Drilling to Expand Near Term Gold Production Opportunity
Released
Released
Announcement PDF
ASX ANNOUNCEMENT
RELEASED 17 SEPTEMBER 2026
1. See Appendix A - Van Uden Mineral Resource
LATERITE RESOURCE GROWTH DRILLING TO
COMMENCE AT VAN UDEN
Focus On Expanding Near Term, Low Cost Production Opportunity
Highlights
■ A shallow aircore drilling program is about to commence targeting extensions of
the at surface laterite hosted gold resource at the Van Uden Gold Project.
■ The current laterite Resource at Van Uden stands at 1Mt @ 0.52g/t for 17,700 oz
Au1
with recent testing returning outstanding 90%+ recoveries via simple heap
leach
■ The Company is in the process of finalising a scoping study to outline the financial
metrics on the heap leach opportunity, which is expected to be released shortly
■ The drilling program is designed to define additional laterite resource tonnes to
increase the scale and mine life of the proposed laterite heap leach opportunity
■ Drilling is targeting an area of confirmed gold mineralisation from recent auger
drilling that is approximately the same size footprint that hosts the existing Laterite
Resource1
TG Metals Limited (TG Metals or the Company) (ASX:TG6) is pleased to provide an update
on operational activities at the Van Uden Gold Project (Van Uden or the Project).
An aircore drill rig is mobilising to site (Figure 1) and will commence drilling on the Van Uden
laterite extensional targets. A total of 689 vertical drillholes are planned, totaling approximately
4,150m with ability to expand the program if needed. See Figure 2 for the target locations.
The drilling program will be conducted over 21 to 28 days, testing gold bearing laterite which
has previously been tested with auger drilling (ASX Announcement 9 July 2026).
TG Metals CEO, Mr. David Selfe stated;
“With the Scoping Study on the Van Uden heap leach being finalised, this next phase of drilling
will aim to substantially increase the laterite resource and expand the life of the proposed heap
leach. Combining on-site heap leach processing with off-site Ore Purchase agreements for the
bulk of the defined resource, will enable the Company to realise the full potential of the Van
Uden gold project whilst deploying low capital expenditure development.”
A Landcruiser mounted drill rig and Morooka tracked support vehicle will be deployed to
reduce ground disturbance. The short depth of the planned drillholes, approximately 6m, will
be suited to the aircore drill rigs’ capability. Drilling results will go directly into resource
modelling with the aim of potentially doubling current laterite resources1 as indicated by the
ASX ANNOUNCEMENT I RELEASED 17 SEPTEMBER 2026
________________________________________________________________
2
TG METALS LTD
ASX TG6
ABN 40 644 621 830
Level 2, Suite 3
28 Ord Street
West Perth WA 6005
T: +61 8 6211 5099
W: www.tgmetals.com.au
drill target footprint shown in Figure 2 being of similar size to the existing laterite resource
footprint which forms the basis of the current Scoping Study.
Early-stage discussions have commenced for non-dilutive financing solutions to fund potential
capital costs associated with the Van Uden Heap Leach Project. There is no certainty these
discussions will result in a binding agreement.
Figure 1 – Toyota Mounted drill rig and Marooka support Rig
ASX ANNOUNCEMENT I RELEASED 17 SEPTEMBER 2026
________________________________________________________________
3
TG METALS LTD
ASX TG6
ABN 40 644 621 830
Level 2, Suite 3
28 Ord Street
West Perth WA 6005
T: +61 8 6211 5099
W: www.tgmetals.com.au
Figure 2 – Laterite drilling targets, confirmed by Auger drilling to be resource drilled with aircore drilling
ASX ANNOUNCEMENT I RELEASED 17 SEPTEMBER 2026
________________________________________________________________
4
TG METALS LTD
ASX TG6
ABN 40 644 621 830
Level 2, Suite 3
28 Ord Street
West Perth WA 6005
T: +61 8 6211 5099
W: www.tgmetals.com.au
Next Steps
Drill crew will mobilise to site and commence drilling on the laterite targets with samples collected
every metre downhole.
Samples will be assayed by the Photon method and results feeding into an update of the Mineral
Resource Estimate, specifically the Laterite material type.
Further Flora and Fauna will be completed this spring to advance the proposed Heap Leach
project.
Finalisation of a definitive Ore Purchase and Profit Share agreement is advancing.
Finalisation of the Scoping Study into gold Heap Leaching of the Laterite.
Diamond drill core drilling at the Burmeister deposit, Lake Johnston lithium project, to conclude
in September.
ASX ANNOUNCEMENT I RELEASED 17 SEPTEMBER 2026
________________________________________________________________
5
TG METALS LTD
ASX TG6
ABN 40 644 621 830
Level 2, Suite 3
28 Ord Street
West Perth WA 6005
T: +61 8 6211 5099
W: www.tgmetals.com.au
About TG Metals
TG Metals is an ASX listed company focused on exploring and developing gold and lithium assets at its
wholly owned Lake Johnston Project and 80% owned Van Uden Gold Project in the stable jurisdiction of
Western Australia, Figure 3. The Lake Johnston Project hosts the Burmeister high grade lithium deposit,
Jaegermeister lithium pegmatites and several surrounding lithium prospects. Burmeister is in proximity
to four lithium processing plants and undeveloped deposits. The Van Uden Gold Project contains past
producing gold mines and is in proximity to operating gold processing Plants.
Figure 3 – TG Metals Limited Gold and Lithium Projects
Authorised for release by TG Metals Board of Directors.
Contact Investor Relations
Mr David Selfe Evy Litopoulous
Chief Executive Officer ResolveIR
Email: info@tgmetals.com.au Email: evy@resolveir.com
ASX ANNOUNCEMENT I RELEASED 17 SEPTEMBER 2026
________________________________________________________________
6
TG METALS LTD
ASX TG6
ABN 40 644 621 830
Level 2, Suite 3
28 Ord Street
West Perth WA 6005
T: +61 8 6211 5099
W: www.tgmetals.com.au
Competent Person Statement
The information in this report that relates to Mineral Resources is based on information compiled by Mr
Lynn Widenbar, a Competent Person who is a Fellow of the Australasian Institute of Mining and
Metallurgy. Mr Widenbar is a full-time employee of Widenbar and Associates Pty Ltd. Mr Widenbar has
sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration
and to the activity that is being undertaken to qualify as a Competent Person as defined in the 2012
Edition of the ‘Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore
Reserves’. Mr Widenbar consents to the inclusion in the report of the matters based on his information
in the form and context that the information appears.
Information in this announcement that relates to exploration results, exploration strategy, geology, drilling
and mineralisation is based on information compiled by Mr David Selfe who is a Fellow of the Australasian
Institute of Mining and Metallurgy. Mr Selfe has sufficient experience that is relevant to the style of
mineralisation and type of deposit under consideration and to the activities that he is undertaking to
qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves. Mr Selfe has consented to the inclusion in
this presentation of matters based on their information in the form and context in which it appears.
Forward Looking Statements
This announcement may contain certain statements that may constitute “forward looking statements”.
Such statements are only predictions and are subject to inherent risks and uncertainties, which could
cause actual values, results, performance achievements to differ materially from those expressed,
implied or projected in any forward looking statements.
Forward-looking statements are statements that are not historical facts. Words such as “expect(s)”,
“feel(s)”, “believe(s)”, “will”, “may”, “anticipate(s)” and similar expressions are intended to identify forward-
looking statements. These statements include, but are not limited to statements regarding future
production, resources or reserves and exploration results. All such statements are subject to certain risks
and uncertainties, many of which are difficult to predict and generally beyond the control of the Company,
that could cause actual results to differ materially from those expressed in, or implied or projected by,
the forward-looking information and statements. These risks and uncertainties include, but are not limited
to: (i) those relating to the interpretation of drill results, the geology, grade and continuity of mineral
deposits and conclusions of economic evaluations, (ii) risks relating to possible variations in reserves,
grade, planned mining dilution and ore loss, or recovery rates and changes in project parameters as
plans continue to be refined, (iii) the potential for delays in exploration or development activities or the
completion of feasibility studies, (iv) risks related to commodity price and foreign exchange rate
fluctuations, (v) risks related to failure to obtain adequate financing on a timely basis and on acceptable
terms or delays in obtaining governmental approvals or in the completion of development or construction
activities, and (vi) other risks and uncertainties related to the Company’s prospects, properties and
business strategy. Our audience is cautioned not to place undue reliance on these forward-looking
statements that speak only as of the date hereof, and we do not undertake any obligation to revise and
disseminate forward-looking statements to reflect events or circumstances after the date hereof, or to
reflect the occurrence of or non-occurrence of any events.
The Company believes that it has a reasonable basis for making the forward-looking Statements in the
announcement based on the information contained in this and previous ASX announcements.
The Company is not aware of any new information or data that materially affects the information included
in this ASX release, and the Company confirms that, to the best of its knowledge, all material assumptions
and technical parameters underpinning the exploration results in this release continue to apply and have
not materially changed.
ASX ANNOUNCEMENT I RELEASED 17 SEPTEMBER 2026
________________________________________________________________
7
TG METALS LTD
ASX TG6
ABN 40 644 621 830
Level 2, Suite 3
28 Ord Street
West Perth WA 6005
T: +61 8 6211 5099
W: www.tgmetals.com.au
Appendix A: Van Uden Mineral Resource
The Van Uden gold MRE has 56% in the Indicated category allowing progression to mining
and processing studies in the near term. The surface Laterite is the current focus for heap
leach technology. The updated MRE below in Table 1 shows the current resource status:
Table 1: MRE – Van Uden Gold Deposit
NOTES: The Mineral Resources statement conforms to the Australasian Code for Reporting of Exploration
Results, Mineral Resources and Ore Reserves (JORC Code) 2012 Edition. All tonnages are dry metric tonnes.
The laterite portion of the mineralisation has been reported at a cut-off grade of 0.10 g/t Au by area within a
A$6,000/oz Au optimised pit shell. All other material types are reported at a cut-off grade of 0.30 g/t Au by area
within a A$6,000/oz Au optimised pit shell based on mining parameters and operating costs typical for Australian
open pit extraction deposits of a similar scale and geology.
Minor discrepancies may occur due to rounding of appropriate significant figures. The resources comply with the
Reasonable Prospects for Eventual Economic Extraction (RPEEE), a key principle in mineral resource reporting
that requires the competent person to demonstrate that a mineral deposit has the potential to be economically
extracted in the future
Material
Grade Grade Grade
(Au g/t) (Au g/t) (Au g/t)
Laterite 886,000 0.56 15,900 167,000 0.33 1,800 1,053,000 0.52 17,700
Oxide 1,976,000 1.15 73,300 414,000 0.91 12,100 2,390,000 1.11 85,400
Transition 1,115,000 1.07 38,300 740,000 1.01 24,100 1,855,000 1.05 62,400
Fresh 580,000 1.35 25,100 2,057,000 1.21 80,200 2,637,000 1.24 105,300
Total 4,557,000 1.04 152,600 3,378,000 1.09 118,200 7,935,000 1.06 270,800
Gold (oz)
Indicated Inferred Total
Mineral Resource Estimate Van Uden Gold Deposit - April 2026
Tonnes Gold (oz) Tonnes Gold (oz) Tonnes
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