WA company with significant tungsten and molybderum mineralisation intersected in recent drilling at Mt Mulgine WA Further results due in March. Also deposits Big Hill (east Pilbara) and Kilba (250kl from Karratha)
Cash at end Dec quarter $15.92m
Tungsten (battery material) up 55% over the year to Dec. China closures= tightening supply
MOU with China Fortune 500 company Xiamen (MC AUD$5b,) which gives them the right to purchase the tungsten.
So far tested at concentrate +55% WO3
GWR holds 12.6% TGN. Similar directors and GWR Directors are paid in shares
There has been significant SP upside in TGN & GWR, both receiving speeding tickets.
Today so far TGN High 54c and GWR High 30c
Possible tailwinds are more positive drilling news and the MOU becoming a binding contract
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