tungsten companies put together.

With more than 90 million tonnes of ore grading 0.186% WO3 equivalent, and giving a total of 202 million pounds of tungsten in the indicated category, Geodex is a serious player in this business. The other companies on the list are Tiberon, Vital Metals, Oriental Minerals, Galway Resources, Playfair, North American Tungsten, Largo Resources, Primary Metals and King Island Scheelite. Of the total tungsten tonnage that these companies have on record, some of which is only in the inferred...