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Jefferies opens a new funding lane for Tungsten Mining's Watershed project
8:10am on Friday 25th of September, 2026 AEST
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Mining
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Jefferies opens a new funding lane for Tungsten Mining's Watershed project
8:10am on Friday 25th of September, 2026 AEST
Key Points
Jefferies appointed to identify and assess strategic investors
Strategic investment process to run alongside Cutfield Freeman debt mandate
Offtake-linked funding, government support and commercial partnerships also under review
Watershed PEE reports A$1.309 billion pre-tax NPV8 and 198% IRR
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