“EL MOTO”
Tungsten mining of the future
Introduction
Located in Ciudad Real, Spain, the El Moto Mine is one of the largest tungsten-gold deposits in Europe. This W-Au porphyry deposit has a low C1 cost benefiting from the shallow ore body beneath the surface.
Construction commenced in early 2026 with first production on track for 2028.
The mine has been admitted to the European Raw Materials Alliance (ERMA) and has a certified resource estimate under the standard NI 43-101, with an updated Definitive Feasibility Study (DFS) being completed in 2026.
Tungsten, the mineral extracted from El Moto, is included in the EU’s List of Critical Raw Materials and classified as a “strategic product” by the same entity. El Moto was recently declared a Strategic Project by the EU. This recognition, has facilitated the rapid search for the necessary financing to fully develop the mine. We have a 90-year exploitation concession.
Geology
Type of deposit and mineralization
Mineral resources estimation
Type of deposit and mineralization
The El Moto deposit is a large continuous bulk porphyry type tungsten-gold system.
The main tungsten minerals found at El Moto are Ferberite and Scheelite and appear as fine-grained euhedral crystals in quartz veins and as disseminations in the intrusive rocks.
Tungsten is the primary metal of economic interest. Gold is also a potentially economically valuable byproduct.
The granodioritic intrusive has undergone strong hydrothermal alteration. The alteration patterns are similar to those of copper porphyries: deep potassic alteration with propylitic halos, shallow phyllic alteration with greisen and argillic alteration linked to epithermal veins.
The Precambrian greywackes of the Schist-Graywacke They have undergone high-temperature contact metamorphism, reaching the garnet-andalusite facies.
Mineral resources estimation
Malcolm Titley As a QP (qualified person) he has signed the resource model established in accordance with NI 43-101 standards.
Mineral Resources have been estimated within a mineralized envelope (MINZON1) which, in the opinion of the Qualified Person, meets the criteria of the RPEEE.
Mineral resources will be mined by underground mining methods, with a WEq cut-off grade of 0.25%, below is the Grade-Tonnage Table:
Mineral resources are classified as: measured, indicated and inferred. This estimate is shown in the following table:
reservations:
The estimation of mineral resources by rock type and alteration, 85% is found in intrusive and only 15% in metasedimentsBy alteration type, 27% of mineral resources are in predominantly argillic alteration, 46% in slag alteration, propylitic and 27% in a potassium alteration.
Mining
Exploitation
Limited environmental impact
Exploitation
Limited environmental impact
Metallurgy
One of the fundamental pillars of a mining project is the metallurgy. That is why Abenójar Tungsten has emphasised this aspect. For the design of this part, ABT has hired Wardell Armstrong as a certified laboratory with experience in this type of plants and METC as design engineering, the latter being the main QP of the DFS of the mine.
The deposit is divided into three metallurgical domains MET01, MET02 and MET03, with wolframite predominating in domains MET01 and MET02, while scheelite predominates in MET03. The samples used in the tests are representative of the three domains.
As a result of laboratory analysis and engineering interpretation, the following results are obtained:
Following the completion of the tests, METC has generated the design of the mineral treatment plant capable of processing 1.000.000 t/year. The process uses crushing, grinding, gravity concentration and flotation circuits.
The gravity concentration circuit is divided into three streams, which are as follows:
The concentrate from the gravity concentration circuit generates the feedstock for the flotation circuit. Flotation is carried out at a P80 of 100 µm with the sulphide concentrate collected as gold concentrate and the tailings collected as tungsten concentrate prior to filtration of the concentrates.
Once the tungsten concentrate has been obtained, it is passed again through a centrifugal concentrator to obtain the final WO3 concentrate.
See Process Diagram
“Qualified Persons”
Malcolm Titley & Galen White
John Edwards
Pablo Gancedo & Ramón Fernández
