TG Metals progresses near-term cash flow opportunities at Van Uden

• TG6’s drilling of historical stockpiles and surface mineralisation at Van Uden could point to near-term cashflow potential

• Surface laterite mineralisation of 12,496t at 2.55g/t gold identified within existing resource

• Discussions advancing with third parties on toll treatment agreements

Special Report: Drilling of historical stockpiles and surface mineralisation at TG Metals’ Van Uden gold project in WA is progressing the definition of near-term cash flow opportunities.

TG Metals (ASX:TG6) had last estimated inferred and indicated resources for Van Uden at 6.35Mt at 1.15g/t for 227,140oz of contained gold in early June 2025.

The surface laterite mineralisation provides an additional near-term opportunity for third-party mill feed while approval has already been secured for the removal of the stockpiles for toll treatment.

Adding interest, the company’s resource model also identifies exposed tonnages at the base of the historical Tasman open pit.

“We are making accelerated progress at Van Uden with the evaluation of historical stockpiles for third-party treatment and interrogation of the resource model showing low to no waste removal required for in-ground opportunities, such as the high-grade laterite and base of the Tasman pit,” chief executive officer David Selfe said.

“The approval for the Tasman in-pit drilling enhances the opportunities for higher-grade, near-term cash flow opportunities. 

“We are also advanced with resource infill and extensional drill planning, with further POWs to be lodged shortly for these campaigns.”

Van Uden project

The Van Uden project consists of four granted mining licences, three granted exploration licences, two miscellaneous licences and two exploration licence applications within the Forrestania portion of the Southern Cross-Forrestania Greenstone Belt – a NNW trending crustal domain that extends more than 300km.

It covers a 2.5km long section of the 54km long Van Uden shear zone that hosts other notable gold deposits such as Teddy Bear to the north and Bad Bat East to the south.

The project also lies to the west of the Mt Holland lithium mine, south of the operating Marvel Loch gold plant and southeast of the Edna May gold plant.

There is no doubt that Van Uden is gold-bearing given that it has historical production of 11,142oz of gold from the Tasman and Diemens open pits as well as surface laterites.

Looking ahead, TG6 is preparing to carry out drilling at the base of the Tasman pit to test exposed remnant in-pit mineralisation.

Discussions are also underway with third parties in relation to toll treatment.

A toll treatment agreement will allow the company to start removing historical stockpile material for processing.

This article was developed in collaboration with TG Metals, a Stockhead advertiser at the time of publishing. 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.