InvestSMART

Tali Resources Ltd (ASX:TR2)

ALERT: Price-sensitive ASX Announcement for TR2
Current share price for TR2 : $0.300 -0.02 (-6.25%)+
Announcement
Release
7 May 2026 9:34AM
Price at Release
$0.320
Full Release
download
Summary
Tali Resources Ltd has announced a successful share placement, raising approximately $3.0 million to fund exploration activities at their West Arunta Project in Western Australia. This involves issuing 11,320,755 fully paid ordinary shares at $0.265 per share, representing a 17.2% discount to the last traded price. The raised funds will support a multi-phase drilling campaign set to commence later in May 2026. The company, now holding about $6.01 million in cash, is positioned to execute its full 2026 exploration program. Euroz Hartleys Limited and Canaccord Genuity (Australia) Limited served as Joint Lead Managers and Joint Bookrunners for the placement.
Key Points
  • Tali Resources Ltd raised $3.0 million through a share placement.
  • The placement involved 11,320,755 shares at $0.265 each.
  • Funds will support the West Arunta Project exploration.
  • A multi-phase drilling campaign will begin in May 2026.
  • Company's cash position post-placement is approximately $6.01 million.
  • Euroz Hartleys and Canaccord Genuity were the lead managers.
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.