TG Metals Limited Unlocks Near-Term Cash Flow Potential at Van Uden Gold Project with 60,000-Tonne Stockpile and High-Grade Laterite Discovery

Wednesday, August 20, 2025
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9:11 am
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TG Metals Limited is advancing its Van Uden Gold Project with encouraging exploration results, including promising drilling data from historic stockpiles and high-grade laterite. These findings boost near-term cash flow potential through third-party processing as the company gears up for further drilling and exploration initiatives.

TG Metals Limited has announced encouraging progress at its Van Uden Gold Project in Western Australia as it refines near-term mining opportunities. The project, which hosts an inferred and indicated gold resource of approximately 227,000 ounces on four granted mining leases, is now focused on capitalizing on historical stockpiles and exposed surface mineralisation. Recent assay results from four historical stockpiles indicate that around 60,232 tonnes of material averaging 0.84 grams per tonne gold have been identified. In addition, high‐grade laterite zones in the same area have been sampled, yielding 12,496 tonnes at 2.55 grams per tonne gold—offering an extra near-term feed source for third-party processing facilities. The technical work supporting these findings is comprehensive. Drilling using a 4-inch sonic core method was conducted on the stockpiles with retrieval at roughly 1‑meter intervals to maximise sample recovery and reduce nugget effects. The company has also initiated a programme of grade control drilling in the historic Tasman open pit, where the resource model indicates potential for an additional 26,675 tonnes at approximately 1.6 grams per tonne gold. Preparations for drill rig access are already underway as the company awaits treatment agreements that would enable immediate processing of the material once approvals for stockpile removal are finalised. TG Metals is progressing with resource infill, extension drill planning, and further programme of works submissions. The study details various technical aspects including the use of different bulking factors for estimating tonnages, a key parameter in assessing the physical state of historically compacted stockpiles. With the project strategically located near operating gold plants and in close proximity to other processing facilities, the company is positioning itself to generate near-term cash flow from existing, low-obstruction deposits. Bullish sentiment centers on the robust drill assay results, the identification of higher-grade material in a well-established mining region, and the potential for minimal waste material in in-ground opportunities. The ongoing discussions with third-party processors and the strategic location of the project near processing facilities further support the potential for accelerated cash flow. On the other hand, bearish viewpoints may stress the risks inherent in relying on historical stockpile material, potential delays in negotiating toll treatment agreements, and uncertainties in commodity price movements. These factors highlight that while the near-term prospects are promising, project execution and market conditions remain critical variables for TG Metals Limited.

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