Western Tungsten Scramble Heats Up as China Locks Down 80% of Global Supply
Original announcement by tmx on
- Company
- NGEx Minerals
- Ticker
- NGEX
- Exchange
- TSX
- Region
- Argentina
- Primary commodity
- Copper
- Secondary commodities
- Gold, Silver
- Document categories
- Drill results, Agreement transaction
- Extracted
- 2026-09-14 15:07:40 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
NGEx Minerals reported significant drill results from its Phase 4 program at the Lunahuasi project in Argentina. Highlights include a 131m intercept at 5.09% CuEq (including 5m at 29.05% Cu) and a 1,246.5m intercept at 0.86% CuEq.
Reasoning: The announcement reports high-grade copper-equivalent intercepts and significant continuous mineralization at the Lunahuasi project, reinforcing the potential for both stockwork and massive sulphide systems.
Positive factors
- high-grade massive sulphide vein mineralization
- broad stockwork mineralization
- significant intercept length
Facts used in scoring: 3
Classification and evidence
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: The company is extending the boundaries of the mineralized envelope.
Evidence · text
“NGEx Minerals continues to extend the boundaries of the mineralized envelope”
Extracted facts
Stored fact records: 3. Some facts used in scoring do not have a stored record.
Drill Results (3)
DPDH057Lunahuasi · copperGrade: 5.09Grade Unit: %Intercept: 131 mView all detailsHide details
Identity
- Hole ID
- DPDH057
- Project
- Lunahuasi
- Commodity
- copper
- Region
- argentina
- Reported Region
- argentina
- Ticker
- NGEX
Geometry
- Grade
- 5.09
- Grade Unit
- %
- Intercept
- 131 m
Classification
- Sample Type
- drill
- Group ID
- DPDH057:null-null
- Mining Method
- unknown
Location
- Loc. Confidence
- medium
QA/QC
- QP Signed
- Yes
Metal Equivalent
- Metal Eq. Grade
- 5.09
- Metal Eq. Unit
- % CuEq
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-02-11T00:00:00.000Z
Reasoning: A 131m intercept at 5.09% CuEq is a very strong result for a copper-gold project.
Positive factors
- high-grade intercept
- significant width
Evidence · text
“131.00 metres at 5.09% copper equivalent”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Metal Equivalent Opaquenegative
Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.
Why it applies: an equivalent grade is reported without its assumptions
DPDH057Lunahuasi · copperGrade: 29.05Grade Unit: %Intercept: 5 mView all detailsHide details
Identity
- Hole ID
- DPDH057
- Project
- Lunahuasi
- Commodity
- copper
- Region
- argentina
- Reported Region
- argentina
- Ticker
- NGEX
Geometry
- Grade
- 29.05
- Grade Unit
- %
- Intercept
- 5 m
Classification
- Sample Type
- drill
- Group ID
- DPDH057:null-null
- Mining Method
- unknown
Location
- Loc. Confidence
- medium
QA/QC
- QP Signed
- Yes
Metal Equivalent
- Metal Eq. Grade
- 29.05
- Metal Eq. Unit
- % CuEq
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-02-11T00:00:00.000Z
Reasoning: Extremely high-grade 5m interval within a larger intercept.
Positive factors
- bonanza grade
Evidence · text
“5.00 metres at 29.05% copper equivalent”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Metal Equivalent Opaquenegative
Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.
Why it applies: an equivalent grade is reported without its assumptions
DPDH049Lunahuasi · copperGrade: 0.86Grade Unit: %Intercept: 1246.5 mView all detailsHide details
Identity
- Hole ID
- DPDH049
- Project
- Lunahuasi
- Commodity
- copper
- Region
- argentina
- Reported Region
- argentina
- Ticker
- NGEX
Geometry
- Grade
- 0.86
- Grade Unit
- %
- Intercept
- 1246.5 m
Classification
- Sample Type
- drill
- Group ID
- DPDH049:null-null
- Mining Method
- unknown
Location
- Loc. Confidence
- medium
QA/QC
- QP Signed
- Yes
Metal Equivalent
- Metal Eq. Grade
- 0.86
- Metal Eq. Unit
- % CuEq
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-02-11T00:00:00.000Z
Reasoning: A massive 1.2km intercept at 0.86% CuEq demonstrates significant scale.
Positive factors
- exceptional intercept length
- demonstrates broad mineralization
Evidence · text
“1,246.50 metres at 0.86% copper equivalent from hole DPDH049”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Metal Equivalent Opaquenegative
Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.
Why it applies: an equivalent grade is reported without its assumptions
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.