TG Metals Ltd (ASX:TG6) CEO David Selfe speaks to Thomas Warner from Proactive about the exploration and development company's progress in the Lake Johnston Greenstone belt in Western Australia.
Selfe explains that a recent maiden drilling program has yielding high-grade nickel, including an particularly noteworthy intercept of 3.23%. The next steps involve metallurgical test work on the samples taken and a second phase of drilling, aiming to establish a resource. The company will also in parallel be conducting an RC and diamond drilling campaign for its nickel sulphide targets as well as drilling for lithium - two more maiden drilling programmes. He says that while drilling campaigns are inevitably relatively resource-intensive, the company maintains a prudent approach to finances and has over $3 million on hand from a successful IPO.
He concludes by saying that contrary to misconceptions, the company's top priorities are its potential nickel sulphide and lithium deposits, with nickel laterite seen as a potential leverage point in the future.