InvestSMART

TG Metals Limited (ASX:TG6)

ALERT: Price-sensitive ASX Announcement for TG6
Current share price for TG6 : $0.235 0.055 (30.56%)+
Announcement
Release
22 Jul 2026 8:22AM
Price at Release
$0.180
Full Release
download
Summary
Medallion Metals Limited has entered a non-binding Ore Processing and Profit Share Term Sheet with TG Metals Limited to process approximately 60,000 dry metric tonnes of gold-bearing stockpiles from TG Metals' Van Uden Gold Project through the Cosmic Boy Concentrator. The pre-tax operating profits from this arrangement will be shared equally between the two companies, with Medallion recouping capital and operating costs prior to profit sharing. The processing is contingent upon due diligence and necessary approvals, with no expected impact on Medallion's Ravensthorpe Gold Project timeline. If successful, this partnership will expand Medallion's processing feed sources and provide TG Metals a pathway to monetise its gold reserves.
Key Points
  • Non-binding Ore Processing and Profit Share Term Sheet executed between Medallion Metals Limited and TG Metals Limited.
  • Processing approximately 60,000 dry metric tonnes of gold-bearing stockpiles from TG Metals' Van Uden Gold Project through Cosmic Boy Concentrator.
  • Pre-tax operating profits to be shared 50:50 between Medallion Metals and TG Metals.
  • Medallion will recover capital charges and operating costs before profit sharing.
  • The Term Sheet includes provisions for provisional payments and final reconciliation based on actual costs and gold sales proceeds.
  • Medallion responsible for recovery, transport, and processing of stockpiles; TG Metals responsible for royalties.
  • Ore processing expected to start after due diligence and necessary approvals.
  • No impact expected on Medallion's Ravensthorpe Gold Project schedule.
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.