TG Metals Confirms High-Grade Laterite and Expands Van Uden Targets

Stockpile Metallurgy Validates Historical Gold Grades

TG Metals Limited has completed a comprehensive testing program on four historical stockpiles from the 1990s at its Van Uden Gold Project in Western Australia. The metallurgical results are encouraging, demonstrating consistent gold recoveries of up to 90.7% using standard carbon-in-leach processing. This confirms the amenability of the stockpiled material to conventional treatment methods and supports potential toll treatment arrangements underway with processing partners.

Drilling Advances Resource Expansion at Van Uden and Gold City

The company has initiated reverse circulation drilling campaigns targeting resource extensions and infill at Van Uden’s Tasman Pit and broader deposit areas, as well as at the Gold City prospect. Early assay highlights include high-grade intercepts such as 30.8 g/t gold over 1 metre and multiple intervals exceeding 4 g/t gold, underscoring the prospectivity of these zones. These drilling programs aim to expand the current Mineral Resource Estimate (MRE) and improve geological confidence for future mine planning.

High-Grade Laterite Discovery Enhances Project Potential

Analysis of the resource model has identified a significant zone of high-grade laterite mineralisation at surface, with inferred resources grading above 2 g/t gold. This laterite zone, historically drilled in the 1990s and early 2000s, offers an opportunity to add oxide material with favourable milling characteristics to the resource base, potentially boosting overall project economics. The company is actively exploring ways to integrate this material into its development plans.

Soil Geochemistry Expands Target Areas

Re-assaying of archived soil samples has extended the strike length of mineralised targets at Van Uden from 2.5 km to 6.5 km, revealing multiple new gold anomalies. Similarly, soil sampling at Gold City has delineated additional gold anomalies beyond historical workings, opening new exploration avenues. Follow-up infill soil sampling programs have commenced to refine these targets ahead of further drilling.

Strong Financial Position Supports Ongoing Exploration

TG Metals closed the quarter with approximately A$2.4 million in cash and secured shareholder approval for an additional A$4 million placement post-quarter. Exploration expenditure during the quarter was A$617,000, predominantly focused on Van Uden. The company maintains a disciplined approach to capital management while advancing its exploration and resource development objectives.