TG Metals Eyes Revival of Van Uden Gold Project Following Key Acquisition

April 30, 2025 01:08 AM PDT | By Team Kalkine Media

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TG Metals Eyes Revival of Van Uden Gold Project Following Key Acquisition — Image source: Shutterstock

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Highlights

TG Metals aims to revive the Van Uden Gold Project in WA

Focus on assessing historical stockpiles and resource estimate

Project includes several tenements near Mt Holland Lithium Mine

TG Metals (ASX:TG6) is stepping up efforts to bring the Van Uden Gold Project in Western Australia back to life after securing an 80% stake in the site through a recent acquisition from privately-owned Montague Resources. This strategic move strengthens TG Metals’ position in the Forrestania Greenstone Belt, a region renowned for its mineral potential.

The acquisition deal, signed in March 2025, leaves Barto Gold with a 20% stake in the Van Uden asset. Located near the prominent Mt Holland Lithium Mine, the Van Uden project encompasses a robust landholding that includes four granted mining leases, three granted exploration licences, two miscellaneous licences, and two additional exploration licences.

With a market capitalisation of $8.94 million, TG Metals is now focused on advancing the project towards potential production. The company has appointed geological consultants to re-evaluate and update the project's existing resource estimate to align with JORC-2012 standards. The updated estimate is expected to be finalised by May 2025 and will serve as the foundation for preliminary mining studies.

The company is also targeting near-term opportunities by investigating gold stockpiles from historical operations. The Tasman and Dieman open pits at Van Uden were previously mined during the early 1990s and again between 1998 and 2001, a period marked by subdued gold prices. With gold currently priced at around $5,200.87 per ounce, TG Metals sees renewed potential in reclaiming and processing these stockpiles.

To support this initiative, TG has submitted a Program of Works (PoW) that includes a drilling campaign and a LiDAR (light detection and ranging) survey. The drilling aims to assess the gold grades within the old stockpiles, while the LiDAR survey will provide precise volume measurements. These findings will help the company in preparing future mining and processing proposals, potentially involving third-party gold plants.

This renewed momentum at Van Uden places TG Metals in a favourable position within the Australian gold exploration landscape. As resource interest remains strong, particularly among those tracking the performance of ASX200 companies and reliable ASX dividend stocks, TG Metals’ progress may attract greater attention in the coming months.

With a clear strategy and technical groundwork underway, the company appears poised to unlock value from a historically underutilised asset.

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