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Tungsten Mining NL (ASX:TGN)

ALERT: Price-sensitive ASX Announcement for TGN
Current share price for TGN : $0.215 0.118 (121.65%)+
Announcement
Release
27 Oct 2025 8:23AM
Price at Release
$0.097
Full Release
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Summary
Tungsten Mining NL is advancing the development of its significant Mt Mulgine tungsten project in Western Australia by identifying new gold exploration targets. The company has conducted a review of both company and historic drilling, leading to the definition of shallow gold exploration targets at the Mulgine Trench, Allentown, and Monza prospects. These new targets aim to complement the existing gold Mineral Resource Estimate for the Camp, Black Dog, and Bobby McGee prospects, with a new exploration target of 1.5 to 2.0 million tonnes at a grade of 0.9 to 1.4 g/t Au, equating to 44 to 87 thousand ounces of gold. The findings are expected to add value to the company's tungsten development strategy and will be incorporated into a forthcoming scoping study. The company has announced significant gold mineralisation in its projects, emphasizing the potential to increase the Mt Mulgine gold inventory as part of an overall strategy to strengthen the Mt Mulgine development pathway.
Key Points
  • Mt Mulgine development strengthened by new gold exploration targets.
  • Exploration target size is estimated at 1.5 to 2.0 Mt at a grade of 0.9 to 1.4 g/t Au.
  • New targets build on a gold Mineral Resource Estimate of 1.9 Mt @ 1.10 g/t Au.
  • High-grade gold intersections reported at Monza Prospect and other areas.
  • Drilling identified significant gold mineralisation in Mulgine Trench, Allentown, and Monza prospects.
  • The results will contribute to the scoping study for the Mt Mulgine tungsten project.
  • Tungsten Mining aims to add value to its tungsten development strategy through these gold targets.
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.