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An update from Tungsten Mining NL ( (AU:TGN) ) is now available.
Tungsten Mining NL has started on-site preparation activities at its Mt Mulgine Project in Western Australia ahead of a major reverse circulation and diamond drilling campaign at the Mulgine Trench deposit. The work includes drill pad construction, surveying, access and safety preparations, setting the stage for a large-scale program aimed at expanding and upgrading existing resources.
The planned campaign comprises about 130 RC holes for 40,000 metres to test extensions beneath the 2020 mineral resource and the upper portion of a substantial exploration target, with assays to be reported roughly six weeks after drilling begins. A further 37 PQ diamond holes totalling 4,700 metres will provide metallurgical and geotechnical data for pit design, with the company aiming to increase Indicated resources and potentially establish Mt Mulgine as one of the world’s largest tungsten projects, a significant development for stakeholders in a critical mineral supply chain.
More about Tungsten Mining NL
Tungsten Mining NL is an Australian resources company focused on the exploration and development of tungsten deposits, with its flagship 100%-owned Mt Mulgine Project located in Western Australia. The company is targeting expansion of its tungsten and molybdenum resource base to strengthen its position in the global tungsten market.
Average Trading Volume: 2,436,420
Technical Sentiment Signal: Buy
Current Market Cap: A$335.1M
For a thorough assessment of TGN stock, go to TipRanks’ Stock Analysis page.