Group 6 Metals Limited

Group 6 Metals has appointed MA Moelis Australia to conduct a strategic review to determine its optimal capital structure, and to consider potential M&A activities to reposition the business and enhance the value proposition for shareholders. ➡️ Strategic review initiated to determine optimum capital structure and evaluate potential partnerships with strategic investors ➡️ Existing lenders provide funding support for strategic review ➡️ Plant recovery optimisation plan has been developed utilising the extensive knowledge gained over 12 months of operations ➡️ Cost reduction activities are ongoing at the Dolphin Tungsten Mine Read more: https://loom.ly/XK9jNGc

Group 6 Metals Limited (ASX:G6M) is sailing full steam ahead with the ‘Western world’s highest grade tungsten deposit’. “All in all, it sets up well for the step change in production we are forecasting for the remainder of 2024,” says CEO Keith McKnight. Find out why here. https://lnkd.in/g8DuH5AK #tungsten #criticalminerals

The unheralded critical minerals | Group 6 Metals is discussed in the below article from Australian Mining 📰 "Some critical minerals garner more attention than others; some have glossier and more intelligible end uses than their lesser-known cousins. But that’s not to say the antimonies, fluorines, niobiums and molybdenums of the world aren’t important, with equally critical purposes for global advancement and renewable energy development. The same goes for tungsten, vanadium and rare earths, each of which has an exciting future in Australia and abroad," writes journalist Alexandra Eastwood. Alexandra highlights our Dolphin Mine as one of only a few tungsten mines to come online outside of China in recent years, and discusses our production ramp up at the project and cost reduction initiatives, as well as the 'buoyant' tungsten pricing driving producers to be optimistic for the future. Read more:

Via the Australian Mining Review — Ore sorting trials demonstrate significant potential at Dolphin:

Group 6’s Dolphin Mine shows potential to improve output | Coverage in Mining.com.au:

Group 6 Metals is discussed in the below article from MiningNews.net — Death metal is more than music: The case for taking war metals such as tungsten, antimony and niobium seriously. Tungsten’s unique properties, such as high density, hardness, and resistance to heat and wear, make it invaluable across a wide range of industries. It is a critical mineral with a wide variety of uses, including in the green transition, energy, military, aerospace, industrial, medical and electronics sectors. The below article focuses on tungsten's military and weapons applications and history of high prices during periods of conflict. "It is Chinese control of the tungsten supplies which is one of the issues which keeps US military planners awake at night and which ought to be reflected in the share prices on non-Chinese producers such as Australia's Group 6 Metals, which owns the historic Dolphin Mine on King Island," writes Dryblower. Read more: https://loom.ly/CrQwYxc

We're pleased to announce highly encouraging results from ore sorting trials conducted for our wholly owned Dolphin Tungsten Mine, with HPY Sorting Technology. The positive ore sorting trials show potential to improve Dolphin Tungsten Mine output. The trials successfully demonstrated that ore sorting has the potential to: ✅ Increase tungsten head grade ✅ Reduce milling and processing costs ✅ Improve metal recovery ✅ Reduce environmental impact Sorting trials for low grade ore gave enrichment ratios of 2.09 and 2.53, and sorting trials for high grade ore gave enrichment ratios of 1.35 and 1.49. The company will progress further trials and a feasibility study for ore sorting. Read more: https://loom.ly/KSS30vs

Group 6 Metals is pleased to release its Quarterly Activities Report for the quarter ended 30 June 2024. Read it here: https://loom.ly/By2vxcc

Come and join a great team on King Island

Fantastic to attend the Noosa Mining Investor Conference last week. The replay of our Managing Director and CEO Keith McKnight's presentation from the event is now available — watch it here: https://loom.ly/WUon4Dg