TG Metals Limited advised that it has completed a Slingram Moving Loop Transient Electromagnetic (SMLTEM) and Fixed Loop Electromagnetic (FLEM) geophysical survey at its flagship Lake Johnston Ni-Li-Au Project, located south of the Maggie Hays-Emily Anne nickel sulphide mining centre. This new high-quality, high-powered geophysical survey provides a superior test of trends that are favourable for nickel-sulphide deposits. The program, including extensions required to fully test target areas (ASX announcement 1 December 2022), has been completed in its entirety, with processing and modelling of the geophysical data underway and expected to be completed early in 2023.

Next Steps: The results of the SMLTEM and FLEM program will be processed to produce plate models on any conductors identified. This will enhance drill targeting and once accurate drill collar locations are determined, drilling permitting will commence.