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An update from Tungsten West Plc ( (GB:TUN) ) is now available.
Tungsten West has signed two key supply agreements to advance the restart of its Hemerdon mineral processing facility in Devon. Duo Group will deliver the engineering, procurement and construction package for a new crushing, screening and ore sorting facility, while Gekko Systems will supply an In Line Pressure Jigs system and associated infrastructure.
The new primary and secondary crushers, crushed ore stockpile, ore sorter and IPJ system are designed to boost reliability, efficiency and environmental compliance at Hemerdon. By pre-concentrating ore and reducing the volume of material entering the existing plant, the upgrades are expected to cut processing loads sharply and support a more robust, lower-cost path back to tungsten and tin concentrate production, marking a critical step in the project’s redevelopment.
The most recent analyst rating on (GB:TUN) stock is a Hold with a £27.00 price target. To see the full list of analyst forecasts on Tungsten West Plc stock, see the GB:TUN Stock Forecast page.
Spark’s Take on GB:TUN Stock
According to Spark, TipRanks’ AI Analyst, GB:TUN is a Neutral.
The score is constrained primarily by weak financial performance (ongoing losses, zero FY2025 revenue, negative equity, and continued cash burn). Technicals are a meaningful offset, with the stock in a clear uptrend and positive momentum indicators. Valuation remains pressured by the company’s loss-making status and lack of dividend yield data.
To see Spark’s full report on GB:TUN stock, click here.
More about Tungsten West Plc
Tungsten West Plc is a UK mining company focused on restarting production at the Hemerdon tungsten and tin mine in Devon. The group’s core activity is developing and operating the Hemerdon project, aiming to produce saleable tungsten and tin concentrates for industrial and technology markets.
Average Trading Volume: 2,719,373
Technical Sentiment Signal: Buy
Current Market Cap: £245.9M
See more insights into TUN stock on TipRanks’ Stock Analysis page.