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Tambourah Metals Ltd (ASX:TMB)

ALERT: Price-sensitive ASX Announcement for TMB
Current share price for TMB : $0.037 0.006 (19.35%)+
Announcement
Release
30 Jul 2026 11:44AM
Price at Release
$0.031
Full Release
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Summary
Tambourah Metals Ltd's quarterly activities report for the period ending 30 June 2026 outlines a cash position of $4.987M, with exploration expenditures amounting to $203,000 and no costs attributed to mining production or development. The company paid $210,000 to related parties for fees and services. Active exploration work continues across several projects, focusing on gold and critical minerals. The company is leveraging collaborations, including a CSIRO research study, to optimize exploration strategies through advanced techniques like machine learning. Additionally, Tambourah Metals is considering joint ventures and divestment of non-core assets.
Key Points
  • Tambourah Metals Ltd reported a cash position of $4.987M as of 30 June 2026.
  • Expenditure on exploration activities during the quarter was approximately $203,000.
  • No expenditure was incurred on mining production or development activities during the quarter.
  • Payments of $210,000 were made to related parties, including directors, for fees and consulting services.
  • The company is advancing exploration work across gold and critical mineral projects, including high-resolution surveys and drilling programs.
  • Major projects include the Tambourah, Beatty Park South, Baxter South, and Tambina projects, targeting gold and critical minerals like lithium and antimony.
  • The company has initiated various collaborative research studies, including one with CSIRO, to enhance exploration using machine learning and remote sensing.
  • Tambourah Metals Ltd is reviewing opportunities for joint ventures or divestment of non-core assets.
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.