TG Metals Limited’s Van Uden Drilling Delivers 0.9g/t Gold Yield from 60,654 Tonnes of Historical Stockpiles, Paving the Way for Near-Term Cash Flow and Future Expansion

Wednesday, July 30, 2025
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9:27 am
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TG Metals Limited reveals promising drill outcomes at its Van Uden Gold Project, confirming solid gold grades from historical stockpiles. With government-approved stockpile removal and forthcoming metallurgical results, initial production is poised to unlock near-term cash flow and expand overall operations.

TG Metals Limited has advanced its Van Uden Gold Project with encouraging developments centered on historic stockpiles. Recent drilling results from the Tasman stockpiles, obtained using 4” Sonic Core drilling over a modified 10 m x 10 m grid pattern, have delivered assay outcomes that confirm the historical gold grades. The drill program has generated 42,933 tonnes from the Tasman stockpiles with a weighted average grade of approximately 0.90 g/t gold, while pending assays from the Dieman stockpiles – comprising an additional 17,721 tonnes – are expected to reinforce these findings imminently. The company is finalizing metallurgical testwork that is crucial for initiating discussions with third-party mill operators, with results anticipated in early August. This technical work supports the recently approved Small Mining Proposal by the Western Australian government, signaling that groundworks can soon commence once toll treatment or ore purchase agreements are secured. CEO David Selfe emphasized that these steps are not only in line with historical data from the mining records but also set the stage for leveraging near-term cash flow opportunities from the revival of well-documented stockpiled material. Technical details from the drilling activity indicate that the average gold grades range between 0.8 g/t and 1.0 g/t, underpinning expectations for first gold production from these historical dumps. The approach has incorporated careful mass-weighted averaging to account for variations in core recovery and stockpile compaction, ensuring a reliable assessment of the material’s potential. This development represents the commencement of a broader mining strategy underpinned by a substantial resource base in the region. From a market sentiment perspective, the positive assay results, combined with regulatory approval and procedural progress, contribute to a bullish outlook, suggesting that TG Metals Limited is well positioned to translate historical assets into new revenue streams. However, uncertainties remain regarding the pending assay data from the Dieman stockpiles and the final terms of processing agreements, factors that could temper investor enthusiasm if delays or technical issues arise. The progress at Van Uden has clear potential to enhance near-term production prospects, but the successful execution of subsequent metallurgical and contractual milestones will be key to realizing the project’s full value.

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