Tungsten Mining NL reported the latest results from drilling at the Mt Mulgine Project. On 19 December 2019, the Company announced the updated Mulgine Trench Mineral Resource estimate resulting in a major increase in contained tungsten and molybdenum and highlighting the significance of accessory minerals gold (850,000 ounces) and silver (35 million ounces). Since completion of RC drillholes used for the 2019 Mineral Resource estimate, Tungsten Mining has drilled an additional 86 RC holes for 16,250 metres. This announcement reports assay results received by the Company to 7 January 2020, representing 42 RC holes for 7,856 metres. The Company reported that the latest assay results - subsequent to the Mineral Resource estimate released in December 2019, continue to be outstanding and demonstate intersections greater that 200 metres in true width. Discussion of latest assay results: In July 2019, the Company commenced a phased drilling program as part of the Mt Mulgine Project PFS with the objective of upgrading the dominantly Inferred Mulgine Trench Mineral Resource estimate to a dominantly Indicated status. The program has progressed onto infilling sections to a 40 metre spacing and by 7 January 2020, a total of 220 reverse circulation (RC) holes for 36,931 metres has been drilled. Latest assay results from the 42 holes being reported here continue to intersect multiple tungsten-molybdenum intersections within a 140 to 220 metre envelope. Better holes that demonstrate the significance of mineralisation include MMC455, MMC399 and MMC420. These holes intersected multiple zones with minor internal waste forming overall mineralised envelopes of 244 metres at 0.10% WO3 and 330 ppm Mo from 2 metres, 210 metres at 0.10% WO3 and 400 ppm Mo from surface (0 metres) and 226 metres at 0.12% WO3 and 330 ppm Mo from surface (0 metres) respectively. All three holes were drilled perpendicular to mineralisation and intervals represent true thicknesses. Of the 7,856 metres from the 42 holes being reported, 5,054 metres fell within an intersection greater than 3 metres at 0.05% WO3 that, in aggregate terms, averaged 0.12% WO3, 340 ppm Mo, 0.15 ppm Au and 6 ppm Ag. This is consistent with that grade predicted by the 2019 Mineral Resource for blocks greater than 0.05% WO3. Lower Tungsten-Molybdenum domain: in addition, the drilling continues to intersect significant polymetallic mineralisation associated with a lower Tungsten-Molybdenum domain that forms a 50 to 120 metre thick zone. Better holes from this zone include 78 metres at 0.10% WO3, 600 ppm Mo from 44 metres in MMC424 and 66 metres at 0.12% WO3, 670 ppm Mo from 24 metres in MMC422. Again, holes were drilled perpendicular to mineralisation and intervals represent true thicknesses. Mulgine Trench Mineral Resource: Resource consultants, Optiro Pty Ltd. (Optiro) were engaged to update the Mulgine Trench Mineral Resource with results from the resource definition drilling commenced in July 2019. The update incorporated the drilling results from first 123 reverse circulation (RC) holes received to 22 November 2019. The revised Mineral Resource estimate for Mulgine Trench as of 19 December 2019 above a 0.05% WO 3 reporting cut-off grade is as follows: At a 0.05% WO3 cut-off grade and compared against the previous Mineral Resource estimate, drilling completed by the Company to 22 November 2019 resulted in a 189% increase in tonnes and an increase in contained metal of 97% in tungsten and 211% for molybdenum. In addition, gold and silver (accessory minerals) grades were estimated into the block model and this defined 850,000 ounces of gold and 35 million ounces of silver. The extent of recovery of these accessory minerals is presently uncertain. Metallurgical test work to confirm recoveries for all minerals is in progress as part of the PFS programme and will be reported as the relevant information becomes available. Since completion of the Mulgine Trench Mineral Resource estimate, Tungsten Mining have drilled an additional 86 RC holes into the Mulgine Trench Mineral Resource. Interpretation of all new data is proceeding and a revised estimate is planned to be released in April 2020. The Mt Mulgine Project is located in the Murchison Region of Western Australia, approximately 350km north northeast of Perth. The Company owns 100% of the tungsten and molybdenum rights on a group of tenements that have been the subject of significant previous evaluation for tungsten and molybdenum. The Company also has the rights to all by-products from the mining of tungsten and molybdenum. Near surface Mineral Resources have been delineated at the Mulgine Trench and Mulgine Hill deposits, which have been the subject of ongoing evaluation by the Company. Tungsten-molybdenum mineralisation at Mt Mulgine is associated with the Mulgine Granite - a high-level leucogranite forming a 2km stock that intrudes the Mulgine anticline. The granite intrudes a greenstone sequence composed of micaceous schists, amphibolite and talc-chlorite schist which were formerly metasediments, mafic and ultramafic rocks respectively. Tungsten-molybdenum mineralisation at Mulgine Trench is associated with altered and quartz veined mafic and ultramafic units that form a 140 metre to 220 metre thick zone over 1.4 kilometres of strike and dips shallowly towards the northwest. Completion of resource definition RC drilling is anticipated to be completed in February. A diamond drill rig has been mobilised to site to complete tails and deepen a number of RC holes that did not reach target depth due to ground conditions. An updated Mineral Resource estimate using all new drilling data is planned to be prepared in April 2020. This updated block model will be used for pit optimisation and engineering studies as part of the PFS.