Tungsten West Plc (LSE:TUN) has awarded two significant supply contracts as part of its plan to restart the Hemerdon mineral processing facility in Devon.
Under the agreements, Duo Group will handle the engineering, procurement and construction of a new crushing, screening and ore sorting circuit. Meanwhile, Gekko Systems will provide an In Line Pressure Jigs (IPJ) system along with supporting infrastructure.
The upgraded configuration will include new primary and secondary crushers, a crushed ore stockpile, advanced ore sorting capability and the IPJ pre-concentration system. These enhancements are intended to improve operational reliability, raise processing efficiency and strengthen environmental performance at Hemerdon. By removing waste earlier in the process and lowering the volume of material entering the main plant, the improvements are expected to reduce overall processing loads and support a more cost-effective route back to tungsten and tin concentrate production.
Management described the contracts as a key milestone in the redevelopment of Hemerdon, bringing the project closer to a sustainable production restart.
From an investment perspective, the outlook remains weighed down by weak financial fundamentals, including ongoing losses, no reported revenue in FY2025, negative equity and continued cash burn. However, technical indicators provide some support, with the shares trending higher and momentum signals positive. Valuation remains under pressure due to the company’s loss-making status and the absence of dividend yield data.
More about Tungsten West Plc
Tungsten West Plc is a UK-based mining company focused on recommissioning the Hemerdon tungsten and tin mine in Devon. Its strategy centres on redeveloping and operating the Hemerdon project to produce saleable tungsten and tin concentrates for industrial and technology end markets.
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