TG Metals (ASX:TG6) intends to progress the Van Uden Gold Project in Western Australia after acquiring the 80% interest in the asset from privately held Montague Resources.
In March 2025, TG signed a sale and purchase agreement with Montague to acquire 80% of Van Uden, which is located on the Forrestania Greenstone Belt. Privately held Barto Gold retains a 20% interest in the project.
TG, which has a market capitalisation of $8.94 million, has engaged consultants to review and restate the resource estimate to JORC-2012 compliance for the project. The resource estimate is expected to be completed next month and will form the basis for initial mining studies.
The company notes there is an extensive drilling database for Van Uden over a strike length exceeding 2.5km.
An immediate priority for TG is assessing the stockpiles from previous mining of the Tasman and Dieman open pits on the Van Uden Gold Project. These pits were mined in 1993 and between 1998 and 2001 during a period of low gold prices.
At the time of writing, the gold price sat at $5,200.87 per ounce, according to ABC Bullion.
TG says to assess the opportunity to reclaim the stockpiles for potential processing at a third-party gold plant, the company has submitted a program of works for drilling and a light detection and ranging (LiDAR) survey.
The drilling program will determine the gold grade, while the LiDAR survey will determine accurate stockpile volumes and support preparing future mining proposals.
Van Uden – which comprises four granted mining leases, three granted exploration licences, two miscellaneous licences and two exploration licences – lies to the west of the Mt Holland Lithium Mine.
The company will be attending the RIU Sydney Resources Round-up being held from 6-8 May. Mining.com.au is an official media partner at this year’s event.
Write to Aaliyah Rogan at Mining.com.au
Images: TG Metals
