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Additional Information
Market: TSX-V
Sector: General Mining
EPIC: NTC
Latest Price: 0.35  (6.06% Ascending)
52-week High: 0.58
52-week Low: 0.18
Market Cap: 82.99M
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North American Tungsten
www.northamericantungsten.com

North American Tungsten Corporation Ltd. is the Western World's largest producer of tungsten concentrate, a strategic industrial metal required in a wide variety of products ranging from jet turbine engines and high-speed cutting tools to electronic circuitry and surgical instruments.

Full North American Tungsten profile here
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North American Tungsten appoints Kurt Heikkila to board

16th Nov 2009, 2:57 pm
North American Tungsten appoints Kurt Heikkila to board

Canada based North American Tungsten Corp (TSX-V: NTC) announced the appointment of Kurt Heikkila to the Board of Directors. Heikkila is currently one of the three Governors of Tungsten Diversified Industries, and is also President of Wild River Consulting, and the founder and President of the Tundra Group of Companies.


Heikkila’s Tundra Group of Companies is dedicated to the development of new composites for lead replacement most of which utilize Tungsten as the primary material. Mr. Heikkila has personally received 42 patents, the majority of which relate to new composite materials.


North American Tungsten is one of the few tungsten producers with both a producing mine and strategic development asset in the western world. The company owns the Cantung Tungsten Mine and Mactung Tungsten development project.

In February 2009 North American Tungsten released the results of a Bankable Feasibility Study (‘BFS’) for Mactung.  The BFS study, completed by Wardrop Engineering, considered a 2,000 tonnes per day underground mine with an initial mine life of eleven years. The underground mine will feed a surface facility that would produce both a premium gravity concentrate (67% W03) and a flotation concentrate (55% WO3).  Recoveries are expected to be 81.7%.


In the first five years, the mine would produce approximately 752,000 metric tonne units (MTU’s) of Tungsten Trioxide (WO3) per annum at an operating cost of C$104/MTU.  The estimated capital cost for the project is C$402.1 million, including a C$45.6 million contingency budget, with a capital pack back of just 2.9 years based on a US$300/MTU WO3.


MacTung has an underground indicated mineral reserve of 8.2 million tonnes grading 1.09% tungsten trioxide (WO3), an indicated resource of 33 million tonnes grading 0.88% WO3, and an inferred resource of 11.8 million tonnes grading 0.78% WO3.

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