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Tungsten Mining (ASX: TGN) has reported encouraging initial drilling results from its Mt Mulgine project in Western Australia, reinforcing the potential for a substantial resource expansion at one of its key long-term development assets.
The first 16 holes from a 140-hole, 40,000m reverse circulation (RC) drilling program have intersected tungsten mineralisation up to 45m thicker than predicted by the existing geological model.
The results include broad tungsten intersections at the Mulgine Trench deposit, with highlights including:
- 292m at 0.11 per cent tungsten trioxide (WO₃) from 2m (MMC599)
- 290m at 0.10 per cent WO₃ from 10m (MMC600)
- 264m at 0.11 per cent WO₃ from 24m (MMC598)
- 257m at 0.11 per cent WO₃ from 2m (MMC604)
The drilling is targeting an additional 165–200 million tonnes at 0.10–0.12 per cent WO₃ beyond the existing 247Mt Mulgine Trench mineral resource.
However, the exploration target remains conceptual, with further drilling required before any additional mineral resource can be established.
Tungsten Mining chairman Gary Lyons said the early results supported the company’s resource growth ambitions.
“These initial results are highly encouraging and reinforce the significant resource growth potential at Mt Mulgine,” Lyons said.
“Broad tungsten intersections, including areas materially thicker than predicted, have exceeded expectations and strongly support our ambition to expand an already globally significant tungsten resource.”
The drilling also identified potentially valuable by-product mineralisation, including molybdenum intersections of up to 66m at 681 parts per million and gold intersections of 6m at 5.49 grams per tonne and 10m at 3.67g/t.
Located approximately 350km north-northeast of Perth, Mt Mulgine forms the longer-term component of Tungsten Mining’s staged development strategy.
The company’s immediate priority remains its Watershed tungsten project, which is progressing towards a final investment decision.
For investors, the key catalysts are further Mt Mulgine drilling results, potential resource growth and progress towards financing and development at Watershed.
Together, the projects provide Tungsten Mining with near-term development ambitions and longer-term exposure to expanding tungsten resources.
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