Tungsten Mining Nl · ASX:TGN
Tungsten Mining Nl — Investor Presentation (July 2025)
17 slides from Tungsten Mining Nl's investor presentation, Jul 24, 2025
Slide 1: A tungsten-tipped answer to the West's critical metals dilemma
A tungsten-tipped answer to the West’s critical metals dilemma Broker ACN 152 084 403 Presentation ASX Code: TGN June 2025
Slide 2: Important Notices & Disclaimers
Important Notices & Disclaimers Important Information and Disclaimer Tungsten Mining NL (‘TGN’ or ‘the Company’) is an Australian listed resources company. This presentation (“Presentation”) has been prepared by TGN and is provided for information purposes only. This Presentation has been approved f
Slide 3: Tungsten Mining
Tungsten Mining To become a leading supplier of ethically sourced, high-grade tungsten for globally critical industries through the innovative, sustainable development of Australia’s premier tungsten assets. 3
Slide 4: Corporate Snapshot
Corporate Snapshot ASX: TGN Shares Last Share Undiluted Net on Issue Price Market Cap Cash 898.5 Million $0.074 as at $66.5 Million as at $3.13 Million as at 4,250 Unlisted 16 July 2025 16 July 2025 31st March 2025 convertible notes 14 Tungsten Mining Share Price Performance Tungsten Mining is uniqu
Slide 5: Forecast 2025-2033
Strategic metal. World-class asset. Aligned timing. TGN has one of the largest Tungsten Resource Bases Outside of China Tungsten demand is forecast to more than double by 2033. TGN is advancing its portfolio at a time when global supply is Forecast 2025-2033 tightening. 2021 2022 2023 2024 2025 2026
Slide 6: Why Invest in Tungsten?
Why Invest in Tungsten? Booming Demand, Restricted Supply, Rocketing Prices Rocketing Prices Tungsten hits 12-year highs, after China added tungsten to the critical minerals export restriction list in February 2025. Source: The Oregon Group Critical Mineral/Critical Market Tungsten market size expec
Slide 7: Tungsten Concentrate
Growing Industry Tungsten Concentrate Demand for Tungsten2 Market Summary 26% 26% Transport Industrial use Key Points Tungsten ores (scheelite or wolframite) are mined and processed End User to produce tungsten concentrate (WO3) typically containing ~ 40 9% Market 10% - 65% WO3 Defence Chemical/ Pha
Slide 8: TGN Global Mineral Resource Estimate
TGN Global Mineral Resource Estimate Mt Mulgine Mineral Resource Global @ 0.05% WO3 Cut-off Tonnes WO3 WO3 Mo Mo Au Au Ag Ag Cu Cu Classification Mt % kt ppm kt g/t koz g/t Moz % kt Indicated 183 0.11 205 290 52 0.13 770 5 32 0.04 69 Inferred 76 0.11 85 240 18 0.09 230 5 12 0.03 24 TOTAL 259 0.11 29
Slide 9: Significant Tungsten Assets (outside of China)
Global Tungsten Assets Measured & WO3 WO3 Rank Deposit Name Country Indicated Resources Grade Contained Status Company Source Significant Tungsten Assets (outside of China) (Mt) (%) (kt) In Fireweed 1 Mactung Canada 41.5 0.73 303 Link Development Metals Tungsten Deposits Resource Comparison Deposit
Slide 10: Mount Mulgine Project
Mount Mulgine Project Flagship Asset Major Resource One of the world’s largest scale undeveloped tungsten deposits. Polymetallic Deposit Contains significant Tungsten (WO₃) & Molybdenum (Mo), with Copper (Cu), Gold (Au) and Silver (Ag) and other by-product revenue potential. Significant Expenditure
Slide 11: Internal Study
Internal Study Strategic Scenarios Internal Strategic Evaluation* An internal strategic study was completed in 2024 with the following scenarios assessed: Multiple Plant Configurations Studied Comparative analysis of different development scenarios was undertaken to understand the best value proposi
Slide 12: New Low-Cost Development Strategy
New Low-Cost Development Strategy Stage 1 Stage 2 Stage 3 Oxide Gold Project Small-Scale Tungsten Project Large-Scale Tungsten Project Strategic Rationale Strategic Rationale Strategic Rationale • Opportunity to extract oxide gold from • Design of processing circuit to allow cost- • Master planning
Slide 13: Hatches Creek Project
Hatches Creek Project High-Grade Upside Polymetallic Deposit in NT Multiple high-grade polymetallic tungsten prospects, containing WO₃, Cu and Au. Historical Production Mine Historical high-grade tungsten mining (1915 - 1957) producing >65% WO3 (tungsten trioxide) concentrate. Inferred Mineral Resou
Slide 14: TGN Timeline of Planned Activity
TGN Timeline of Planned Activity Significant milestones and catalysts expected over next 12 months1 Q1- Q4 Q2 2025 2026 - Q1 Q4 2026 2025 Q4 Mt Mulgine Late 2025 Gold MRE Mt Mulgine Late Q3 Gold Resource Q3 2025 Commence Drilling2 PFS2 Q3 2025 Scoping Study Q3 2025 Results Gold Q3 2025 Exploration R
Slide 15: Takeaway
Takeaway Investment Case Very Strong Undervalued Board, Management, Fast-track / Low- Material News Macro World-Class Shareholders & Cost Startup Solution Flow and Tailwinds Resources Capital Identified Catalysts Rapidly rising prices, One of the worlds most Experienced board, Expedited technical Ex
Slide 16: Corporate Overview
Corporate Overview Board & Management Gary Tan Sri David Russell Chew Jimmy Teck Wong Simon Lyons Law Clark Wai Chuen Lee Borck Non-Exec Non-Exec Deputy Non-Exec Non-Exec Non-Exec Executive CFO & Company Chairman Chairman Director Director Director Director Secretary Experienced company Highly exper
Slide 17: Contact Us
Contact Us Telephone Website +61 8 9486 8492 www.tungstenmining.com E-mail Level 4, 46 Colin Street, West Perth 6005 info@tungstenmining.com Western Australia
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