TG Metals (ASX: $TG6) Announcement Overview

TG Metals Limited (TG Metals or the Company) (ASX: $TG6) has defined a significant Australian hard rock lithium deposit at the Burmeister Lithium deposit within the Lake Johnston Project, Western Australia. The Exploration Target quantity and grade is conceptual in nature, based on the Company's resource definition drilling undertaken since discovery in October 2023. The current drill hole density at Burmeister is not considered sufficient to determine a Mineral Resource. The CEO, Mr. David Selfe, expressed confidence in the potential of the deposit, highlighting the distinctive mineralogy of the pegmatites and the upcoming metallurgical results expected later in the current quarter.

Executive Commentary

TG Metals CEO, Mr. David Selfe stated; 'The work done by our external consultants based on existing drilling has delivered a high quality, robust Exploration Target at Burmeister. It is shaping up to be a potential top 10 hard rock lithium deposit in Australia. Burmeister is a standout for various reasons, one being the distinctive mineralogy of the pegmatites, which have a consistent lithium grade and spodumene content. It is our view that this will be born-out in our first metallurgical results, which are expected later in the current quarter. The conceptual pit optimization work tends towards taking in all the currently defined mineralization which opens the scope for drilling for extensions down dip.'

Summary

TG Metals has defined a significant lithium deposit at the Burmeister Lithium deposit within the Lake Johnston Project, Western Australia. The Exploration Target quantity and grade is conceptual in nature, based on the Company's resource definition drilling undertaken since discovery in October 2023. The CEO expressed confidence in the potential of the deposit, highlighting the distinctive mineralogy of the pegmatites and the upcoming metallurgical results expected later in the current quarter. The size, grade, and geometry of the deposit provide for a stand-alone mining and processing opportunity. The deposit remains open at depth, offering further opportunities for deposit extensions. The Company's strategy is to develop a stand-alone lithium mining and processing operation at Lake Johnston. Further studies including metallurgical testwork and mining assessments are required to confirm the validity and economics of a custom processing Plant suitable for the Burmeister ore. The Company is also exploring the neighboring Jaegermeister lithium prospect, with high priority soil targets identified for drilling. The Company is working towards drilling recommencing at Lake Johnston as soon as the requisite approvals are received. Metallurgical testwork on Burmeister diamond drill core samples has commenced and is expected to take up to 18 weeks to complete.