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Tennant Minerals Limited (ASX:TMS)

ALERT: Price-sensitive ASX Announcement for TMS
Current share price for TMS : $0.007 -0.001 (-7.14%)+
Announcement
Release
5 May 2026 8:45AM
Price at Release
$0.007
Full Release
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Summary
Tennant Minerals Limited has successfully raised $2.8 million to advance its exploration and development efforts at the Bluebird Au-Cu-Bi project within its Barkly Project in the Northern Territory. The funds will be used to further explore and expand the high-grade gold, copper, and bismuth mineralization identified in recent drilling. This includes testing new targets and modeling potential extensions of the Bluebird mineralized zone. Additionally, Tennant Minerals is collaborating under the Tennant Creek Copper Alliance to develop a critical-metals processing plant, which will aid in progressing mining and environmental studies necessary for future operations.
Key Points
  • Tennant Minerals raised $2.8 million for exploration and development of the Barkly Project.
  • The capital raise will fund further drilling and exploration of the Bluebird Au-Cu-Bi project.
  • The Bluebird discovery includes high-grade gold, copper, and bismuth mineralization.
  • Recent drill results show potential for significant expansion of the Bluebird mineralized zone.
  • Plans include joint critical-metals processing plant development through the Tennant Creek Copper Alliance.
  • The company aims to define multiple high-grade deposits and support a standalone mining operation.
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.