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The latest announcement is out from Tungsten Mining NL ( (AU:TGN) ).
Tungsten Mining NL reported a highly active December 2025 quarter, underpinned by a sharp rise in ammonium paratungstate (APT) prices of about 300% over 12 months, driven by Chinese export restrictions and tightening global supply. The company completed an integrated scoping study for its Mt Mulgine Project, indicating a robust, long-life, multi-commodity development with attractive economics, including a pre-tax NPV of A$1.0–1.4 billion and an IRR of 30–45%, and immediately moved into a pre-feasibility study. A new exploration target at Mulgine Trench, additional to existing resources, suggests the potential to elevate the project to one of the largest contained tungsten assets in the Western world, while a new gold mineral resource estimate of 67,500 ounces further supports the overall development strategy. Tungsten Mining is also evaluating early production options at its Hatches Creek and Watershed projects, strengthened its board and technical team in metallurgy, project management and ESG, completed a heavily oversubscribed A$53 million placement, and secured an OTCQB listing following a U.S. investor roadshow, collectively bolstering its financial and strategic position amid a structurally tightening tungsten market.
The most recent analyst rating on (AU:TGN) stock is a Hold with a A$0.31 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 and associated critical minerals, with its flagship Mt Mulgine Project positioned as a large-scale, multi-commodity asset. The company is also advancing the Hatches Creek and Watershed projects and has expanded its capital markets presence with a listing on the U.S. OTCQB market, targeting institutional and professional investors interested in critical minerals exposure.
Average Trading Volume: 1,826,506
Technical Sentiment Signal: Buy
Current Market Cap: A$329.6M
Learn more about TGN stock on TipRanks’ Stock Analysis page.