Dec. 23 at 3:48 PM
$TMGLF American Tungsten & Antimony Ltd
(ASX:
$AT4 | OCTCQB:
$TMGLF)
American Tungsten & Antimony is shaking up the mining game with a massive demerger – spinning out its high-potential Drummond Basin and NSW gold/antimony assets into King Metals Ltd, a dedicated ASX-listed gold explorer! This unlocks hidden value for shareholders, letting AT4 laser-focus on its US antimony powerhouse (Antimony Canyon, Tennessee Mountain, Nightingale). King aims to raise
$4.5M-
$6M at
$0.20/share via IPO, with priority for AT4 holders. Board stacked: Tim Morrison (Chair), Chris Piggott, Nicholas Katris – hunting a CEO to drill hard. MD Andre Booyzen: “Perfect timing for gold discoveries in a bull market!” Drummond highlights: Old Glenroy with SW Limey (new epithermal system via RC/DD holes, IP anomalies like Pajingo’s 5Moz Au), Breccia Hill (untested feeders, rhyolite breccia ready to drill). NSW gems: Taylors Arm (historic 4116g/t Ag, 24g/t Au), Spartan (next to LRV’s Hillgrove), North Nundle.