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    Tyranna Resources (ASX:TYX) announces full year results

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    Tyranna Resources (ASX:TYX) announced financial results for the full-year ended 30 June 2022.

    The principal activities of the Group during the financial year were mineral exploration and project development.

    The Group's loss after providing for income tax amounted to $783,681 (2021: $384,072). The Group continues to work towards advancing its project toward gold production.

    The directors believe the Group is in a stable financial position to expand and grow its current operations. The Group's net assets as at 30 June 2022 are $3,665,332 (2021: $3,244,346).

    The company's principal source of liquidity as at 30 June 2022 is cash of $3,032,713 (2021: $418,645). The Company's main sources of cash during the year are proceeds from capital raisings and sale of assets.

    No amounts have been paid or declared by way of dividends by the Company since the end of the previous financial period and up until the date of this report. The directors do not recommend the payment of any dividend for the financial year ended 30 June 2022.

    There was no significant change in the state of affairs of the Group that occurred during the financial year under review that is not mentioned elsewhere in this report of listed below.

    On 27 May 2022, Tyranna issued 220,000,000 new fully paid ordinary shares at $0.005 following the successful raise of $1,100,000 before costs (Placement).

    On 18 August 2022, Tyranna announced the completion of the Acquisition of an 80% interest in Angolan Minerals Pty Ltd (Angolan Minerals) the legal and beneficial owner of Prospecting License No. 001/02/01/T.P/ANG-MIREMPET/2022.

    Following the announcement the company?s share price fell 7.547%.

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