On Thursday July 7, Sydney Mining Club hosts Group 6 Metals and S2 Resources as part of its Leading Edge series.
Group 6 Metals is building a mine on the highest-grade tungsten deposit in the western world at King Island in the Bass Strait, an island typically better known for its world-class cheese and lobster.
The new mine is being built over the historic Dolphin Mine which operated for 75 years until its 1992 closure because of plunging tungsten prices.
Dolphin has a 14-year mine life with significant exploration upside for underground. First tungsten concentrate from Group 6’s processing plant is expected in the first quarter of 2023. The new open cut mine will tackle 2.9 million tonnes of 0.76% tungsten trioxide at a 0.2% cut off grade. After this Group 6 plans to move underground to mine higher grade ore.
With 70 per cent of the project’s possible offtake secured, convenient port facilities, and prices set to rise given tungsten’s critical application in aeronautics, armaments and steel hardening, Group 6 is well positioned to be one of Australia’s new crop of critical mineral producers.
S2 Resources is led by Mark Bennett – a two-time winner of the Association of Mining and Exploration Company’s Prospector Award for his discovery of the world-class Nova-Bollinger nickel-copper mine.
S2 is exploring for gold, nickel, copper, cobalt and platinum across its projects in Victoria, Western Australia, New South Wales, and on the other side of the world in Finland.
Backed by several industry heavyweights including Mark Creasy, who owns 18.9% of the company, the jewel is S2’s crown is its ground around the Fosterville gold mine in Victoria, Australia’s third-highest producing gold mine, and a place of bonanza gold discovery in recent years.
S2 has targets lined up and drill-ready with early intercepts at its Goornong South target (2.5 kilometres north of the Fosterville mining lease) clipping 3.1 metres at 5 grams per tonne (g/t) gold from 84.2m.
In Finland, S2R has a 557 square kilometre landholding neighbouring Agnico Eagle’s 5.7-million-ounce Kittila mine (18.2 million tonnes grading 5.12 g/t gold).
S2 is also chasing Julimar lookalikes in its nickel-copper-platinum projects in Western Australia and Fraser Range-like nickel-copper-platinum targets.
Group 6 chief executive officer Keith McKnight and S2 executive chair Mark Bennett will present as part of the Sydney Mining Club event on July 7 at the Establishment Ballroom. Register your interest here. The event is free.