InvestSMART

TG Metals Limited (ASX:TG6)

ALERT: Price-sensitive ASX Announcement for TG6
Current share price for TG6 : $0.230 0.04 (21.05%)+
Announcement
Release
15 Jun 2026 9:13AM
Price at Release
$0.190
Full Release
download
Summary
TG Metals Limited announced that recent drilling has extended the mineralisation at the Van Uden Gold Project by an additional 1.8km, totaling 4.3km along the Van Uden shear. Significant gold mineralisation was discovered, including a notable intercept of 6m at 5.57 g/t Au. The project, located in Western Australia, is advancing towards a heap leach operation to capitalize on the current laterite resource, which promises a near-term cashflow opportunity with high recovery rates. The company is focusing on both infill drilling and exploration of southern extensions beyond the existing mineral resource estimate. Owned mostly by TG Metals through its subsidiary, the project also supports ongoing assessments of depth extensions and potential new laterite resources. The announcement also highlights TG Metals' exploration endeavors at the Lake Johnston Project, notably for lithium.
Key Points
  • TG Metals Limited announced that drilling has extended the Van Uden Gold Project's mineralisation by an additional 1.8km, bringing the total to 4.3km.
  • The drilling results revealed significant gold intercepts, including 6m at 5.57 g/t Au.
  • The Van Uden shear continues along the strike of at least 4.3km, indicating resource growth potential.
  • The Van Uden project is situated in Western Australia and includes past producing gold mines.
  • The current laterite resource supports a near-term cashflow opportunity from a heap leach operation with over 90% recovery rates.
  • TG Metals Limited holds 80% ownership of the Van Uden project through its subsidiary TG Gold Pty Ltd.
  • Drilling is focused on exploring extensions south of the existing mineral resource estimate (MRE) as well as infill drilling.
  • The company plans to further test depth extensions and explore additional laterite resources.
  • A heap leach study is ongoing with results expected by the end of June.
  • TG Metals is also involved in lithium exploration at the Lake Johnston Project.
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.