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Tali Resources Ltd (ASX:TR2)

ALERT: Price-sensitive ASX Announcement for TR2
Current share price for TR2 : $0.250 -0.05 (-16.67%)+
Release
13 Oct 2026 8:14AM
Price at Release
$0.300
Full Release
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Summary
Tali Resources Ltd announced that an approximately 9,000m aircore drilling program will commence in October 2026 at its West Arunta Project in Western Australia, with about 5,500m focused on seven first-pass targets across the 45km-long Don Juan-Alakol alkaline ultramafic intrusive system and a further 3,500m on five Central Australian Suture prospects. The Don Juan and Alakol prospects are considered prospective for carbonatite-hosted critical minerals because historical drilling intersected aillikite in seven of eight holes, a rock type commonly associated with carbonatites, and geophysical surveys have identified multiple untested gravity and magnetic anomalies including Don Juan South-East, Don Juan East, Don Juan South, Don Juan West, Alakol, Alakol B and Alakol C. Historical work by Toro Energy and Niobium Holdings also supports fertility, including altered wall-rock rock-chip results up to 3.2% total rare earth elements in sample 136697 and prior RC intersections at Don Juan such as 19m at 853ppm REE+Y from 82m in DJRC0001 and 48m at 847ppm REE+Y from 76m in DJ_P002. Tali said more than 35km of the interpreted system remains accessible and underexplored despite some heritage access restrictions over parts of the historically drilled strike, and the current program is designed to test untested intrusive targets for carbonatite-associated niobium, rare earths, titanium, phosphorus and possible copper mineralisation.
Key Points
  • Tali Resources plans approximately 9,000m of aircore drilling starting in October 2026.
  • About 5,500m will test seven high-priority targets across the Don Juan-Alakol trend for the first time.
  • Don Juan and Alakol sit within a 45km-long alkaline ultramafic intrusive complex considered prospective for carbonatite-hosted critical minerals.
  • Historical drilling intersected aillikite in seven of eight holes, supporting carbonatite prospectivity.
  • Seven Don Juan-Alakol targets are Don Juan South-East, Don Juan East, Don Juan South, Don Juan West, Alakol, Alakol B and Alakol C.
  • Toro Energy historical rock-chip sampling returned up to 3.2% total rare earth elements in altered wall rock adjacent to an aillikite dyke.
  • Historical RC drilling at Don Juan included 19m at 853ppm REE+Y from 82m in DJRC0001.
  • Historical RC drilling at Don Juan also included 48m at 847ppm REE+Y from 76m in DJ_P002.
  • The upcoming program will specifically test gravity-high and non-magnetic targets that were not previously drilled.
  • More than 35km of the interpreted Don Juan system remains outside inaccessible heritage areas and is the focus of ongoing exploration.
  • An additional 3,500m of aircore drilling will test Caspian North, Caspian North-East, Hutt West, Verde East and Verde West along the Central Australian Suture.
  • The target commodities highlighted are niobium, rare earths, titanium, phosphorus and potentially copper.
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.