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Tungsten Mining NL (ASX:TGN)

ALERT: Price-sensitive ASX Announcement for TGN
Current share price for TGN : $0.230 0.133 (137.11%)+
Announcement
Release
6 Nov 2025 9:34AM
Price at Release
$0.097
Full Release
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Summary
Tungsten Mining NL is focused on advancing the Mt Mulgine project in Western Australia, a significant asset with one of the largest undeveloped tungsten and molybdenum inventories globally. The Pre-Feasibility Study will include process engineering, plant design, and mining studies to optimize the resource's potential. Strategic metals like tungsten and molybdenum cater to critical industrial and defense applications, positioning Mt Mulgine as a key supplier. Financial projections indicate robust pre-tax NPV and IRR under different scenarios, while testwork supports tungsten recovery through gravity and flotation. The project also aims to validate additional gold resources identified at the Mulgine Trench.
Key Points
  • Tungsten Mining NL plans to advance the Mt Mulgine project into Pre-Feasibility.
  • The project focuses on tungsten and molybdenum, positioned in a low-risk mining jurisdiction in Western Australia.
  • Key workstreams include process engineering, plant design, mining studies, and metallurgical testwork.
  • The project is expected to become a significant supplier of strategic metals essential to global supply chain security.
  • Pre-tax NPV and IRR were evaluated under various scenarios, indicating strong financial outcomes.
  • Testwork results support the recovery of tungsten through gravity and flotation methods.
  • Exploration has identified significant gold mineralization at the Mulgine Trench.
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.