Tungsten Mining Launches Major Drilling Push to Expand Mt Mulgine Resource

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

Tungsten Mining NL has outlined a major reverse circulation drilling campaign at the Mulgine Trench deposit within its Mt Mulgine project, comprising 140 holes for 40,000 metres starting in early May 2026. The program will test mineralisation continuity at depth and along strike beneath the 2020 Mineral Resource Estimate, with assay results to be released periodically after drilling begins.

The campaign aims to test the upper portions of a large conceptual Exploration Target that could materially increase the project’s tungsten and molybdenum inventory and upgrade up to 100 million tonnes of material into the Indicated category. If successful, the work could establish Mt Mulgine as one of the world’s largest tungsten resources at a time of record tungsten prices, potentially strengthening Tungsten Mining’s strategic position in global critical minerals supply.

The most recent analyst rating on (AU:TGN) stock is a Hold with a A$0.26 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 assets, with its flagship Mt Mulgine project positioned as a potentially major global source of this critical mineral. The company targets growing demand for tungsten amid record prices, leveraging Australia’s status as a secure, mining-friendly jurisdiction.

Average Trading Volume: 3,407,725

Technical Sentiment Signal: Buy

Current Market Cap: A$363M

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