ASX listed Apollo Minerals (AON) is a responsible mining company focused on exploration programs including drilling and feasibility work at the its Couflens Project in southern France and progressing the adjacent Aurenere Project in neighbouring Spain.
In June 2017 Apollo Minerals Limited completed the acquisition of an 80% interest in the Couflens tungsten-copper-gold project in southern France. The project includes the historic Salau mine, which was one of the world’s highest grade tungsten mines and which produced around 11,500 tonnes of WO3 in concentrate.
The reactivation of the Salau mine has the potential to deliver one of Europe’s most critical raw materials to French and other European industries.
The Company is also planning drilling programs to test gold and tungsten exploration targets in the wider region across both the Couflens Project and Aurenere Project.
Recent work programs have confirmed the presence of widespread high grade gold (up to 33.9 g/t) and tungsten (up to 8.25% WO3) within the Company’s 97km² landholding in this highly prospective region of the Pyrenees.
Follow Apollo Minerals on Twitter @ApolloMinerals
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Given its unique and valuable properties, mainly as a strengthening agent, the European Union ranked tungsten as one of Europe’s most critical raw materials, with the highest supply risk of all materials on the list. Supply of tungsten is currently heavily dominated by China, who control nearly 80% of global supply and consumption. There is limited large scale supply elsewhere in the world, only 2 mines exist outside of China with production capacity great than 3,000TPA Tungsten in concentrate.