TG Metals Confirms 0.9 g/t Gold Grade in 60,000 Tonnes of Van Uden Stockpiles
TG Metals Limited has confirmed promising gold grades from drilling at the Van Uden Project’s historical stockpiles, paving the way for imminent processing and near-term cash flow generation.
- Drilling assays confirm average gold grades of 0.8 to 1.0 g/t Au in Tasman stockpiles
- Total stockpile tonnage exceeds 60,000 tonnes with pending results for Dieman stockpiles
- Metallurgical testwork nearing completion to support third-party toll milling agreements
- Mining approvals secured enabling earthworks and stockpile treatment to commence
- Stockpile processing represents initial phase of a larger gold mining operation
Strategic Opportunity from Historical Stockpiles
TG Metals Limited (ASX, TG6) has provided a significant update on its Van Uden Gold Project in Western Australia, revealing encouraging assay results from drilling of historical mining stockpiles. The company’s recent sonic core drilling has confirmed gold grades averaging between 0.8 and 1.0 grams per tonne across two Tasman stockpiles, totaling nearly 43,000 tonnes. These results validate the potential for near-term cash flow by processing existing stockpiled material rather than relying solely on new mining.
Pending Assays and Metallurgical Progress
While assays from the Tasman stockpiles have been largely received, results from the Dieman stockpiles, comprising approximately 17,700 tonnes, are expected imminently. Concurrently, metallurgical testwork aimed at determining optimal processing methods is approaching completion. This testwork is critical for finalising toll milling agreements with third-party operators, a key step in enabling efficient ore treatment without the need for immediate capital-intensive infrastructure.
Regulatory Approvals and Operational Readiness
Importantly, TG Metals has secured mining approvals from the Western Australian government to commence removal and treatment of the stockpiles. With these permissions in place and processing agreements nearing finalisation, the company is poised to initiate earthworks and ore processing shortly. This phase represents a strategic first step, unlocking value from historical mining activities while laying the groundwork for a larger-scale mining operation leveraging the project’s substantial gold resources.
Context within the Forrestania Greenstone Belt
The Van Uden Project is situated within the prolific Forrestania Greenstone Belt, a region known for structurally controlled gold mineralisation. TG Metals’ holdings include granted exploration licences and mining leases, with proximity to established gold and lithium operations. The company’s approach to reprocessing historical stockpiles reflects a pragmatic strategy to generate early revenue streams and validate resource potential ahead of broader development.
Looking Ahead
CEO David Selfe emphasised the significance of these developments, noting that the stockpile treatment approval marks a pivotal milestone towards realising gold production from Van Uden. As assay results for the Dieman stockpiles and metallurgical findings are finalised, TG Metals will be better positioned to refine its operational plans and potentially scale up mining activities.
Bottom Line?
With approvals secured and key assay results confirming value, TG Metals is set to transform historical stockpiles into a catalyst for growth at Van Uden.
Questions in the middle?
- What will the final assay results from the Dieman stockpiles reveal about overall grade and tonnage?
- How will metallurgical testwork outcomes influence toll milling agreements and processing costs?
- What timeline does TG Metals envision for transitioning from stockpile treatment to full-scale mining operations?
