Pure Tungsten's South Korean Mine Set for June Start

Why It Matters

The mine’s restart could boost global tungsten supply, reducing reliance on China and enhancing Pure Tungsten’s revenue outlook.

Key Takeaways

• Pure Tungsten targets June production start at San Jong mine.
• Initial output planned at 1,000 tons, scalable to 2,000.
• Proven reserves 3.4 Mt at 46% tungsten grade estimated.
• Historical mine dormant since July 1974, now a time capsule.
• Potential resource could reach 25 Mt, pending further drilling.

Summary

Pure Tungsten announced that its San Jong mine in South Korea’s tungsten district will commence production in June. The site lies about 34 kilometers south‑southeast of the company’s existing San Dong (Monty’s) operation and has been idle since July 1974, essentially a "time capsule" of historic mining infrastructure. The company plans an initial output of roughly 1,000 metric tons of tungsten, with an oversized mill that could eventually support up to 2,000 tons once additional development is completed. Current drilling has confirmed 3.4 million tons of ore at a high 46% tungsten grade, while external studies suggest the deposit could be as large as 25 million tons pending further exploration. Management highlighted the unique nature of the project, noting that the last shift left material on the ground that remains untouched, underscoring both the challenges and the upside of reviving a dormant mine. The potential to double production hinges on new drilling campaigns scheduled over the next two to three years to delineate the full resource envelope. If the larger resource estimates prove accurate, Pure Tungsten could become a significant non‑Chinese supplier of high‑grade tungsten, strengthening its market position and offering investors a growth narrative anchored in a strategic metal essential for electronics, defense, and advanced manufacturing.

Original Description

The tungsten price has been roaring away lately, and has recently hit $300,000/t. It's the perfect time to be bringing tungsten projects on stream, and Pure Tungsten has not one but two projects on the go. The first, in South Korea, should be up and running by the summer, while the second, in Tajikistan will be producing within a year. These projects will then scale up, to the point where Pure Tungsten could well end up challenging established players like Almonty. The mines are big, the grade is good, and the price is right. Pure Tungsten executive director Jeremy Gray joins Vox to tell us more.

Pre-IPO Investment Opportunity: https://www.puretungsten.ca/puretungsten-equity-raise-rn?SQF_LEAD_SOURCE=vx