InvestSMART

Tungsten Mining NL (ASX:TGN)

ALERT: Price-sensitive ASX Announcement for TGN
Current share price for TGN : $0.230 -0.03 (-11.54%)+
Announcement
Release
16 Mar 2026 8:14AM
Price at Release
$0.260
Full Release
download
Summary
Tungsten Mining NL has announced a significant RC drilling program at Mt Mulgine, scheduled to commence in early May 2026. This drilling, comprising 140 holes and covering 40,000 meters, aims to test the continuity and depth extensions beyond the 2020 Mineral Resource Estimate (MRE). The program targets an exploration estimate of 165 to 200 million tonnes with grades of 0.10 to 0.12% WO3 and 180 to 220 ppm Mo, potentially adding to the existing resource base and upgrading up to 100 million tonnes to the Indicated category. The project aims to leverage rising tungsten prices and establish Mt Mulgine as a leading tungsten resource globally.
Key Points
  • The Mt Mulgine drilling program will include 140 holes for 40,000 meters of drilling.
  • Drilling is set to begin in early May 2026, with initial assay results expected approximately six weeks later.
  • The program aims to test continuity and extensions beneath the 2020 MRE, targeting additional depths of 80m to 160m.
  • The exploration target includes 165 to 200 million tonnes at 0.10 to 0.12% WO3 and 180 to 220 ppm Mo.
  • Potential to upgrade classification of up to 100 million tonnes into the Indicated category.
  • Opportunity to define Mt Mulgine as one of the largest tungsten resources globally.
  • Tungsten prices have reached record levels, highlighting the strategic importance of developing the Mt Mulgine project.
  • Tungsten Mining aims to contribute to a stable and timely supply of this critical mineral.
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.