Tungsten Mining NL announced the Pre-Feasibility results of its world class Mt Mulgine Tungsten Project, located in the Murchison Region of Western Australia, approximately 350km north northeast of Perth. Through exploration and acquisition, the Company has established a globally significant tungsten resource inventory in its portfolio of advanced mineral projects across Australia. This provides the platform for the Company to become a major player within the global primary tungsten market through the development of low-cost tungsten concentrate production. The Mt Mulgine Tungsten Project is the cornerstone of the Company's strategic development plan, focussed on demonstrating a pathway to long term sustainable mining activities. Tungsten, occurs naturally on Earth, not in its pure form but as a constituent of other minerals, only two of which currently support commercial extraction and processing - wolframite ((Fe,Mn)WO4) and scheelite (CaWO4). The free element is remarkable for its unique properties, It has the highest melting point of all the elements (~3,400°C) has a density that is 19.3 times that of water, making it among the heaviest metals, has excellent electrical conductivity and its coefficient of thermal expansion is the lowest of all metals. These properties ensure tungsten makes an important contribution, through its use in cemented carbide and high- speed steel tools, to the achievement of high productivity levels in industries on which the world's economic well- being depend. It is used in lighting technology, electronics, power engineering, coating and joining technology, the automotive and aerospace industries, medical technology, the generation of high temperatures, the tooling industr and even in sports and jewellery. Cemented carbides, also called hardmetals, are the most important usage of tungsten. The main constituen is tungsten monocarbide ("WC"), which has hardness close to diamond. Hardmetal tools are the workhorses for the shaping of metals, alloys, wood, composites, plastics and ceramics, as well as for the mining and construction industries. World tungsten supply has been dominated by production in and exports from China. According to Roskill, mine production of tungsten (primary tungsten) grew by 2.0% per year from 67.5kt W in 2011 to just under 78.9kt in 2019. Mine supply is, however, somewhat below its peak of over 81kt W in 2015. The main source of mine production is China, accounting for 82% of output in 2019. Prices for tungsten concentrates have historically tended to follow the same trend as prices for ammonium paratungstate (APT), which is the key intermediary product in the tungsten supply chain. APT prices are quoted o the basis of metric tonne units. A metric tonne unit (MTU) is 10kg. An MTU of tungsten trioxide (WO 3) contains 7.93kgs of tungsten (W). Standard industry grade specification for tungsten concentrate is 65% WO3.