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Turnstone Resources Ltd (ASX:TSR)

ALERT: Price-sensitive ASX Announcement for TSR
Current share price for TSR : $0.022 -0.001 (-4.35%)+
Announcement
Release
13 Aug 2026 9:19AM
Price at Release
$0.023
Full Release
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Summary
Turnstone Resources Ltd (ASX: TSR) has successfully completed high-resolution drone magnetic surveys across its Swedish copper-gold portfolio in the Värmland region. This marks the first time all project areas, including Glava, Torsby West, and Klinten, have modern high-resolution geophysical coverage. The surveys, which cover approximately 100km², aim to enhance the geological models and support future drilling decisions. The data will help test geological models, map diorite contacts, and assess the stratigraphic linkage of historic copper workings. The company plans to integrate this magnetic data with geological mapping to refine their exploration strategy, potentially leading to targeted electromagnetic geophysics or drilling. The exploration program remains cost-effective, focusing on gathering evidence before committing to extensive drilling operations.
Key Points
  • Completion of high-resolution drone magnetic surveys across all project areas.
  • Coverage includes Glava, Torsby West, and Klinten over 100km² in Värmland.
  • First modern high-resolution geophysical coverage for these projects.
  • Magnetic data will support geological models and potential drilling decisions.
  • Surveys aim to test deep-seated intrusive models and stratigraphic links.
  • Next steps include geological mapping and updating geological models.
  • Exploration remains cost-effective, focusing on mapping, sampling, and geophysics.
  • Future steps may involve electromagnetic geophysics or targeted drilling.
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.