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Tungsten Mining NL (ASX:TGN)

ALERT: Price-sensitive ASX Announcement for TGN
Current share price for TGN : $0.200 -0.005 (-2.44%)+
Announcement
Release
11 Aug 2026 8:16AM
Price at Release
$0.205
Full Release
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Summary
Tungsten Mining NL has commenced a major drilling program at its 100% owned Watershed Tungsten Project in Queensland. The program includes reverse circulation (RC) and diamond drilling, designed to enhance confidence in areas targeted for initial mining, following strong Preliminary Economic Evaluation outcomes announced in June 2026. The RC program consists of 175 holes over 15,000 metres to improve geological confidence in high-grade mineralisation zones. The diamond drilling involves 75 holes for 5,700 metres, aimed at collecting metallurgical and geotechnical data for detailed mine planning and design. Initial drilling results are expected by October 2026, supporting updates to the Mineral Resource model and mine design. The Watershed project, located north of Cairns, is on granted Mining Leases with an existing Environmental Authority for open-pit development.
Key Points
  • Major drilling program commenced at Watershed Tungsten Project.
  • 175 RC holes and 75 diamond holes planned to enhance geological confidence.
  • Drilling to support updates in Mineral Resource model and mine design.
  • Watershed project situated north of Cairns with open-pit development authority.
  • Initial results from the drilling expected in October 2026.
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.