Tartana Minerals Raises $4.5 Million for Exploration and Production Enhancement in Queensland
Tartana Minerals Limited has secured a $4.5 million placement to fund exploration activities, primarily targeting its Nightflower project in Queensland. The placement, led by Alpine Capital, is set for 2026, with an anticipated drilling of over 10,000 metres. The placement price is $0.03 per share, with additional options for participants. Proceeds will also support working capital and production improvements at the Copper Sulphate plant. Directors have committed an additional $0.255 million to this placement.
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Tartana Minerals Limited (TAT) has announced a $4.5 million placement to finance exploration activities focused on critical metals in Far North Queensland, particularly the Nightflower Silver-Lead-Zinc-Antimony project. The placement, led by Alpine Capital, is priced at $0.03 per share and aims for over 10,000 metres of drilling in 2026.
Shareholders will be asked to approve the issuance of options to placement participants. Funds will also enhance production at the Copper Sulphate plant. Additionally, Tartana has appointed Sonny Didugu as a non-executive director. Directors have committed $0.255 million to this placement.
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