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Tyranna Resources Limited (ASX:TYX)

ALERT: Price-sensitive ASX Announcement for TYX
Current share price for TYX : $0.002 -0.002 (-42.86%)+
Announcement
Release
30 Jul 2026 8:18AM
Price at Release
$0.004
Full Release
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Summary
Tyranna Resources Limited, engaged in mineral exploration in Angola, reported significant activities for the quarter ending June 2026, including a net operating cash outflow of AUD 0.773 million. The company divested its Namibe Lithium and Caesium Project to Sinomine Resource for approximately AUD 2.06 million, strengthening its cash reserves to AUD 0.454 million by the quarter’s end. Key developments include the appointment of Mr. Davide Bosio as a Non-Executive Director and ongoing exploration at the Chinguar Gold Project. A General Meeting is planned for 7 August 2026 to discuss shareholder approvals for various strategic decisions.
Key Points
  • Tyranna Resources Limited is actively engaged in mineral exploration in Angola, focusing on lithium, caesium, and gold.
  • During the June 2026 quarter, Tyranna reported a net cash outflow from operations of AUD 0.773 million, primarily due to exploration and evaluation expenses.
  • The Namibe Lithium and Caesium Project was divested to Sinomine Resource, generating cash consideration of approximately AUD 2.06 million, subject to shareholder approval.
  • At the end of the quarter, Tyranna held cash reserves amounting to AUD 0.454 million with no outstanding debt.
  • Mr. Davide Bosio was appointed as a Non-Executive Director on the company’s Board.
  • The Chinguar Gold Project is progressing with stream sediment sampling identifying prospective gold areas.
  • A General Meeting of Shareholders is scheduled for 7 August 2026 to approve various corporate matters, including transactions and capital raising efforts.
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.