Group 6 Metals

What Group 6 Metals does

Group 6 Metals Limited (ASX:G6M) is an Australian public mining company headquartered in Brisbane that operates the Dolphin Tungsten Project on King Island, Tasmania. Founded in 1966 and employing 501-1,000 people, the company is a single-asset operator that extracts and processes scheelite ore into tungsten trioxide (WO3) concentrates for sale into global tungsten markets through commodities-trading channels.

The company's core technology is conventional hard-rock tungsten mining and mineral processing, producing scheelite concentrates containing WO3 from the Dolphin Tungsten deposit on King Island. Its principal commercial product is the tungsten concentrate output of that single project; the company has no other disclosed product lines, secondary processing assets, or downstream tungsten-product manufacturing.

Group 6 Metals monetizes production through a multi-year offtake agreement with commodities trader Traxys Europe S.A., which commits G6M to deliver a minimum of 10,000 metric tonnes of WO3 in scheelite concentrates over a 6-8 year horizon at contract prices linked to prevailing spot Ammonium Paratungstate (APT) prices. The agreement, extended in March 2026, carries a stated minimum contract value of US$1.75 billion at current prices and exchange rates and is described as providing revenue certainty while the Dolphin Tungsten mine ramps up production. Customer segments are limited to global tungsten buyers accessed via the Traxys distribution channel.

Name

Group 6 Metals

Legal name

Group 6 Metals Limited

Website

https://kingislandscheelite.com.au

Company type

Public

Founded year

1966

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Group 6 Metals Limited (ASX:G6M) is an Australian public mining company that operates the Dolphin Tungsten Project on King Island, Tasmania, producing scheelite concentrates for global tungsten markets under a multi-year offtake with Traxys Europe S.A.

Ownership category

akta.pro rank

Headquarters

HQ city

Brisbane

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Infrastructure, Supply Chain

Revenue model

1. Tungsten Concentrate Sales: G6M generates revenue through the sale of tungsten concentrates (scheelite) produced at its Dolphin Tungsten mine on King Island, Tasmania. The offtake agreement with Traxys Europe S.A. commits G6M to deliver a minimum of 10,000 MT of WO3 contained in scheelite concentrates over several years at prices linked to spot APT (Ammonium Paratungstate) prevailing prices.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Core offering

Group 6 Metals extracts and processes scheelite ore at the Dolphin Tungsten Project on King Island, Tasmania, producing tungsten concentrates containing tungsten trioxide (WO3) for sale to global tungsten markets. The company sells its tungsten output through a multi-year offtake agreement with commodities trader Traxys Europe S.A., committing a minimum of 10,000 MT of WO3 over 6-8 years at prices linked to spot APT (Ammonium Paratungstate).

Product overview

Group 6 Metals operates as a single-project mining company focused on the Dolphin Tungsten Project on King Island, Tasmania. The company extracts and processes scheelite concentrates containing tungsten trioxide (WO3) for global markets, supported by an offtake agreement with Traxys Europe S.A.

Differentiator

Problem solved

Functional benefit

Products and services

• Dolphin Tungsten Project

Quantifiable outcome

• US$1.75 billion minimum contract value over 6-8 years at current prices and exchange rates
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Traxys Europe S.A.coreChannel Partner/ Reseller/ Distributor · 24 March 2026Group 6 Metals has signed a multi-year offtake agreement extension with Traxys Europe S.A., effective immediately. Under the agreement, G6M will deliver a minimum of 10,000 MT of WO3 contained in scheelite concentrates over several years, with prices linked to spot APT prevailing prices. This represents a minimum contract value of US$1.75 billion over 6-8 years at current prices and exchange rates. The agreement supports G6M's Dolphin Tungsten project on King Island, Tasmania, providing revenue certainty as the mine ramps up production.

Scale indicators2 records

Recent moves1 record

Expansion highlights2 records

Direct peers

• Masan High-Tech Materials: Masan High-Tech Materials is Vietnam's largest tungsten producer (via its Nui Phao mine) and a major global supplier of tungsten, bismuth, and fluorspar concentrates. It is comparable to Group 6 Metals as a vertically integrated tungsten concentrate producer serving global markets through commodity-trading channels.
• Almonty Industries: Almonty Industries is a publicly listed pure-play tungsten mining company operating the Panasqueira mine in Portugal and developing the Sangdong mine in South Korea. It is the most directly comparable peer to Group 6 Metals as a Western-aligned, single-commodity tungsten producer selling scheelite/WO3 concentrates under long-term offtake arrangements.
• Wolfram Bergbau und Hütten AG: Wolfram Bergbau und Hütten AG is an Austrian company that mines and processes tungsten concentrates from the Mittersill mine, one of the few Western primary tungsten operations. It is a direct peer to G6M as a primary tungsten concentrate producer with similar upstream mining-and-concentrate positioning.
• Specialty Metals Resources SA: Specialty Metals Resources is a Belgian processor focused on tungsten and tantalum secondary/raw material supply, with activities in tungsten recycling and concentrate processing. It is comparable to G6M in tungsten raw-material supply and trading, particularly into European markets.

Broad incumbents

• Mitsubishi Materials Corporation: Mitsubishi Materials is a Japanese diversified materials group with a tungsten and powder-metallurgy division that processes tungsten raw materials into finished components. It is comparable to G6M as a downstream consumer and processor of tungsten but operates as a diversified industrial conglomerate rather than a primary miner.
• Xiamen Tungsten Co., Ltd. Xiamen Tungsten is one of China's largest integrated tungsten producers, with operations spanning mining, APT processing, cemented carbide, and tungsten products. It is comparable to G6M in tungsten raw-material supply but at vastly greater scale and vertical integration.
• China Tungsten and Hightech Materials: China Tungsten and Hightech Materials is a major Chinese state-linked tungsten and refractory metals producer with a broad product portfolio spanning concentrates, APT, and downstream tungsten products. It is comparable to G6M as a global tungsten supplier but operates at much larger scale and across the full value chain.
• Sandvik AB: Sandvik is a Swedish engineering group whose Mining and Rock Technology division supplies tungsten-carbide tools and drilling equipment, giving it exposure to tungsten raw-material consumption and recycling. It is comparable to G6M in that tungsten is a critical input to its products, though Sandvik does not produce primary tungsten concentrates.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/kischeelite

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Group 6 Metals