Malaga Inc (MLG)

[kiniki]

Serious good news! Malaga is operating on schedule. I was informed that the company is expected to receive there "medium producer licence " upgrade from Peru between late Q1 and early Q2. This key upgrade will permit Malaga to increase its tungsten production from 375 tonnes per day (tpd) to the much anticipated 500 tpd rate. In addition, Malaga is planning to publish an updated Pasto Bueno 43-101 resource report before the Company introduces itself to the Toronto market at PDAC March 7-10.

The tungsten price is steadily rising in China as well the tungsten APT European bid price has increased from US $185 MTU to $205 MTU in the last month.