TCG: Afema drilling extends mineralisation, cash of $47.354m backs DFS work
Drilling at three Afema deposits extended mineralisation. TCG keeps a cash buffer while preparing a resource update and feasibility study.
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what happened
According to TradingView, drilling at three Afema deposits extended mineralisation. The results support a planned resource update in December 2026 and the definitive feasibility study (DFS).
Quarter-end cash stood at $47.354m, and DFS completion is targeted for the June 2027 quarter.
why it matters
For investors in mining companies, two factors matter here: resource growth and a sufficient cash buffer. These are interim results, and the market will get a full assessment only after the resource update.
market impact
TCG: resource growth and cash reserves support the project, while the market awaits a new valuation.
tags
instruments
sources
- TCG: Afema drilling supports resource growth, with $47.354m cash backing DFS progress — TradingView, 26 October 2026 at 23:08 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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