InvestSMART

Tarrina Resources Limited (ASX:TR8)

ALERT: Price-sensitive ASX Announcement for TR8
Current share price for TR8 : $0.015 0.011 (275%)+
Announcement
Release
28 Oct 2025 8:58AM
Price at Release
$0.004
Full Release
download
Summary
Tarrina Resources Limited has released its quarterly activities report for the period ending 30 September 2025. During this quarter, the company has focused on the acquisition of Rox 1 Pty Ltd and Rox 2 Pty Ltd, which are involved in projects related to gold, copper, silver, and rare earths exploration. The company successfully raised $734K, consisting of $500,000 from Promissory Notes and $234K from loan funding. The company is also preparing to raise an additional $5 million through a public offer by issuing 250 million shares at $0.02 each. The financial activities during the period saw a net cash use of $363,000 in operations, with cash equivalents totaling $348,000 at the end of the quarter. Future funding availability is estimated to last less than one quarter based on current cash flow rates, however, the company expects to complete its acquisition and public offer soon, which will support its continued operations.
Key Points
  • Completion of divestment of My Foodie Box meal kit business.
  • Binding share purchase agreement with MondoRox Pty Ltd for the acquisition of Rox 1 Pty Ltd and Rox 2 Pty Ltd.
  • Prospectus lodged with ASIC to raise $5 million through a public offer.
  • Shareholder approvals obtained for acquisition and public offer.
  • Raised $734K during the quarter, including $500,000 from Promissory Notes.
  • Net cash used in operating activities was $363K.
  • Cash equivalents at the end of the period were $348K.
  • Estimated quarters of funding available is less than one.
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.