Tungsten Mining Fast-Tracks Evaluation of Permitted Watershed Tungsten Project

Tungsten Mining NL ( (AU:TGN) ) has shared an announcement.

Tungsten Mining NL has launched a Project Economic Evaluation of its fully permitted Watershed tungsten project in Queensland to assess options for accelerating development in response to elevated tungsten prices and a deepening global supply deficit. Building on an existing Definitive Feasibility Study and a substantial JORC 2012 mineral resource of 49.3Mt at 0.14% WO3, the company plans drilling in the second quarter of 2026 to test high-grade near-surface zones, alongside engineering work to optimise infrastructure, water and power requirements and the processing flowsheet. The evaluation, due for completion in the June quarter of 2026, is intended to determine whether Watershed can advance quickly into early front-end engineering design, potentially providing a nearer-term development and revenue stream that complements the larger, longer-life Mt Mulgine project and enhances Tungsten Mining’s strategic position in the critical minerals sector.

The most recent analyst rating on (AU:TGN) stock is a Hold with a A$0.34 price target. To see the full list of analyst forecasts on Tungsten Mining NL stock, see the AU:TGN Stock Forecast page.

More about Tungsten Mining NL

Tungsten Mining NL is an Australian resources company focused on the exploration and development of tungsten projects, with key assets including the Mt Mulgine project in Western Australia and the Watershed project in Queensland. The company targets the growing global market for tungsten, a critical mineral used in hardmetals, industrial tooling and strategic applications, positioning its portfolio to supply secure, long-life production into a market characterised by tight supply and sustained demand.

Average Trading Volume: 2,073,286

Technical Sentiment Signal: Buy

Current Market Cap: A$368.7M

For detailed information about TGN stock, go to TipRanks’ Stock Analysis page.