Tartana Minerals Limited

Quarterly Activities Report for Period Ended 30 September 2024 and Appendix 5B

Copper production and Metallurgical Test Results

Tartana Minerals Limited (ASX: TAT) (the Company), is pleased to announce it had achieved a strong quarter with higher production levels providing revenue in excess of A$1 million for the quarter. Production has continued during October with the production of more than 135 tonnes and we are targeting at least two shipments by month end.


Highlights:

  • Sales revenue increasing: cash receipts of US$725K (A$1,039k) on sales of 295 tonnes of copper sulphate pentahydrate during the quarter.
  • Tartana D15 assays confirm board zones of copper mineralisation including 76 m @ 0.60% Cu, 178 m @ 0.40% Cu or 221 m @ 0.35% Cu, - all from 31 m depth downhole.
  • Excellent flotation copper recoveries (89%) from whole ore to saleable copper concentrate grading 21 % w/w Cu when testing a sample that was below the resource grade average.
  • Bulk sample ore sorting results indicate that using this process will result in a 72% grade increase and recover 71% of the contained copper.
  • New EPM 29119 application (Caldera Rim) east of Tartana mine site and complementing the recent Bottle Bird application (EPM 29067) near the Company’s Nightflower Silver project.
  • Potential merger with Queensland Strategic Metals Pty Ltd to provide exploration tenure with exposure to critical and strategic metals (tin, tungsten, antimony) including two new copper projects.
Metallurgical drillhole D15 assays and metallurgical testwork results provide a positive outlook for development of the Tartana open pit. The broad zones of copper mineralisation provides an opportunity for mine planning to incorporate a low strip ratio with the mineralisation also exhibiting high recoveries to a concentrate. Portions of the resource (e.g. lower grade portions) or the total resource can be upgraded through Tomra ore sorting.

With the positive results the Company is completing a Scoping Study incorporating options to potentially use nearby plants and/or develop a large scale plant at the Tartana mine site and which is separate from the existing copper sulphate pentahydrate production facility.

Our exploration activities are progressing as we establish a significant presence in Far North Queensland. We have recently lodged two new EPM applications (Bottle Bird and Caldera) in areas east of Tartana and which are The Company has proposed a merger with Queensland Strategic Metals Pty Ltd which requires shareholder approval. This entity has portfolio of exploration tenements covering tin, tungsten, antimony and copper prospects which will complement Tartana Mineral’s existing exploration portfolio. In particular, it holds a group of tenements on the southern part of this caldera chain which covers the tin fields including areas which have been held tightly for decades. These tenements abut Tartana Mineral’s own Emuford application, and which provides the Company with a dominant position in this prospective region.

A key prospect is Daisy Bell which rises above the surrounding plain and hosts tin, tungsten and copper mineralisation which appears continuous along strike for more than one kilometre. Elsewhere, the Ortona project south of Georgetown has high grade copper at surface in a series of parallel veins with nickel and cobalt mineralisation present in some of the more easterly veins (see ASX release dated 18 October 2024).


Click here for the full ASX Release

This article includes content from Tartana Minerals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

TAT:AU
The Conversation (0)
Financing Update and AGM Date

Financing Update and AGM Date

Tartana Minerals (TAT:AU) has announced Financing Update and AGM DateDownload the PDF here. Keep Reading...
Quarterly Activities/Appendix 5B Cash Flow Report

Quarterly Activities/Appendix 5B Cash Flow Report

Tartana Minerals (TAT:AU) has announced Quarterly Activities/Appendix 5B Cash Flow ReportDownload the PDF here. Keep Reading...
Director led financing and change of Chairman

Director led financing and change of Chairman

Tartana Minerals (TAT:AU) has announced Director led financing and change of ChairmanDownload the PDF here. Keep Reading...
Quarterly Activities/Appendix 5B Cash Flow Report

Quarterly Activities/Appendix 5B Cash Flow Report

Tartana Minerals (TAT:AU) has announced Quarterly Activities/Appendix 5B Cash Flow ReportDownload the PDF here. Keep Reading...
Beefwood Project Clarification and Drilling Update

Beefwood Project Clarification and Drilling Update

Tartana Minerals (TAT:AU) has announced Beefwood Project Clarification and Drilling UpdateDownload the PDF here. Keep Reading...
Adrian Day, gold bars.

Adrian Day: Gold Far from Top, Two Triggers for Next Price Move

Adrian Day, president of Adrian Day Asset Management, shares his thoughts on gold's price pullback, saying he currently sees no evidence of a top. "It's perfectly normal in middle of a bull market to have a significant correction. This really isn't even a correction yet, let's not forget that.... Keep Reading...
Rick Rule, mine site.

Rick Rule: Gold Strategy, Oil Stocks I Own, "Sure Money" in Uranium

Rick Rule, proprietor at Rule Investment Media, recently sold 25 percent of his junior gold stocks, redeploying the funds into physical gold, as well as Franco-Nevada (TSX:FNV,NYSE:FNV), Wheaton Precious Metals (TSX:WPM,NYSE:WPM) and Agnico Eagle Mines (TSX:AEM,NYSE:AEM). In addition to those... Keep Reading...
Brien Lundin, gold bars.

Brien Lundin: Gold, Silver Waiting for Next Leg, What's the Catalyst?

Brien Lundin, editor of Gold Newsletter and New Orleans Investment Conference host, shares his outlook for gold and silver as prices continue to consolidate. "At the end of this cycle, I've long predicted that we're going to get to a US$6,000 to US$8,000 (per ounce) price range, whenever that... Keep Reading...
Maritime Resources (TSXV:MAE)

Maritime Announces 2025 Annual General and Special Meeting Results

Maritime Resources Corp. (TSXV: MAE,OTC:MRTMD) ("Maritime" or the "Company") is pleased to announce that, at the annual general and special meeting (the "Company Meeting") of the holders of common shares (the "Common Shares") in the capital of the Company (the "Shareholders") and the holders of... Keep Reading...
Gold bars on a table in front of U.S. hundred dollar bills and stacked coins.

Word Gold Council: Investment Key Driver of Gold Demand in Q3 2025

Investor appetite for safe-haven assets resulted in a record quarter for gold demand in Q3 2025, according to the World Gold Council’s (WGC) latest report.The WGC published its Gold Demand Trends Q3 report on October 30, which clearly demonstrates that investor demand for gold is exploding as... Keep Reading...

Latest Press Releases

Related News