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Tasman Resources Limited (ASX:TAS)

ALERT: Price-sensitive ASX Announcement for TAS
Current share price for TAS : $0.046 0.005 (12.20%)+
Announcement
Release
25 May 2026 8:15AM
Price at Release
$0.041
Full Release
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Summary
Tasman Resources Limited announced the appointment of Mr. Adam Turnbull as a Non-Executive Director following the resignation of Mr. Doug Solomon. Adam Turnbull brings extensive experience in various sectors, enhancing the board's capability as the company advances its drilling programs at Lake Torrens and Parkinson Dam. The company has raised $4.05 million through a private placement of shares at $0.041 each, with the funds intended for an expanded drilling program targeting gold, silver, copper, and base metals. This placement did not involve any fees to brokers or third parties. The board acknowledges Doug Solomon's contributions and welcomes Adam Turnbull, underscoring the strategic importance of the upcoming drilling projects.
Key Points
  • Appointment of Adam Turnbull as Non-Executive Director.
  • Resignation of Doug Solomon from the board.
  • Raised $4.05 million through a private share placement to sophisticated investors.
  • Placement funds to be used for drilling programs at Parkinson Dam and Lake Torrens.
  • No broker or third-party fees for the share placement.
  • Expansion of drilling program to test high-priority targets at Parkinson Dam.
  • Board's appreciation for Doug Solomon's service and support.
  • Adam Turnbull's expertise in governance and strategic development.
  • Continued progress on Lake Torrens joint venture with Fortescue Ltd.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.