IVR Announcement24 Nov 2022 08:54
Investigator’s Managing Director, Andrew McIlwain commented:
“Whilst our key focus and priority remains on driving forward Investigator’s 100% owned
Paris Silver Project - Australia’s highest-grade undeveloped silver project – we have continued
to look value adding opportunities to diversify through acquisition of an advanced
project and leverage off our experience and skillset.
“The opportunity to earn-in to Molyhil is seen as one where we can utilise our skills and
experience across key areas such as stakeholder engagement, resource definition, and
project finance and development. Personally, I ran the Los Santos Tungsten Mine in Spain
for a number of years, which was divested into TSX listed Almonty Industries and sat on
their board as a founding Director. I have also had 15 years of NT exposure as Chair of
Emmerson Resources.
“Through our comprehensive due diligence analysis, we believe that value can be added
to the Molyhil Project with a re-evaluation of the existing resource, revision of the proposed
processing route and recasting the project execution model. With the staged approach,
it is anticipated that, if deemed feasible, a commitment to development would be
made early in the third and final stage of the agreement. We expect that there are a number
of potential financing facilities that would be available to support the advancement of this
project.
“Demand has seen the tungsten price rise over 50% in the past year. Tungsten is an essential
industrial metal unique in its hardness and utilised in aerospace, steel hardening,
cutting and drilling, armour plate, electronics and jewellery. As a rare and valuable industrial
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