Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
TG Metals Ltd. ( (AU:TG6) ) has provided an announcement.
TG Metals Ltd. has announced the acquisition of an 80% stake in the Van Uden Gold Project in Western Australia from Montague Resources Australia Pty Ltd, with Barto Gold Pty Ltd retaining a 20% interest. This acquisition, valued at A$3.5 million, is strategically significant as it provides TG Metals with an advanced gold project near its existing lithium deposits, offering potential operational synergies and opportunities for near-term cash flow amid record gold prices. The project includes four granted mining leases and has significant exploration potential, with plans to complete a Mineral Resource Estimate and assess existing ore stockpiles for toll treatment.
More about TG Metals Ltd.
TG Metals Ltd. is a company operating in the mining industry, focusing on the exploration and development of precious and base metals. The company is primarily involved in lithium and gold projects, with a strategic market focus on leveraging synergies between its lithium and gold assets.
YTD Price Performance: -30.0%
Average Trading Volume: 67,580
Technical Sentiment Consensus Rating: Buy
For detailed information about TG6 stock, go to TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue