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

Tartana Minerals Limited (ASX: TAT) (the Company), is pleased to announce that copper sulphate pentahydrate (copper sulphate) production continues to increase with sales totalling 97.5 tonnes during the quarter, representing $411K in revenues. This combined with the $201K received this Quarter from earlier sales of zinc slag, brings the total to $612K for the Quarter.

Highlights:

• Sales revenue increasing: cash receipts of $612K including $411K on 97.5 tonnes of copper sulphate pentahydrate during the quarter and receipt of $201K from earlier sales of zinc slag.
• Process optimisation is underway to reach a target production of at least 5 tonnes per day.
• Metallurgical hole D15 assays and testing are underway.
• Tartana Copper project (45,000 t Cu at 0.45% Cu using a 0.2% Cu, further details below)¹ studies are underway to establish copper flotation recoveries, concentrate grades and Tomra ore sorting upgrades on a 650 kg bulk sample.
• New EPM 29067 application (Bottle Bird) adjacent to the Tartana Copper project lodged.
• Landholder Standard Conduct and Compensation Agreement (SCCA) executed on Beefwood EPM 26399, Maid EPM 27735 and mining lease applications for Mountain Maid gold and Cardross copper.
• Ms Shuyi (Kiara) Wang appointed as a director on 17 July 2024.
• Significant financings completed in the quarter: repayment of a A$1 million convertible note, raising $1.5 million in a rights issue and shortfall placement at $0.05, and borrowing $0.3 million from another party.
• Name change completed from R3D Resources Limited to Tartana Minerals Limited.

Assaying and metallurgical testwork have commenced on PQ and HQ core from D15. D15 was drilled to 300 m below TRC098 which was drilled in 2022, reporting 72.1 m at 0.63% Cu from 15.6 m². D15 is located in the central portion of the Tartana Copper project and provides samples of typical mineralisation applicable across the orebody.

The testwork will provide estimated key metallurgical parameters necessary for commercial development of primary copper resources within Tartana’s open pit.

Tartana Minerals lodged a new EPM (29067) application covering an area adjacent to Tartana mining leases which also covers prospective ground near the Company’s Nightflower Silver project.

Elsewhere, the Standard Conduct and Compensation Agreement (SCCA) covering Beefwood EPM 26399 has been finalised as the Company progresses early work on this site. This follows finalisation of SCCAs over Maid EPM 27735, including the Mountain Maid Gold project³ and the Cardross Copper project. Tartana is in progress of finalising a Native Title Agreement with the Wakaman Kung Kung Aboriginal Corporation, following this drilling will commence.

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.