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How Tungsten Mining’s $53M Raise and Mt Mulgine Study Could Reshape Critical Minerals

12:32pm on Friday 30th of January, 2026 AEDT Mining
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How Tungsten Mining’s $53M Raise and Mt Mulgine Study Could Reshape Critical Minerals

12:32pm on Friday 30th of January, 2026 AEDT
Key Points
  • Tungsten APT prices up 86% since October 2025, 300% over 12 months
  • Mt Mulgine Scoping Study reveals pre-tax NPV of A$1.0-1.4 billion and IRR of 30-45%
  • New Exploration Target at Mulgine Trench could significantly expand tungsten and molybdenum resources
  • Successful $53 million placement to institutional and professional investors
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