InvestSMART

TG Metals Limited (ASX:TG6)

ALERT: Price-sensitive ASX Announcement for TG6
Current share price for TG6 : $0.190 -0.05 (-20.83%)+
Announcement
Release
14 May 2026 9:03AM
Price at Release
$0.240
Full Release
download
Summary
TG Metals Limited has announced exceptional results from column leach metallurgical testwork at their Van Uden Gold Project, with gold recoveries exceeding 90% over a 52-day leaching period. The project is set to utilize 1.05 million tonnes of Laterite resources in an onsite heap leach operation, with further 1.85 million tonnes of transition material potentially amenable to the same process. The company is accelerating the project startup, with a mining proposal to be lodged imminently and mining contractor engagement already underway. A final investment decision is expected by Q3 2026. These developments suggest a significant upside for the project with low mining costs, zero transport costs, and high recovery rates, positioning TG Metals for favorable outcomes using heap leaching at the Van Uden site.
Key Points
  • Gold recoveries exceeded 90% over 52 days.
  • 1.05 million tonnes of Laterite resources targeted for heap leach.
  • Potential for 1.85 million tonnes of transition material for heap leach.
  • Mining proposal and contractor engagements underway.
  • Final investment decision expected by Q3 2026.
  • Project aims for low mining and zero transport costs.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.