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Tennant Minerals Limited (ASX:TMS)

ALERT: Price-sensitive ASX Announcement for TMS
Current share price for TMS : $0.008 0.001 (14.29%)+
Announcement
Release
16 Jul 2026 8:20AM
Price at Release
$0.007
Full Release
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Summary
Tennant Minerals Limited has announced the successful completion of a $2.8 million placement to fund new drilling and development studies at the Bluebird project. The funds will be used to further explore and extend the high-grade mineral zones of gold, copper, and bismuth within the Bluebird-Perseverance corridor. The placement issued a total of 430,769,219 options alongside shares to institutional and sophisticated investors, with an additional issue for lead management services. The recent significant drill results have highlighted the potential for further mineral resource development, aiming to expand the high-grade mineralisation and possibly support a stand-alone mining operation.
Key Points
  • Tennant Minerals Limited completed a $2.8 million placement.
  • The placement will fund new drilling efforts at the Bluebird project.
  • Recent drilling results at the Bluebird site have shown significant gold, copper, and bismuth intersections.
  • The focus is on extending the high-grade mineralisation zone at Bluebird.
  • The placement involved issuing shares and options to investors.
  • There is potential for a large-scale copper-gold-bismuth system in the Bluebird-Perseverance corridor.
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.