What is the story about?
What's Happening?
TG Metals has completed a metallurgical testwork program for the Van Uden Gold Project in Western Australia. The testwork showed gold recoveries of up to 90.7%, with gravity gold recoveries between 13% and 22.5%. CEO David Selfe confirmed the positive metallurgical characteristics of the stockpile ore, which will be treated at a standard carbon-in-leach processing plant.
Why It's Important?
The successful testwork results are crucial for TG Metals as they provide a pathway for processing the stockpile ore and potentially larger resources at Van Uden. This could lead to increased production and profitability for the company, enhancing its position in the gold mining sector. The results also support the feasibility of future expansion and development of the project, contributing to the economic growth of the region.
What's Next?
TG Metals plans further optimization testwork to improve gold recoveries and is preparing for additional drilling campaigns. The company is also seeking treatment agreements with third-party facilities to process the stockpiles. Results from ongoing drilling are expected later in October 2025, which will inform future development strategies.
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