Skip to main content
Grafa
Mining
Tambourah Metals updates drill program with $5M cash balance
Image for illustrative purposes only. Not a real photo.

Tambourah Metals updates drill program with $5M cash balance

Share
  • Tambourah Metals reported a cash balance of close to $5 million alongside active exploration updates across its mineral projects.
  • The corporate update followed recent operational progress at the company's Western Australian exploration leases.
  • Management stated that ongoing funds will support systematic drilling and technical research programmes.

Tambourah Metals (ASX:TMB) released an exploration and financial update detailing a cash position of close to $5 million alongside recent drilling activities at its projects.

The update follows previous quarters of active field programmes and ongoing technical evaluations across the firm's gold and critical mineral properties.

Expenditure on exploration activities during the recent period reached approximately $203,000 as field crews advanced geological work.

The company stated that the current funds will support upcoming exploration work, including reverse circulation drilling and specialised research partnerships.

Following the announcement, the Tambourah Metals share price was unchanged at $0.031.

The firm holds a portfolio of tenements prospective for gold, lithium, and other metals located in Western Australia.

Frequently asked questions