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The latest update is out from TG Metals Ltd. ( (AU:TG6) ).
TG Metals Ltd. has completed the acquisition of an 80% stake in the Van Uden Gold Project from Montague Resources Australia Pty Ltd, with Barto Gold Pty Ltd retaining a 20% interest. This acquisition allows TG Metals to commence field activities, including a drilling program on existing mineralized stockpiles, with the potential for near-term treatment and cash flow. The company is also working on an updated Mineral Resource Estimate and has initiated mining studies, positioning itself for a low capital cost startup.
More about TG Metals Ltd.
TG Metals Ltd. is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary products include gold and lithium, with a significant market focus on the Forrestania Greenstone Belt in Western Australia.
YTD Price Performance: -13.33%
Average Trading Volume: 106,980
Technical Sentiment Signal: Hold
Find detailed analytics on TG6 stock on TipRanks’ Stock Analysis page.