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Tennant Minerals Limited (ASX:TMS)

ALERT: Price-sensitive ASX Announcement for TMS
Current share price for TMS : $0.007 -0.003 (-30%)+
Announcement
Release
12 May 2026 8:50AM
Price at Release
$0.010
Full Release
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Summary
Tennant Minerals Limited announced the confirmation of exceptional gold, bismuth, and copper grades at its Bluebird discovery, as demonstrated by re-assays of diamond drill-hole BBDD0050. The results include impressive grades of up to 47.2 g/t gold, 12.0% bismuth, and 9.3% copper, further extending the high-grade mineralization zone. The discovery remains open to the west, offering significant expansion potential. An expanded drilling program is planned, funded by a successful $2.8 million capital raise and potential co-funding from the Northern Territory government.
Key Points
  • Tennant Minerals Limited has confirmed exceptional gold, bismuth, and copper grades in the Bluebird discovery.
  • Re-assay results from diamond drill-hole BBDD0050 show high-grade mineralization, including 18m at 10.0 g/t AuEq.
  • Spectacular grades of 47.2 g/t gold, 12.0% bismuth, and 9.3% copper were reported.
  • The high-grade zone has been extended to the west and below the announced open-pit Mineral Resource.
  • Preparations are underway for an expanded drilling program funded by a $2.8 million capital raise.
  • The Bluebird discovery remains open to the west, indicating potential to expand the mineralized zone significantly.
  • The company has applied for co-funding from the Northern Territory government for further exploration.
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.