Guardian Metal Resources (NYSE.A: GMTL, LON:GMET, OTCQB:GMTLF), a strategic tungsten exploration company focused on Nevada, reports strong progress across all key PFS workstreams at its 100%-owned Pilot Mountain project, backed by a US Department of War $6.2m Title III award to its Golden Metal Resources (USA) subsidiary.
The PFS is being led by Guardian Metal’s in-house team alongside Samuel Engineering and specialist consultants, and the company says final study results will incorporate the outcomes of ongoing resource evaluation workstreams at the Desert Scheelite and Garnet Zones.
"We are very pleased to report strong progress at Pilot Mountain, and will move swiftly into mine permitting and workstreams to support the Definitive Feasibility Study," Oliver Friesen, CEO.
All drilling required for resource evaluation at Desert Scheelite and Garnet is complete and infill holes at Garnet returned encouraging visual scheelite mineralisation, the company says.
Guardian Metal is modelling Pilot Mountain as a conventional open-pit operation feeding a flotation plant, with flowsheet development suggesting a scheelite concentrate and ongoing work on potential silver and zinc by-product recovery.
Hydrogeology Phase I drilling and monitoring well installation are complete, Phase II has commenced, and the mine Plan of Operations that will trigger the NEPA process is being drafted for submission targeted in August 2026.
Exploration has also advanced at Good Hope where initial holes GH26-01 and GH26-02 returned visual scheelite intersections with assays pending, and drilling at the Gunmetal Zone is expected to start before the end of June 2026.
Cairn Financial Advisers is acting as nominated adviser and Berenberg and Tamesis Partners are named as joint brokers on the Company’s London listing.
The company says it will publish a comprehensive exploration update after PFS completion, incorporating results from all active target areas.
