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Titanium Sands Limited (ASX:TSL)

ALERT: Price-sensitive ASX Announcement for TSL
Current share price for TSL : $0.007 0 (0%)+
Announcement
Release
31 Jul 2026 8:24AM
Price at Release
$0.007
Full Release
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Summary
Titanium Sands Limited's quarterly report for the period ending June 30, 2026, outlines key developments including the completion of the Mannar hydrology report, which confirmed no environmental impact from the proposed dredging operation. The Environmental Impact Assessment for the Mannar Project is nearing completion, with discussions underway for offtake and financing agreements. A consulting partnership with Global Mining Synergies aims to strengthen ties with potential Chinese partners. The company was a sponsor of the Sri Lankan Heavy Mineral Sands Conference, emphasizing Sri Lanka's export potential. Financially, Titanium Sands secured $800,000 with CPS Capital, along with a $400,000 extension for ongoing projects. The quarter saw $107k in exploration expenses, with $45k paid to directors.
Key Points
  • Completed hydrology report for Mannar project with no environmental impact on water table.
  • Environmental Impact Assessment (EIA) for Mannar Project is in final stages, with completion expected soon.
  • Initiated offtake and financing discussions with potential partners.
  • Entered non-exclusive consulting agreement with Global Mining Synergies to develop strategic relationships.
  • Sponsored the Sri Lankan Heavy Mineral Sands Conference, highlighting the country's mineral sands potential.
  • Arranged $800,000 funding with CPS Capital, with an additional $400,000 extension for working capital.
  • Exploration and Evaluation expenditure for the quarter was $107k.
  • Payments to related parties totaled $45k for directors' fees and salaries.
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.