TG6

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Ann: TG Metals Raises $10 Million in Placement, page-316

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Wary1

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09/12/23

09:42

Post #: 71359806
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Originally posted by WhatsTheTip: ↑

Agreed, most ASX junior explorers don't make it.

While few explorers make it, even in its short life as a listed company the Goat has kicked a few goals that many don't reach:
Most lithium explorers haven't conducted a successful capital raise of $10m or more (that was incidentally over subscribed and heavily scaled)
Most lithium explorers haven't had a 15 grade metre or longer intercept confirmed as Spodumene (although a much longer intercept would be great)
Most lithium explorers don't have confirmed mineralisation with 200m+ horizontal spacing
TG6 has reported 6-9m in 4 holes so far (RC06, RC07, RC10 and RC11). RC09 had a successful DD tail so IMO its a safe bet this hole has now hit Spod meaning the Goat is batting 83% from its initial holes. They have drilled another hole in the location RC08 was drilled. Either they are stupid or with increased depth and the right intercept angles, they expect to hit spod again. If they do the Goat will be batting 100% from the initial drill pads. Practically no-one in the lithium game bats 100% from their initial drill pads. Batting 0% does occur, but not 100%!! [note only 67% is currently confirmed].
Most lithium explorers don't have rock chips / soils indicating there could be a simply massive system (Accepted, some have this).
Most lithium explorers don't find gently sloping mineralised pegmatites.
I'm not sure how may have the company going on print record as noting geological similarities to one of Australia's and therefore the worlds seriously big lithium resources. I suspect its not many. By contained LCE with a 1% cut-off, Mt Holland aka Earl Grey is #6 in the world (and within 10% of being #4). The top 3 are Pilgangoora, Manono and Greenbushes. Wodgina and Goulamina are a similar size but slightly bigger than Mt Holland. Every other known resource is smaller or under 1% average grade. Lithium America's Thacker Pass is bigger size but its average grade is 0.5% LiOH.

TG6 comments in presentations/ASX releases:

Note - its a certainty that TG6 will have some dusters. Every lithium developer does as they find the boundaries of their deposit hopefully there aren't many in the next 13 drill holes.

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I'm a new investor in this stock. I'm curious about why it is referred to as the GOAT.
TG6 Price at posting: 77.0¢ Sentiment: Hold Disclosure: Held
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Ann: TG Metals Raises $10 Million in Placement, page-316

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Ann: TG Metals Raises $10 Million in Placement, page-316

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BCI reaches close of funding facility for salt-first part of Mardie project

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Buxton projects new graphite province discovery at WA Narryer play

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White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

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