Tungsten Mining Expands with Mt Mulgine Acquisition

Tungsten Mining NL (AU:TGN) has released an update.

Tungsten Mining NL has agreed to acquire the Mt Mulgine Project assets from Minjar Gold Pty Ltd for $3.3 million in cash, expanding its control over valuable tenements rich in tungsten, molybdenum, and other minerals. This acquisition is a strategic move to enhance Tungsten Mining’s portfolio and unlock significant value for its shareholders. The transaction awaits Ministerial consent, marking a pivotal step in the company’s growth trajectory.

For further insights into AU:TGN stock, check out TipRanks’ Stock Analysis page.