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Tambourah Metals Ltd (ASX:TMB)

ALERT: Price-sensitive ASX Announcement for TMB
Current share price for TMB : $0.031 -0.094 (-75.20%)+
Announcement
Release
2 Oct 2025 8:26AM
Price at Release
$0.125
Full Release
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Summary
Tambourah Metals Ltd (ASX:TMB) announced that it has secured $3 million through a strategic placement, welcoming Tribeca Investment Partners as a significant institutional shareholder. This investment, combined with existing cash reserves, totals approximately $4.5 million to fund the exploration and development of the Beatty Park South gold discovery. The strategic placement involves issuing 35,294,118 shares at A$0.085 per share, with shares expected to be issued on 9 October 2025. The proceeds will accelerate the exploration, expand drilling programs, and support general corporate purposes. Whairo Capital acted as the lead manager for the placement.
Key Points
  • Tambourah Metals Ltd raises $3 million through strategic placement.
  • Tribeca Investment Partners becomes a substantial shareholder.
  • Total funds of $4.5 million are allocated for the Beatty Park South exploration.
  • 35,294,118 shares to be issued at A$0.085 each.
  • Whairo Capital is the lead manager for the placement.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.