TG Metals Ltd (ASX:TG6) CEO David Selfe joins Proactive’s Tylah Tully to discuss the company's exploration efforts in Western Australia.
Selfe shared insights on the Lake Johnston Project, where TG Metals holds the largest land position.
Initially focused on nickel, the company shifted towards lithium exploration after the discovery of the Burmeister deposit in 2022.
Selfe highlighted the company's success in producing a 6.3% lithium concentrate from metallurgical test work and its ongoing efforts towards a maiden resource at the Burmeister deposit.
“Currently we're sitting on a fairly modest enterprise value of around about $6 million, which doesn't really show the value of our projects,” Selfe noted, pointing to upcoming milestones in 2024, including the flotation test results and additional drilling.
TG Metals aims to be a low-cost lithium producer by focusing on open-pit resources and minimizing processing costs.
Investors can expect further drilling activities at the Jagermeister deposit and continued efforts towards feasibility studies.