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Tungsten Mining NL ( (AU:TGN) ) just unveiled an announcement.
Tungsten Mining NL has outlined a major reverse circulation drilling program at its Watershed tungsten deposit, planning 175 holes for 15,000 metres starting in June 2026 to better define shallow, high-grade mineralisation. The work builds on historical feasibility studies and aims to tighten drill spacing in five key near-surface zones, with initial assays expected about six weeks after drilling begins.
Data from the campaign will feed into an ongoing Project Economic Evaluation that runs through the third quarter of 2026 and may support an accelerated development strategy for Watershed. With tungsten prices at record highs and the project already supported by mining leases, environmental approvals and a substantial JORC-compliant resource, the program could enhance resource confidence and strengthen Tungsten Mining’s position to move toward early project development, pending board decisions and study outcomes.
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 Watershed project located in a mining-friendly region north of Cairns. The company targets high-grade tungsten resources to supply global markets amid strong prices for this critical industrial metal.
Average Trading Volume: 3,696,680
Technical Sentiment Signal: Buy
Current Market Cap: A$370M
See more data about TGN stock on TipRanks’ Stock Analysis page.