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Tali Resources Ltd (ASX:TR2)

ALERT: Price-sensitive ASX Announcement for TR2
Current share price for TR2 : $0.325 -0.355 (-52.21%)+
Announcement
Release
22 Oct 2025 8:18AM
Price at Release
$0.680
Full Release
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Summary
Tali Resources Ltd, listed on the Australian Securities Exchange under the code TR2, provided its quarterly activities and cash flow report for the period ending 30 September 2025. The company, which was admitted to the ASX official list in July 2025 following a successful IPO, reported on its operations at the West Arunta Project located in Western Australia. This project, spanning approximately 4,000km² and involving 15 exploration licenses, is prospective for a variety of mineral deposit styles including iron oxide copper-gold, sediment-hosted copper, and orogenic-style gold mineralisation. During the quarter, Tali completed an initial reverse circulation drilling program targeting five prospects, with samples submitted for assay results expected in the upcoming quarter. Additionally, the company conducted ground-based and airborne geophysical surveys to enhance exploration efforts. Financially, Tali raised $7.5 million through its IPO, ending the quarter with a cash balance of approximately $5.1 million. The report also noted cash outflows related to exploration and evaluation activities, and expenditures aligning with forecasts outlined in the IPO prospectus.
Key Points
  • Tali Resources Ltd trades on the ASX under the code TR2.
  • The company's West Arunta Project covers about 4,000km² in Western Australia.
  • Completed initial drilling program at five prospects; assay results pending.
  • Undertook ground-based and airborne geophysical surveys for exploration.
  • Raised $7.5 million in IPO, with a cash balance of $5.1 million as of September 2025.
  • Cash flows included significant investment in exploration and evaluation.
  • Expenditures were in line with forecasts from the IPO prospectus.
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.