North American Tungsten Corp. Ltd. Announces Earnings and Operational Results for the Year Ended September 30, 2012
The company reported operational results for the year 2012. For the year, the company announced that Tungsten concentrate production increased 22% to 273,000 metric tonne units (MTUs) from 224,000 MTUs the previous year; Mine and mill operations improved and stabilized - as evidenced by mill availability of 97.62% against 90.37% a year ago. Average metallurgical recovery was 76.9% against 75.3% a year ago. Average daily feed tonnes was 969 against 925 a year ago. Total ore milled was 339,000 against 322,000 tonnes a year ago. Mine developments included the area below the 3700' level and also opened access to new zones, including the previously announced Amber Zone. They will also facilitate underground exploration. Exploration in and around the open pit is promising and may add low-cost tonnage.