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The latest announcement is out from TG Metals Ltd. ( (AU:TG6) ).
TG Metals Ltd has announced the commencement of down-dip resource drilling at its Van Uden Gold Project, following a successful placement raising $4 million, leaving the company with approximately $5.4 million in cash. The new drilling initiative aims to explore deeper extensions of the known resource, with plans to update the Mineral Resource Estimate in the first quarter of 2026. The company has also been granted a new prospecting license adjacent to its existing mining leases, potentially extending the mineralized strike to over 6.5 kilometers. This strategic expansion could significantly enhance TG Metals’ resource base and strengthen its position in the gold mining sector.
More about TG Metals Ltd.
TG Metals Ltd is a company operating in the mining industry, focusing on gold exploration and development. The company is primarily engaged in projects located in the Forrestania Gold Belt, with a particular emphasis on the Van Uden Gold Project.
Average Trading Volume: 401,787
Technical Sentiment Signal: Buy
Current Market Cap: A$20.98M
Find detailed analytics on TG6 stock on TipRanks’ Stock Analysis page.