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An update from Tungsten Mining NL ( (AU:TGN) ) is now available.
Tungsten Mining NL has announced an updated Indicated and Inferred Mineral Resource Estimate for gold at its Mt. Mulgine Project, totaling 1.9 million tonnes at 1.10 g/t Au for 67,500 ounces. This development strengthens the company’s integrated gold-tungsten strategy, aiming to optimize near-term gold revenue to support the larger-scale tungsten development. The announcement highlights the potential for significant economic benefits from current high gold and tungsten prices, positioning the company to capture long-term value in the global tungsten market.
More about Tungsten Mining NL
Tungsten Mining NL is an Australian company focused on the development of tungsten resources. The company is engaged in the exploration and development of the Mt. Mulgine Project located in Western Australia’s Murchison Region, which includes significant tungsten and gold resources. Their primary market focus is on leveraging the integrated development of gold and tungsten to capitalize on favorable market conditions.
Average Trading Volume: 227,996
Technical Sentiment Signal: Sell
Current Market Cap: A$74.57M
For detailed information about TGN stock, go to TipRanks’ Stock Analysis page.