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TG Metals Limited (ASX:TG6)
ALERT: Price-sensitive ASX Announcement for TG6
Current share price for TG6 : $0.190 -0.025 (-11.63%)+
Announcement
Release
19 May 2026 9:06AM
Price at Release
$0.215
Full Release
Summary
TG Metals Limited is advancing its Lake Johnston Lithium Project in Western Australia as market conditions for lithium have improved. The company is focusing on the Burmeister deposit, working on mining and infrastructure lease applications and planning comprehensive resource drilling to define the deposit further. An exploration target of 15.6 to 20.1 million tonnes at 0.97% to 1.19% Li2O has been identified, with drilling showing promising lithium oxide intercepts. The project benefits from proximity to infrastructure and several lithium processing plants. TG Metals is also pursuing patent approval for its metallurgical processes and exploring commercial opportunities in waste stream materials.
Key Points
- Improved lithium market sentiment enables Lake Johnston Project progress
- Burmeister deposit targeted for mining lease and infrastructure applications
- Significant lithium oxide intercepts found in recent drilling
- Exploration target of 15.6-20.1 Mt at 0.97-1.19% Li2O
- Strategic location near infrastructure and processing facilities
- Patent application for metallurgical processes in progress
- Potential commercial opportunities in waste stream materials
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.
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