TopTung Limited (ASX:TTW) is a Brisbane based company focused on exploring and developing the Torrington Tungsten and Topaz Project in northern New South Wales. The Project comprising EL 8258 and adjoining EL 8355 held by Torrington Minerals Pty Ltd a wholly owned subsidiary of TopTung Limited is located 240km south-west of Brisbane, Queensland, and 400km north of Newcastle, NSW, in proximity to the Torrington Township approximately 45km south-west of the local Shire town of Tenterfield.
The Torrington region and particularly the Project area contains potential economic concentrations of tungsten, topaz, bismuth, and gold mineralisation. The area has been mined since the early 1880’s, initially for tin and tungsten, and more recently within the EL areas for its topaz content (for refractory feedstock and abrasive purposes). Numerous small rich tin and tungsten lodes were exploited into the 1980’s, since then however, low prices for these commodities has restrained further exploration for these metals. The Company’s interest is in the potential of both the tungsten and topaz mineralisation.
TopTung’s exploration programmes are underpinned by an Indicated and Inferred JORC 2012 Mineral Resource estimate containing 2,146,000 tonnes at 0.23% WO3 for 4,965 tonnes WO3. The Company’s stated aim is to develop a project processing in the order of 500,000 to 750,000 tpa of ore requiring proven resources of up to 10Mt to allow for a 10-year project life with production of approximately 1,000 tpa of WO3.
Processing of the tungsten and topaz ore will comprise a relatively benign environmental footprint requiring only crushing, gravity and electromagnetic separation with water as the only consumable.
The Board of TopTung backed by the Company’s major shareholders are committed to unlocking the value of Torrington Tungsten and Topaz Project in order to develop a secure strategic Australian supply of tungsten in a market dominated by China.
TopTung was previously listed as Krucible Metals Limited (ASX:KRB) a Townsville based base metal explorer