TG6 2.50% 19.5¢ tg metals limited

Ann: Burmeister Lithium Potential Defined, page-147

  1. 2,720 Posts.
    lightbulb Created with Sketch. 5856
    I wonder which one of the following will make it through as the next few announcements?
    >Seismic results
    >Approvals to drill Jaegermeister
    >Expanded PoW approval for Burmeister
    >Infill soils at Jaegermeister
    >Met test work results
    >Something re Tay or one of the other areas

    Seismic - The 1May update noted Seismic was into the data processing stage. The Kungfu Panda linked video of 2 May (from 21min) noted data acquisition was complete but there was a couple of weeks data processing (up from a early estimate of 5 days). TG6 also noted getting it checked by a 3rd party geophysicist. That should be getting close. While its possible the delays are trying to rework and salvage something useful from the exercise my guess would be TG6 wanting to be super sure before releasing anything, particularly if it indicated a thick pegmatite that wasn't yet confirmed as being there or mineralised. We may even see Burmeister satellite work before Seismic results drop.

    Approvals for Jaegermeister - got to be soon.

    Expanded PoW approval for Burmeister - got to be soon and would appear to have less issues because there's already a 200m PoW approval in place

    Infill soils at Jaegermeister - TG6 has noted soils is a key exploration tool of TG6 and has progressively announced soils (4 October 2022, 8 May 2023-plans, 10 July 2023, 13 November 2023, 20 March 2024). The green lines below are the further infill soils that I expect TG6 has undertaken. With soils being cheap and drilling being expensive I wouldn't be surprised if they have also done a tighter grid around targets A and B. I'm sure they would want any readily available surface information before spending big dollars on drilling.
    https://hotcopper.com.au/data/attachments/6193/6193736-230fd0a08cc95eaf1b790705b6ea1222.jpg

    Met test work - These probably won't drop until the test work is complete, but a chance exists around a staged release.

    Other areas - TG6 has started planning around soils/exploration across its wider area but whether this has progressed to soils that are yet to get back from the lab and be released is unclear.
 
watchlist Created with Sketch. Add TG6 (ASX) to my watchlist
(20min delay)
Last
19.5¢
Change
-0.005(2.50%)
Mkt cap ! $13.86M
Open High Low Value Volume
19.5¢ 20.0¢ 19.5¢ $31.35K 158.6K

Buyers (Bids)

No. Vol. Price($)
5 85776 19.0¢
 

Sellers (Offers)

Price($) Vol. No.
19.5¢ 71104 2
View Market Depth
Last trade - 14.11pm 26/06/2024 (20 minute delay) ?
TG6 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.