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Tartana Minerals Limited (ASX:TAT)

ALERT: Price-sensitive ASX Announcement for TAT
Current share price for TAT : $0.017 -0.023 (-57.50%)+
Announcement
Release
12 Nov 2025 12:03PM
Price at Release
$0.040
Full Release
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Summary
Tartana Minerals Limited has announced a non-binding Letter of Intent with Alt Resources PLC for a $5 million non-dilutive financing package. This agreement will support the financing of Tartana's copper assets in the Chillagoe region of North Queensland. The financing is structured in two tranches, with Tranche 1 providing up to $1.1 million linked to copper sulphate pentahydrate revenue, and Tranche 2 offering a further $3.9 million contingent upon the progression of the Tartana-Mungana Copper Venture. The financing structure is revenue-stream based, providing early buy-out options and aligning Alt Resources' returns with Tartana’s production levels and copper prices, offering flexibility if production levels or commodity prices vary.
Key Points
  • Non-binding Letter of Intent signed with Alt Resources PLC for up to $5m in financing.
  • Tranche 1 is up to $1.1m linked to copper sulphate pentahydrate revenue.
  • Tranche 2 is a further $3.9m linked to copper in concentrate revenue.
  • Alt Resources' earnings vary with Tartana’s production and market conditions.
  • Financing supports copper assets in the Chillagoe region, North Queensland.
  • Drilling and metallurgical tests to further resource development.
  • Repayments and interest aligned with commodity price revenue.
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.