Tungsten Mining Flags Funding Hurdle for Globally Significant Mt Mulgine Critical Minerals Project

Tungsten Mining NL ( (AU:TGN) ) just unveiled an update.

Tungsten Mining NL has released an update on its Mt Mulgine Project in Western Australia, describing it as a globally significant multi-critical mineral deposit and outlining outcomes from a preliminary Scoping Study. The company stresses that the study is an early-stage technical and economic assessment that supports the potential viability of the project but is not yet sufficient to define Ore Reserves or underpin a definitive development decision. The Scoping Study mine plan is based entirely on Indicated Mineral Resources, with no contribution from Inferred Resources or exploration targets, and envisages pre‑production funding requirements in the range of A$358 million to A$495 million for the preferred development case. Tungsten Mining underscores that there is no certainty it will secure this funding or achieve the projected outcomes, and notes that alternative strategies such as asset sales or joint ventures may be considered, highlighting both the scale of Mt Mulgine’s opportunity and the financing and execution risks facing investors and stakeholders.

The most recent analyst rating on (AU:TGN) stock is a Hold with a A$0.18 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-listed resources company focused on the exploration and development of critical mineral deposits, with particular emphasis on tungsten and associated metals. The company’s flagship asset is the Mt Mulgine Project in Western Australia, positioned to supply a range of strategic minerals into global markets increasingly concerned with security of critical mineral supply.

Average Trading Volume: 1,430,213

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$195.5M

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