Tungsten Market The Company is continuing discussions with...

Tungsten Market The Company is continuing discussions with international buyers of concentrate to acquire Dolphin’s annual production over a minimum three year period at market related prices.
The price of APT (Ammonium Para Tungstate), regularly quoted in industry journals, is used as a benchmark price for the sale of WO3 concentrate. Concentrate prices are normally traded at a discount of between 15% and 25% to the APT price, allowing for the conversion costs of the product. Current European prices are between US$345 and US$355 per mtu (metric tonne unit).
This is an increase of approximately 16% since the beginning of January 2018. Furthermore, a leading international market research company estimates that the Compound Annual Growth Rate (CAGR) of tungsten will be around 5.51% for the period 2018 to 2022, which bodes very well for the development of the Dolphin project.

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