TG Metals Limited (ASX:TG6)

ALERT: Price-sensitive ASX Announcement for TG6

Current share price for TG6 : $0.200 0.015 (8.11%)⁺

Announcement

Maiden Lithium Resource lays foundation for first production

Release

18 Aug 2026 9:00AM

Price at Release

$0.185

Full Release

Summary

TG Metals Limited has announced a Maiden Mineral Resource Estimate (MRE) for its Burmeister spodumene lithium deposit in the Lake Johnston Project, Western Australia. The MRE amounts to 6.7 million tonnes at 1.2% Li2O, targeting the Direct Shipping Ore (DSO) market. The project shows significant growth potential with an additional exploration target of 11 to 14.5 million tonnes at 0.9% to 1.2% Li2O. Burmeister is the largest known lithium deposit in the region, comparable to its peers and strategically positioned near operating lithium mines and the Esperance Port. Key developments include a Mining Lease application for the deposit and metallurgical testing confirming the production of a high-grade spodumene concentrate suitable for DSO. TG Metals is actively engaging with third parties to progress towards first production.

Key Points

Maiden Mineral Resource Estimate (MRE) of 6.7Mt at 1.2% Li2O announced for Burmeister deposit.
Focus on material suitable for Direct Shipping Ore (DSO) market.
Potential resource growth with additional 11Mt to 14.5Mt Exploration Target at 0.9% to 1.2% Li2O for Q3 2026.
Burmeister is the largest known lithium deposit in the Lake Johnston belt.
Strategically located near three operating lithium mines and Esperance Port.
Mining Lease application for Burmeister Deposit submitted and progressing.
Metallurgical testwork confirms potential for 1.5% Li2O DSO product via ore sorting.
Engagement with third parties to progress towards first production.

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.