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TG Metals Ltd. ( (AU:TG6) ) has provided an update.
TG Metals has significantly advanced its Van Uden Gold Project, updating the mineral resource estimate to 270,800 ounces of gold, with a more than 120% increase in the Indicated category. Recent reverse circulation drilling delivered broad high-grade intercepts that closed gaps in the model, extended mineralisation down dip and along strike, and discovered new gold-bearing zones 550 metres south of the existing resource.
In parallel, the company progressed its Lake Johnston Lithium Project by filing a patent application for a new lithium processing and recovery method integrated into the Burmeister hybrid flowsheet, aimed at boosting spodumene recoveries into concentrate. These developments position TG Metals to move toward mine design and evaluate development pathways at Van Uden while potentially improving the value and competitiveness of its lithium portfolio through proprietary processing technology.
More about TG Metals Ltd.
TG Metals Ltd. is an ASX-listed exploration and development company focused on gold and lithium projects in Western Australia’s Forrestania and Lake Johnston regions. Its primary assets include the advanced Van Uden Gold Project and the Lake Johnston Lithium Project, where it is targeting both resource growth and processing innovations to enhance project economics.
Average Trading Volume: 162,276
Technical Sentiment Signal: Sell
Current Market Cap: A$18.68M
For detailed information about TG6 stock, go to TipRanks’ Stock Analysis page.